AirDAO (AMB) - Bullish divergence

2023年9月24日

On the above 2-day chart price action has corrected over 80% since the beginning of the year. A number of reasons now exist to consider a long position, including:

1) Price action and RSI resistance breakouts.

2) Price action backtests past resistance as support.

3) Price action tests the ‘bottoming candle’.

4) Regular bullish divergence.

Was asked about this one, seems bullish enough but has very small market cap.

Is it possible price action falls further? Sure.
Is it probable? No

Type: Trade
Risk: <=2-3%
Timeframe: Act now
Return: Don’t know

2023年9月24日

交易進行

GRM support has confirmed for the last 10-12 days

2023年9月26日

註釋

Someone pointed out the flag pattern target to me. Above I said return: "Don't know', however the flag or wedge does indeed have 150% to 170% projection.

2023年9月30日

註釋

Always messages asking about this idea... If you were a seller those past 2-3 days the next move it about to hurt. Have you seen the candle that printed on the 2-day AMB-BTC chart?

2023年10月1日

註釋

Resistance failed, a good thing. Hold now until 7 cents or around 1000%.

Not trading this so you must ask for update below.

2023年10月2日

註釋

The last resistance is 0.013. After that it is a 10x