AMC to jump 1700% with move to $90 in 2024?

2024年6月12日

There is evidence for such a move. On the above 5 day chart price action has corrected 99% (August 2023 share split accounted for). A number of reasons now exist to consider a long position, including:

1) Price action and RSI resistance breakouts. This breakout occurs after 1071 days of resistance.

2) Market participants are opening up long positions on every test of the golden ratio. See daily chart below. You have to look left until early 2021 to see a repeat of this behaviour.

3) The falling wedge is used to forecast a target area. Oddly enough that target area is matched by the top of the downtrend channel.

Is it possible price action continues the downtrend? Sure.
Is it probable? No.

Ww


Type: trade
Risk: <=3%
Timeframe for long: sooner than late
Return: 1500% at least





Golden ratio test (green line)

2024年7月2日

交易進行

Past resistance confirms support.

2024年7月25日

註釋

Dips are opportunities. . when there's blood on the streets.

50min chart, or last three months

2024年9月23日

交易進行

For the 3rd time since this idea was published... Past resistance confirms support.
When will sellers learn?

2024年11月21日

註釋

Past resistance confirms support.
Took a while, but it is now confirmed.

2024年11月27日

註釋

This is possibly about to pop sooner than late.. as in before end of year.

2024年12月2日

註釋

GRM support confirmed... whenever this happens...

2024年12月12日

註釋

A very good long moment...

3月21日

註釋

Got to hold $3 to remain valid.