Long
Updated

AMB has a triple bottom with daily bullish div.

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AMB/BTC is currently sitting on a strong support zone around 1600 with daily bullish divergence on the RSI. If Bitcoin and crew can remain stable for a few days, I think AMB could pop pretty hard. Daily Stochastic might be preparing for a turn around to the upside, so I am watching for momentum to shift back to the buyers.

Entry: 1600-1650

Target 1: 1800 (10/20/50 day MA.)
Target 2: 2050-2100 (100 day MA.)
Target 3: 2250-2300 (200 day MA.)

SL: 1530

Moving average guide:
10 MA in Orange
20 MA in Pink
50 MA in Green
100 MA in Yellow
200 MA in Red

-This is not financial advice. Always do your own research and own due-diligence before investing and trading, as for investing and trading comes with high amounts of risk.
Note
Came 7 sat's from our Stop loss. BTC drops causing alts to react pretty violently. We've seen a nice recovery today and are back trading above our support around 1590-1600. We had some strong bullish div on the 4-hour that we are seeing play out. BTC just needs to hold stable/move up and I think AMB could pop pretty hard: snapshot
Trade closed manually
Far too much instability in Bitcoin to continue on with this trade. While the setup looked solid, Algo's are very sensitive to BTC price movements.

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