Long
Ambrosus (AMB) Looking BULLISH! Currently in an uptrend.
Ambrosus is currently in an uptrend after the previous correction. It is resting on the daily 20 MA. Broke through the 0.618 fibonacci level and meeting resistance at the 0.786 one. If it breaks through we can see moon city. Stoch RSI and ADX are both indicating a bullish trend as well.
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As we predicted we did see moon city as we broke through the 1 fib level and reached a 24h high at 10911. For now the trend is reversing and we will see a short term correction in my opinion to the 0.618 fib level around 93xx levels.Like this trade to let me know you find this interesting so I will update more!
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The 0.5 fib level is holding quite well and the stoch rsi is reaching an oversold level. While the green and red trend are getting closer on the adx it is still stable. We might see a reversal upwards soon.Note
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The reversal has come as predicted. Hope you got some earlier when it dipped. First target is 9969 and second target is 10697.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.