$AMC: Bullish Reversal Incoming?
⭐4H chart huge falling wedge
⭐Target of the falling wedge is 34$
⭐7.86 Fib level mounted as support (17.5-17.3$)
⭐20$ Resistance confirmed by EMA Ribbons and large VPVR node on the daily chart + 4h
⭐4H MFI bullish divergence, primed for a large bounce
⭐Strong bottoming signals on the daily chart, TD-Sequential red 9 + Vix Fix indicator. We barely wicked below the Ichimoku Cloud which is bullish. A daily close below the Ichimoku Cloud is bearish.
⭐Descending Volume while price consolidates is bullish
⭐Break and hold above the daily Ichimoku Cloud = Bullish
⭐Right now a daily close above 18.5$ is needed to confirm the bottoming signals
⭐Options chain looks bullish, a weekly close above 20$ is likely.
*WARNING* This thread is not financial advice. I am not a financial advisor.
Thank you for reading.
⭐Target of the falling wedge is 34$
⭐7.86 Fib level mounted as support (17.5-17.3$)
⭐20$ Resistance confirmed by EMA Ribbons and large VPVR node on the daily chart + 4h
⭐4H MFI bullish divergence, primed for a large bounce
⭐Strong bottoming signals on the daily chart, TD-Sequential red 9 + Vix Fix indicator. We barely wicked below the Ichimoku Cloud which is bullish. A daily close below the Ichimoku Cloud is bearish.
⭐Descending Volume while price consolidates is bullish
⭐Break and hold above the daily Ichimoku Cloud = Bullish
⭐Right now a daily close above 18.5$ is needed to confirm the bottoming signals
⭐Options chain looks bullish, a weekly close above 20$ is likely.
*WARNING* This thread is not financial advice. I am not a financial advisor.
Thank you for reading.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.