Interesting find (15min)
Mis à jour
Found something interesting on the 15 min for AMP-USD (Coinbase). Ever since the breakout, I spotted a stair stepping pattern following the consolidation period (around .05c).
Since this was the first time I witnessed some-what of a 'parabolic' movement of a crypto (from 0.5 - .122c) I wanted to see if I could find a pattern of some sort.
Which to my surprise - I managed to find a -20% increase after each stair stepping pattern (from the base of the step to the peak).
So my short 'prediction', if it actually follows the 20% increase & remaining within this uptrend, then we could potentially see AMP hitting the .13c range
OR hitting the higher end of the .125 - .128c range
- then possibly retracing to the .10 - .18c range (or retrace to previous resistance at .122c)
unless the sell & psychological barriers are removed and bulls want to push to (and maybe pass) the .13c.
If anyone has an idea of what this % change could mean and what resources could explain this type of pattern, or trading behavior (the 20% staircase pattern - if it is one), I would truly appreciate it.
As always, this is NOT financial advice, just a random pattern I found interesting.
Happy trading :)
Since this was the first time I witnessed some-what of a 'parabolic' movement of a crypto (from 0.5 - .122c) I wanted to see if I could find a pattern of some sort.
Which to my surprise - I managed to find a -20% increase after each stair stepping pattern (from the base of the step to the peak).
So my short 'prediction', if it actually follows the 20% increase & remaining within this uptrend, then we could potentially see AMP hitting the .13c range
OR hitting the higher end of the .125 - .128c range
- then possibly retracing to the .10 - .18c range (or retrace to previous resistance at .122c)
unless the sell & psychological barriers are removed and bulls want to push to (and maybe pass) the .13c.
If anyone has an idea of what this % change could mean and what resources could explain this type of pattern, or trading behavior (the 20% staircase pattern - if it is one), I would truly appreciate it.
As always, this is NOT financial advice, just a random pattern I found interesting.
Happy trading :)
Note
looks like it didn't break through the .119 resistance to hit .12. But that's okay cause it seems like all crypto suffered today unfortunately :/NOTE: when i said "- then possibly retracing to the .10 - . 18c range (or retrace to previous resistance at .122c)" -------
there's a typo for the retracement range ".18c"
- it was supposed to be .08c
-------------> retracing to .10 - .08c range.
hopefully yall understood since we have not hit anywhere near .18 xD
if not, then my apologies!!!
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.