For AirDao (AMBUSDT) it is still early, based on the chart signals. Not early as in bottom prices, because the bottom hit in August when the "V bottom" showed up, but early for the move that is about to start based on the fact that the chart is still neutral, trading sideways.
The same range that was activated in May continues active today.
Only briefly AMBUSDT moved below this level, marked yellow on the chart, in August and has been above it for months.
The RSI is not bullish but neither bearish.
A 45 reading while trending up is more positive than negative.
Price action is happening below EMA10 but with the "support range" confirmed, it is likely to move up soon.
So, early... This has its advantages and disadvantages.
Finding a chart setup early can translate into better entry but also a longer waiting period.
It can translate into higher risk because there is no bullish confirmation yet but can also translate into higher potential for gains.
The risk doesn't necessarily needs to be higher if you use a tight stop-loss... Early, but still a high probability chart setup.
My spider-sense is telling me that AMBUSDT is getting ready to grow.
Namaste.
The same range that was activated in May continues active today.
Only briefly AMBUSDT moved below this level, marked yellow on the chart, in August and has been above it for months.
The RSI is not bullish but neither bearish.
A 45 reading while trending up is more positive than negative.
Price action is happening below EMA10 but with the "support range" confirmed, it is likely to move up soon.
So, early... This has its advantages and disadvantages.
Finding a chart setup early can translate into better entry but also a longer waiting period.
It can translate into higher risk because there is no bullish confirmation yet but can also translate into higher potential for gains.
The risk doesn't necessarily needs to be higher if you use a tight stop-loss... Early, but still a high probability chart setup.
My spider-sense is telling me that AMBUSDT is getting ready to grow.
Namaste.
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🚨 The difference between poor weak signals & PREMIUM trade-numbers lies in results. Stand apart from the crowd. #1 Since 2017. Join now 👉 t.me/lamatrades/4
🎯 LIFETIME Results: t.me/anandatrades/1183
(Click & Claim Your FREE Pizza! 🍕)
🎯 LIFETIME Results: t.me/anandatrades/1183
(Click & Claim Your FREE Pizza! 🍕)
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.