AMB/BTC just for fun "Moon Analysis"

1 de out. de 2020

AMB/BTC has been in a bear trend for years now
and flipping the top black diagonal whilst creating another
higher low would be bullish.

With the rumors of this supply chain meets blockchain
tech company working alongside IBM, Maersk
and others potentially coming to fruition, it could
see exponential growth...moon targets all the way to nearly
10,000 sats.
The monthly volume of July and August was remarkable,
each being much greater than any month prior. Could this
be wash trading? Maybe, maybe not. But it's fun to look at
moon targets regardless, and if the volume profile is
legitimate as well as the partnerships being true, with
more bullish information released about AMB we may be
in for an exciting show.

These targets are solely based on previous S/R and
volume, they could very well never come close to
being reached, but with the uncertainty about this
Bitmex situation it's nice to keep things a little
lighthearted.

(S/R horizontal lines drawn on 1W chart,
using monthly candles here to emphasize volume)