Market cycles are a glorious thing, we experience the whole array of emotions as the price climbs, pumps, dips, falls, then crashes, only to rinse repeat down the road. With the expectation of March/April bringing new life back to Alts we're now able to see the alleged light at the end of the tunnel.
In terms of our friend AMP we can obviously see 2 highs, followed by a crash, with roughly the same time frame from peak to the beginning of a new cycle. If AMP is able to break the Fib cross diagonal and find support along said line, we should expect to see the cycle kick back up. A simple .618 retracement brings back .00024 and the entire 1.0 ATH retracement puts us over .0003.
Lot of upside and love seeing life come from the alts, lets keep watch and hope this doesn't end in a false breakout like NANO.
Happy Tuesday - March Madness is on the horizon LFG - Lamar Jackson will be QB1 out of this draft in 3 years.
DYOR - not advice
-Delgado-
In terms of our friend AMP we can obviously see 2 highs, followed by a crash, with roughly the same time frame from peak to the beginning of a new cycle. If AMP is able to break the Fib cross diagonal and find support along said line, we should expect to see the cycle kick back up. A simple .618 retracement brings back .00024 and the entire 1.0 ATH retracement puts us over .0003.
Lot of upside and love seeing life come from the alts, lets keep watch and hope this doesn't end in a false breakout like NANO.
Happy Tuesday - March Madness is on the horizon LFG - Lamar Jackson will be QB1 out of this draft in 3 years.
DYOR - not advice
-Delgado-