$AMC: Bullish Reversal Incoming?
⭐4H chart huge falling wedge
⭐Target of the falling wedge is 34$
⭐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.
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