Hello Community!
When looking at the 4hr TF, AMC has made a higher low after a double bottom and is looking to retest the 55 ema, the orange horizontal resistance line, then the diagonal line shown. On the MACD we can clearly see a bullish set-up. On the RSI, it's gaining some strength and if this channel and triangle break upwards, we can expect to see prices move to the $70 range in the near future. Let's see if this plays out.
Don't trade with what you're not willing to lose.
Love it or hate it, hit that thumbs up and comment. It'll be greatly appreciated!
This is not financial advice.
Safe Trading Calculate Your Risk/Reward & Collect!
Simplicity Wins
When looking at the 4hr TF, AMC has made a higher low after a double bottom and is looking to retest the 55 ema, the orange horizontal resistance line, then the diagonal line shown. On the MACD we can clearly see a bullish set-up. On the RSI, it's gaining some strength and if this channel and triangle break upwards, we can expect to see prices move to the $70 range in the near future. Let's see if this plays out.
Don't trade with what you're not willing to lose.
Love it or hate it, hit that thumbs up and comment. It'll be greatly appreciated!
This is not financial advice.
Safe Trading Calculate Your Risk/Reward & Collect!
Simplicity Wins