Interesting find (15min)

17 cze 2021Found something interesting on the 15 min for AMP-USD (Coinbase). Ever since the breakout, I spotted a stair stepping pattern following the consolidation period (around .05c).

Since this was the first time I witnessed some-what of a 'parabolic' movement of a crypto (from 0.5 - .122c) I wanted to see if I could find a pattern of some sort.

Which to my surprise - I managed to find a -20% increase after each stair stepping pattern (from the base of the step to the peak).

So my short 'prediction', if it actually follows the 20% increase & remaining within this uptrend, then we could potentially see AMP hitting the .13c range
OR hitting the higher end of the .125 - .128c range
- then possibly retracing to the .10 - .18c range (or retrace to previous resistance at .122c)
unless the sell & psychological barriers are removed and bulls want to push to (and maybe pass) the .13c.

If anyone has an idea of what this % change could mean and what resources could explain this type of pattern, or trading behavior (the 20% staircase pattern - if it is one), I would truly appreciate it.

As always, this is NOT financial advice, just a random pattern I found interesting.

Happy trading :)

18 cze 2021

Komentarz

looks like it didn't break through the .119 resistance to hit .12. But that's okay cause it seems like all crypto suffered today unfortunately :/

NOTE: when i said "- then possibly retracing to the .10 - . 18c range (or retrace to previous resistance at .122c)" -------

there's a typo for the retracement range ".18c"
- it was supposed to be .08c
-------------> retracing to .10 - .08c range.

hopefully yall understood since we have not hit anywhere near .18 xD
if not, then my apologies!!!