Amp (Coinbase: AMPUSD) has broken out of the triangle pattern in the daily chart.
(Chart courtesy of Tradingview.com(log scale))
Elliott Wave Analysis
In Elliott Wave terms, AMP began a red wave one advance on December 31, 2022. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked on February 23 this year and the red wave two (blue sub-waves a-b-c) correction ended on March 28. If this wave count is correct, AMP should be heading next towards the February 23 peak in the red wave three.
(Chart courtesy of Tradingview.com(log scale))
Funnymentals
Amp is described as the new digital collateral token offering instant, verifiable assurances for any kind of value transfer. You can listen their latest community call here.
(Sources: https://amptoken.org/)
How Will Amp Trade?
Amp (Coinbase: AMPUSD) daily chart by Tradingview.
(Chart courtesy of Tradingview.com(log scale))
Prizes
I will be giving upvotes to the correct answers (posts only).
Rules
This poll will expire in one week. Only one vote per person.
Which one will happen first?
Please select one of the three choices and comment below.
AMP will takeout the February 23 peak
AMP will drop below the December 31 low
AMP will stay in a trading range between the December 31 low and the February 23 peak until May 8