- AMP provides collateral as a service, freely available to use with secure transfers and makes value move more quickly.
- The token has shown a pattern of engulfing bearish 10 days back.
- The RSI oscillator for AMP shows the BUY action.
The last known price of the token, AMP, is 0.50337 and is up by 0.004518 over the last 24 hours. It has the current trading volume(s) of 61,746,847 with a massive gain of 138.85% over the last 24 hours. AMP has addresses of 28242 with the active address(es) of 247 in the last 24 hours. The chart above shows the movement of AMP where 200 DMA has been running above it and even DMA-50 was above it until 23 July. We see the token with respect to SMA’s which are 20, 50 and 200 and it is SMA-20 which is behind one(SMA-200) SMA but above the other(SMA-50). We see a sideward pattern where the bears and bulls have a direct faceoff.
The trend line marked shows this sideward shifting. It is not wrong to say that SMA-20 could not move above SMA-50 in the trendline zone and so we do not see much of a return generation here. However the wicks formed have touched the zone of 50 and there the returns were 5-6%(max.)
In recent times the token has moved above SMA-50 and wicks have touched SMA-200.
Its top 10 and 20 holders have more than 85% holdings and top 50 and 100 have more than 90% which makes the strong supply side of the coin.
An RSI oscillator is also present in the chart which shows the proper time to buy or sell the token. RSI for the last 5 hours shows the value of 65.507 and marks the buy action. MA-5, MA-10 and MA-20 show the buy action. Even MA-100 shows the same buy action but MA-200 shows sell action. However, the AMP at present is all set to buy but for intraday trading.
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The bull/bear power has the value of 0.0068 and shows the buy action. The high/low marks the buy action with the value of 0.0038 either.
The AMP-BTC pair is trailing at the level of 0.000001517 and the gain of 7.94% was seen whereas the AMP-ETH pair is trailing at the level of 0.00002397 and the gain of 8.07% was seen in the last 24 hours. The volume/market cap of the token is 0.02902 and its market dominance is 0.16%.
Conclusion: The days range for the coin is 0.049832 – 0.052419 and presently is at 0.511. The 24 hours high and low of the coin is 0.05461 and 0.4438 respectively.The holders are showing great interest in this token as we can see through the trading volume. However, holding the token for more than 2 days would be risky. Based on your interests and choices, long and sell the AMP.
Technical Instruments:
Pivot: 0.051759
R-1: 0.053050
R-2: 0.053848
S-1: 0.050468
S-2: 0.049670
Note:
- The unit is USD
- SMA-20: Green colour
- SMA-50: Red colour
- SMA-200: Blue colour