Looking at my list of coins I found SynereoAmp (AMP), a very old coin (I like old coins as they have lots of history, lots of data from which I can make my analysis and have already been proven that they can and will stay around). Ranked 216 based on its maker cap. at the time of this analysis.
Issued in 2015, SynereoAmp has a solid chart, no signs of pump & dump, so you can take these coins and hold them for LONG, which is exactly what we want. Look at the earnings potential, so aim at least for a double or maybe much, much, more. Let’s look at the details… Now, let’s trade this coin.
SynereoAmp (AMP) Technical Analysis
Let’s start with the indicators. Why do I think this is a good money making coin? Why do I recommend it and “think” it will go up?
In all honesty, I don’t “think” neither expect for this coin or any other to do anything. I have no expectations in any area of life. I take a look at the charts and indicators, the candlesticks and formations and take these signals. These signals are the ones telling that there is something going on. Pressure is building up, this coin wants to go up. Let’s look at the details… That’s right.
- I no longer do 1 hour and 2 hour charts because this is such a short term analysis, that signals will change every few hours. Now I focus more on the daily and weekly charts, as this gives us a much, much wider perspective and lets us concentrate on the bigger picture.
- Before we get started look at the daily chart… That trend line, the red line, is pretty strong, it has been pressuring this coin since 2016, we will need to break it if we want to find new all time highs. Here is the chart:
- For my calculations, I will only be looking at a close up of the chart above, just a few days, the indicators and move on to the weekly chart.
- AMP on early December found support around the 1800 – 2000 satoshis range, now the coin price is sitting around 5000+ satoshis, which is an obvious strong bounce from support. We are on our way to a new uptrend.
- The 1 D chart is showing a long build up of positive divergence on the MACD, this coin built up for over 3 months. Remember this signal alone is strong enough to buy this coin. But this is just the beginning, there is a lot more.
- All my main indicators are trending upward, reaching higher highs each time and higher lows. These indicators are the MACD, RSI & STOCH. I even stopped learning about others, the default settings for these on Trading View, has worked for me flawlessly since day one.
- Today’s candle is green and strong, but the day still has a long way to go. We need to reach and close above 5900 just to start. So with that said, let’s move on to the weekly chart.
- A picture is worth a thousand words. We need to break the red line (magenta line shows the price) on the chart, and the RSI and MACD shows plenty of room for growth. The MACD also just crossed-over, so welcome to 2018, SynereoAmp, our newest strong coin. Here is your chart:
- Candlestick reading and the TD Sequential indicator for the weekly chart also look very strong. With all these bullish indicators, we don’t need more. So now, let’s look at the instructions… I love you, that’s right… on how to trade this coin.
- Volume is also considerably low, sitting around 220 Bitcoins at the time of me analyzing this coin.
Buy-in: 0.00004650 – 0.00007500
(I am giving you a very wide buy in range since this is a long term trade). We need to break the 0.00010000 range to confirm our new trend on the weekly set up. Remember to buy and hold, remember that this is for long.
(I would not worry about this. Like all the trades I suggest, we have too many bullish signals to go down now, but, if it does go down, for whatever reason, this is where you cut your loss).
Targets: (This is where we will face resistance and where we can choose to sell for profits).
(7) 0.00106300 (New all time high)
Note: Use the targets as reference points to sell for profits. Visit the “Selling the Targets” articles if you want more information and strategies on how to sell the targets.
My Message to You
Message (Today’s upgrade)
What does it mean when a new year comes to your door?
What does it mean when a year ends?
2017 Was a number 1 year, new beginnings.
2018 Is a year number 11/2, a year when you should be open to receive, spirituality and self growth and evolution.
A year ending allows us to reflect back on everything that we experienced.
Accept it all, good or bad, use it to grow, more and more. The year ends, a new one comes.
A new year brings the opportunity to keep on going, at the same time to start all over again.
This time with a new mentality, because now you know whats coming your way.
So open yourself to receiving, that’s the only thing you need to understand.
If you allow yourself to be happy, rich and special, that’s exactly what you will get.
Happy New Year my dear follower. 2018 will definitely be great.
This is Alan Masters your Guide, always wishing you the best.