![]() AMP, though, is the only one among those that Binance US provides access to. The financial regulator named nine tokens in total that classify as such. The decision comes as a result of the US Securities and Exchange Commission’s recent insider-trading case, which identified the asset as a security. Investing in or trading crypto assets comes with a risk of financial loss.The American subsidiary of the world’s leading cryptocurrency exchange – Binance US – disclosed it will no longer support the Amp token (AMP) on its platform. ![]() The views and opinions stated by the author, or any people named in this article, are for informational ideas only, and they do not establish the financial, investment, or other advice. It remains to see if the token breaks on the upside or bears trample the price down. The investor should be cautious until the token breaks out on either side. The technical parameters are also suggesting bullish momentum for the upcoming trading days. The RSI curve has also gone past the 20 SMA, indicating a bullish momentum for the upcoming trading days.Īs per the price action, AMP token price is forming a falling wedge bullish chart pattern. The RSI curve is nearing the 50 halfway mark, and thus once it crosses the 50 mark, the token can be seen moving up, possibly giving a breakout of the falling wedge pattern. ![]() Relative Strength Indicator: RSI is trading at 37.33 as the token forms a bullish reversal pattern. RSI and ADX are showing bullish signs on the daily time frame Until then, an investor should remain cautious. If the token price breaks out of the red supertrend indicator line, the indicator can be seen giving a buy signal. The sell signal from the indicator is still intact as it broke down the supertrend buy line with a strong bearish candlestick pattern. Supertrend: Recent bullishness in the cryptocurrency market has not affected the super trend indicator. It is possibly making new highs if the momentum continues. If the token breaks out of the green trendline, it can reach $0.24 and above. The buyer’s (blue) signal line crossed the seller’s (orange) upside. Moving Average Convergence Divergence (Bullish): MACD indicates a bullish trend on the daily time frame as it gave a positive crossover. As a result, it started trading in a smaller range which led to consolidation inside the falling wedge pattern on a daily time frame. But recently, the token managed to stay above the previous low despite the selling pressure of the supply zone. Volumes have decreased, and thus momentum on any side will continue for a long time due to less volatility.ĪMP token price is forming a falling wedge pattern on daily time FrameĪMP token price was falling from the past trading days, forming lower lows. The Bollinger band’s range has become narrow, indicating an impulsive move in the upcoming trading days. The token is currently trading at the upper band of the Bollinger band indicator. Currently, the token is trading below all the crucial Exponential Moving Average (21, 50, 100) and could face rejection moving upwards.AMP token price has been trading in a small range from past trading weeks, and thus breakout on either side will trigger the big move. But if the token breaks the demand zone, it can fall rapidly. At present, the token is resting at a long-term demand zone on the weekly time frame, and thus it can bounce off the demand zone if the bulls support, and as a result, the token can be seen moving upside. The token forms higher low and higher high formation on a daily time frame. AMP token price is in an uptrend daily and it has also broken out of the long-term supply zone.AMP token price is trading above the Supply zone of $0.02428 on a daily time frame.
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