Technical analysis by noam_chom about Symbol AMP: Buy recommendation (12/11/2023)

Amp is an Ethereum token that aims to “collateralize payments on the Flexa Network, making them instant and secure.” If a BTC or ETH payment fails due to unconfirmed or long transaction times “the Amp collateral can instead be liquidated to cover losses” while the vendor receives payment in fiat, potentially providing greater assurances to both parties. The Risk: Reward looks very good for bullish reversal out of the extreme bear channel. Be disciplined and take profit whenever the Beta to Alpha pump has completedComment: still sideways under consolidation. waiting for BTC-USD to signal next directionComment: clean bullish exit from my extreme bear channel analysis, now lets get ready to start counting the bull cycle featuresComment: nice move to begin the BETA wave upComment: beta consolidation continuesComment: BETA cycle nearing completion, get ready for Alpha cycle to beginComment: Alpha cycle target should be lower than original plan because the Beta cycle retraced to support lows. New Alpha target is 0.004000-0.005000 (100-150% return)Comment: original idea invalidated, beta alpha cycle was compressed rather than expanded. who knows where the bottom is now. BTC needs to reclaim 30k for AMP to do anything positiveComment: uptrend is close to exhaustion I think, try and sell at 0.00600 if it pushes that much higher