You should consider whether you understand how an investment works and whether you can afford to take the high risk of losing your money.Ĭryptocurrencies can fluctuate widely in prices and are, therefore, not appropriate for all investors. Each investment is unique and involves unique risks.ĬFDs and other derivatives are complex instruments and come with a high risk of losing money rapidly due to leverage. contracts for difference (“CFDs”) is speculative and carries a high level of risk. Risk Warning: Investing in digital currencies, stocks, shares and other securities, commodities, currencies and other derivative investment products (e.g. A hyperlink to or positive reference to or review of a broker or exchange should not be understood to be an endorsement of that broker or exchange’s products or services. Notwithstanding any such relationship, no responsibility is accepted for the conduct of any third party nor the content or functionality of their websites or applications. We may receive financial compensation from these third parties. Please be aware that some of the links on this site will direct you to the websites of third parties, some of whom are marketing affiliates and/or business partners of this site and/or its owners, operators and affiliates. Therefore, with other coins like Bitcoin and ETH retreating, there is a likelihood that Amp will also decline and retest the support at $0.0060. The only difference is that volume has started moving downwards. Like in the daily chart, the token remains above all moving averages. It has managed to cross several levels, including the resistance point at $0.0053 and $0.0059, the highest points on Feb 8 and Jan 7, respectively. On the four-hour chart, we see that the Amp price has been in a bullish trend as well. However, a drop below the support at $0.0060 will invalidate the bullish view. If this happens, the next level to watch will be at $0.008. Therefore, I suspect that Amp has some more upside to go. Notably, these gains are happening at a period of high volume. The coin has also jumped above the psychological level at $0.0050.įurther, it has moved above the 25-day and 50-day moving averages while oscillators like the Relative Strength Index (RSI) and the MACD have kept rising. It has managed to move above the key resistance level at $0.0059, the highest point on January 17th. The daily chart shows that the Amp crypto price has made a strong recovery in the past few days. “The Tokens are also securities under the Martin Act because they represent investments of money in common enterprises with profits to be derived primarily from the efforts of others.” Amp price prediction (daily chart) In a statement, New York’s attorney general said that the company offered securities in its platform. The most relevant is the decision by New York prosecutors to sue CoinEx, a small crypto exchange. There have been no major Amp-related news in the past few days. For starters, Amp is a blockchain that helps people provide collateral of their assets in a relatively easy process. On-chain metrics show that the number of people using and holding Amp was relatively negligible. It is unclear why Amp token is rising even as its on-chain metrics continue deteriorating. Like most crypto tokens, it has jumped by more than 121% from the lowest level last year. It rose to a high of $0.0067, the highest point since September 11 last year. Amp price bullish momentum continued on Thursday as the bullish momentum continued.
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