$AMC: Squeeze Update!
⚡15$ Support confirmed by VPVR node + golden pocket retracement + 200 week sma + 2 trendlines of support (Previous resistance)
⚡MFI breakout could lead to a massive rally
⚡18-20$ resistance confirmed by VPVR node + resistance trendline + 0.5 Fib
⚡23.5$ Ichimoku Cloud resistance
⚡0.236 Fib resistance needs to be broken for bullish price action
⚡Worst case scenario should be 9.45$ (Huge VPVR node) + 7.86 Fib support
⚡Break 34.46$ double bottom (previous support) strong resistance. Once this level is broken a squeeze could occur.
⚡If AMC breaks the 200 week sma i wouldn't expect any significant price action for months
⚡Watch for a spike in volume at these levels
⚡AMC is ready for new ATH once the weekly Ichimoku Cloud resistance is broken (40$)
⚡Options looking bullish, lower price targets are less likely
*WARNING* This thread is not financial advice. I am not a financial advisor.
⚡MFI breakout could lead to a massive rally
⚡18-20$ resistance confirmed by VPVR node + resistance trendline + 0.5 Fib
⚡23.5$ Ichimoku Cloud resistance
⚡0.236 Fib resistance needs to be broken for bullish price action
⚡Worst case scenario should be 9.45$ (Huge VPVR node) + 7.86 Fib support
⚡Break 34.46$ double bottom (previous support) strong resistance. Once this level is broken a squeeze could occur.
⚡If AMC breaks the 200 week sma i wouldn't expect any significant price action for months
⚡Watch for a spike in volume at these levels
⚡AMC is ready for new ATH once the weekly Ichimoku Cloud resistance is broken (40$)
⚡Options looking bullish, lower price targets are less likely
*WARNING* This thread is not financial advice. I am not a financial advisor.
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