After Price Correction Ambrosus Is About To Continue Its Move Once Again | AMB Price Prediction 2022


Hi friends hope you are well, and welcome to the new update on AMB coin.

On a weekly time frame, AMB has already broken out a big resistance of a huge down channel.

On a daily time frame, AMB  has formed a broadening wedge pattern and bounced nicely from the support of this wedge pattern. But there is a bearish divergence flashed on the chart, as the priceline is forming a higher high but on the other hand, RSI is setting a lower high than previous high, therefore, in order to continue the move priceline needs to set a higher high soon. Otherwise this time AMB can drop at the support without hitting the resistance of this broadening wedge pattern.


 

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