-Below I broke down the % of gains for scalpers & if going long, then you have an idea the amount of gains to look forward to at each fib line all the way to 100%.
-As long as price remains above blue solid line, then probability we see upside is high, however, if price breaks down from yellow box & support fails at 0% green fib line, then high probability we see more downside.
The amount of % Gains from 11.8% fib line to:
23.6% fib line = 21% profit
38.2% fib line = 47% profit
50% fib line = 68% profit
61.8% fib line = 88% profit
78.6% fib line= 118% profit
100% fib line = 156% profit
Stop Loss: $0.04425
The amount of % loss from Entry to:
Stop Loss = (3.95%) loss
$0.04213 = (9.2%) loss
$0.0400 = (15%) loss
0% fib line = (21%) loss
-If stop loss triggers, then next support would be $0.04213, then the one after that would be $0.04 (right above 0% fib line)
-If support at 0% fib line fails, then very high probability we see more downside, so be careful & know when to cut losses!
Amp Coin Price & Market Data:
-Amp price today at 7pm est. is $0.04594 with a 24-hour tradingof $17,983,458. AMP price is up 0.0% in the last 24 hours. It has a circulating supply of 48 Billion AMP coins and a total supply of 99.4 Billion. If you are looking to buy or sell Amp, Coinbase Exchange is currently the most active exchange.
What is Amp?
-Amp is described as the new digital collateral token offering instant, verifiable assurances for any kind of value transfer. Using Amp, networks like Flexa can quickly and irreversibly secure transactions for a wide variety of asset-related use cases.
How does Amp work?
-Amp claims to offer a straightforward but versatile interface for verifiable collateralization through a system of collateral partitions and collateral managers. Where collateral partitions can be designated to collateralize any account, application, or even transaction, and carry balances which are directly verifiable on the Ethereum blockchain, collateral managers are smart contracts that can lock, release, and redirect collateral in these partitions as needed in order to support value transfer activities. Amp supports a wide variety of use cases for collateralization, and also introduces the concept of predefined partition strategies, which can enable special capabilities such as collateral models through which tokens can be staked without ever leaving their original address.