AME/USDT volatility: analysis & prediction

[dragononcrypto]

The price chart was looking really good after finding support from the 0.236 retracement, but then it got rejected by the 0.618 fib, the anticipated retracement level 



It looks like price will need to hold the $0.04 level again, otherwise I'd imagine price will retrace back down to 1 cent again 

I also have no idea how this looks against BTC or ETH, but I imagine not as good.

[MrSpasybo]

Amazing, AMEUSDT chart on TradingView? Please give us link to follow! I tried finding but did not find out it.
To my surprise, AME's rally was beaten so quickly, rise from 6 cents to 12 cents in just 1 day and back to 5.5 cents.
As you said, AME price is in danger of falling to Fibo 0.236 ~ 4 cents.
However I expect this to be a good enough support for AME price to reverse and then rise to the new ATH ~ 18.5 cents.

[dragononcrypto]

Amazing, AMEUSDT chart on TradingView? Please give us link to follow! I tried finding but did not find out it.

Not tradingview no, but the Bithump integrated version of it 
https://www.bithumb.pro/en-us/spot/trade?q=AME-USDT

To my surprise, AME's rally was beaten so quickly, rise from 6 cents to 12 cents in just 1 day and back to 5.5 cents.
As you said, AME price is in danger of falling to Fibo 0.236 ~ 4 cents.
However I expect this to be a good enough support for AME price to reverse and then rise to the new ATH ~ 18.5 cents.

I feel like 4 cents is inevitable, the question to me is whether it holds it or not. As someone who doesn't trade ALTS/USD, any sign of weakness against fiat to me suggests it's already broken down against BTC/ETH. At least based on basic CMC chart, it's broken below it's opening price now which is the last thing you want to see in my opinion.

I guess I'm just not as optimistic as you are, but here's a grain of hopium for you:



Best hope would be forming a symmetrical triangle, though far from confirmed. I also never draw from the wicks, as I quite simply don't believe in it, if it's drawn from the candle bodies, it's already breaking down. Hence very subjective. Conflicting indicators too, CMF rising, MACD bear crossing 

The random orange dash represents the average price of trading since it started (88 days worth) so staying above this better than below I guess. At least it lines up with the 4 cent level, but forming a descending triangle structure doesn't signal hope to me either to be honest (lower highs, horizontal support).

Good news: Amepay got listed on Gate.io the other day. Bad news: This is the reason for the pump 3 days ago, due to low liquidity no doubt, so it's not reflective of buying pressure at all. It's good that Gate has taken most of the volume now, it's just a shame the volume is so insignificant.

I never trust anything coin with such low volume personally, I'm always the pessimist though 

[Damrai5$]

The price of this token has increased so much since the announcement was made to AMEPAY Telegram Group. Although there is mention of Binance Exchange, it is not listed in Binance Exchange, but there will be a list of major exchanges in the future. The future of this token is very good, it would be better to hold it at this time.

[MrSpasybo]

Not tradingview no, but the Bithump integrated version of it 
https://www.bithumb.pro/en-us/spot/trade?q=AME-USDT

I feel like 4 cents is inevitable, the question to me is whether it holds it or not. As someone who doesn't trade ALTS/USD, any sign of weakness against fiat to me suggests it's already broken down against BTC/ETH. At least based on basic CMC chart, it's broken below it's opening price now which is the last thing you want to see in my opinion.

Best hope would be forming a symmetrical triangle, though far from confirmed. I also never draw from the wicks, as I quite simply don't believe in it, if it's drawn from the candle bodies, it's already breaking down. Hence very subjective. Conflicting indicators too, CMF rising, MACD bear crossing 

The random orange dash represents the average price of trading since it started (88 days worth) so staying above this better than below I guess. At least it lines up with the 4 cent level, but forming a descending triangle structure doesn't signal hope to me either to be honest (lower highs, horizontal support).

Good news: Amepay got listed on Gate.io the other day. Bad news: This is the reason for the pump 3 days ago, due to low liquidity no doubt, so it's not reflective of buying pressure at all. It's good that Gate has taken most of the volume now, it's just a shame the volume is so insignificant.

I never trust anything coin with such low volume personally, I'm always the pessimist though 

AME is still a new token and it takes time to reach a large trading volume. We now have to accept large price swings, dominated by positive/negative news.
Unfortunately, AMEPAY team is making things complicated. They are professional in technology but less professional in communication & community management. The delayed Bounty rewards distribution has also created dissatisfaction.
I still expect a rally in AME price when touch Fibo 0.236 ~ 4 cent. MACD shows that AME price is really hard to guess ^^
Thank you for the chart on Bithumb, it helped me a lot in following AME price.
Hope TradingView will soon have chart for AME. This will make it easier for community to access AME.

[Lanirex]

A few days ago the price of AME had risen to the price of $0.12 and this was used by many AME holders to sell their coins. They were tired of waiting for the AME price to rise high. Even today I see that the AME price has dropped considerably to $0.06.  It's really boring to see the AME price change, go up for a while then drop again for a long time. I actually hope that AME can become a coin that provides high returns, but if you see the price changes in the past few months I am hesitant to hold AME.

[Rafiq]

The price of this token has increased so much since the announcement was made to AMEPAY Telegram Group. Although there is mention of Binance Exchange, it is not listed in Binance Exchange, but there will be a list of major exchanges in the future. The future of this token is very good, it would be better to hold it at this time.

I agree with you. I am very optimistic about AMEPAY, it is a potential token. Although it is not listed on Binance, I believe it will be listed on major exchanges in the future. Even today, the price of AME has risen 26% and is above 7 cents; Hopefully it will reach $0.5 soon.

[MrSpasybo]

It can be seen that the evaluation of the support line of President DragonOnCrypto is quite accurate, AME price bounced as soon as it touched the ~ 5 cents trend line.
This ensures that AME prices are still in a long-term uptrend instead of collapsing to 2 cents.

AMEPAY team announced that they are preparing to release very good news to community. We should continue to monitor the project's self-development. The uptrend of the Altcoin season is still going extremely strong, I believe AME will not stand out from this trend.

[Tamsialu$$]

The future of AMEPAY tokens is very good. But the price was very low when this token was first distributed. The price of this token has pumped up so much since then that the Telegram Group has been told to give a binance announcement. I believe that if there is no list in the exchange, there is a possibility of a good type of exchanger list. Then maybe the price of this token will be $0.5.

[Seerge]

I hope so too, because I also have this token in my exchange wallet. Actually I also believe AME is a good coin, that's why I invested in this coin. But unfortunately I bought this AME, the price is still above the current price, so I really hope the AME price can go up even higher, so that my asset value will return.

[mahid]

This token was not noticed by anyone at first but later everyone regretted it and I am one of them especially those who are sold their token early .The way it has declined since the bounty payment was made, it seemed that it could no longer turn around. But later it retained a reliable position.

[Magepai]

This is why the future of AMEPAY token is very good but the price of this token has increased so much. There is a possibility of listing a large exchange in the future, so the price of this token has been seen - increased further. When AMEPAY is listed on a large exchange, the price will increase several times.

[Freemind]

@Magepai unfortunately, we don't know when AME will enter a big exchange. The price of a coin/token does not always skyrocket when entering a large exchange, sometimes the opposite happens depending on the future plans of the #DevelopmentTeam , for that you still have to wait a bit, because at the moment AME is not very clear about their plans, or at least they are not clear about their roadmap.

[Zed0X]

Last time I check any Amepay announcement, it was the application for the Binance listing. I don't remember them saying they will be listed. I knew then that the announcement will disappoint a lot of speculators sooner or later.

Can we also point out one of the main reason why it pumped? I bet it was because people wanted a share of the 150% APR and bought 100K AME which is the required amount to be eligible. After the big stakers got their rewards, what do you think they will do? Dump it of course.

[Freemind]

Correct @Zed0X, the false promises (or a deep ignorance of the ecosystem) made by the moderators of the Telegram group were the cause of the AME dump. It seems that those moderators don't know what the NDA clauses that are always present in Binance contracts mean. That was the main cause of the AME dump a few weeks ago. Investors who have received their stakes are now also selling.