Amp (AMP)

ethereum:0xff20817765cb7f73d4bde2e66e067e58d11095c2

Looks like we'll have a new trend forced into play in the coming weeks ahead. This smaller descending wedge is nearing its end. That does *not* mean that all of a sudden this will catapult to Valhalla; it just means that it'll have to move either above or below this area and will most likely start a new channel/trend. 50DMA is not far above, nor is the track line on the Daily. One thing to note though is this new B/R combo printing. It hasn't stuck quite yet, but something to watch, especially if it's a precursor to the trend shift in the coming weeks.

$amp

Still the same setup as the last few years: smaller structure inside a larger structure. The key areas to watch for above and below are still the same.

As time goes on, however, this smaller wedge will need to break inside the larger one. By the end of July, this smaller structure will have to break and create a new trend. The RSI has been horrendous and way oversold, but capitulation is what happens when you hit peak bear market levels. All in all, we just have to continue watching the above and below breaking points. This smaller wedge has been here since last January 2025.