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$amp is still following that same framework I laid out years ago. Still following that lower support band. Once again.. nothing's changed. The Weekly does have some new blood on last week's close -- something to watch: another local bottom has tapped the same 'baseline' inside the channel and marked a bullish divergence in the process. As always, nothing to get excited about yet unless we get either a confirmed local bottom on this week's PA, or a reaction off of these lows.
Daily is still riding the base support, as well, but take note of the bullish reversal off of that tap. Ultimately, it's fairly noticeable how important this slope is for $amp.
Yes.. the headlines suck right now. The environment sucks for most of crypto. All eyes still on the Strait of Hormuz and this war. The same catalysts are what we're waiting for.