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.
▶️ 3Speak