This is a tricky one. Price action has broken through the 21-week EMA (green line) to find support after months of resistance, gains are almost certain. I say it’s a tricky cause holding this token means you’re exposed to daily rebalancing of token supply. A positive return in only guaranteed if market capital / demand is increasing rather than token price.
Trade active
⋅
up 20% in 10-days not bad given the circumstances.
Higher lows continue = stay long.
Comment
⋅
Now 55% - gotta love that 21-week EMA
Comment
⋅
**Swing trade opportunity**
Price action up over 100% in 15 short days. A 'great sell' signal is now showing. Yes price action may continue to increase, however it is with low probability.
Also notice price action is outside the Bollinger Band. 95% of all price action trades inside the band with the mean tested as support, which is currently 35% below.
Comment
⋅
Talk about timing it...
Trade closed manually
⋅
Multiple bearish divergencies building up on this pair, might be time to rotate back into BTC, which kinda of makes since considering the oversold state.
Comment
⋅
In fact here is the AMPL / ETH pair, overbought and now printing a conditional 'great sell' alert
Looks maybe like some rounding here starting to form with also now some recent support established. Could be good.
without_worries
⋅
@MPH_, Agreed - although I remain baffled by the idea my holding balance should change every 24 hours. Long positions in this token must be held for months, probably not ideal for swing traders.