filipbronola

Unsustainable short term

Short
filipbronola Updated   
KUCOIN:AMPLUSDT   Ampleforth / Tether
Regardless of how much the rebase function allows for this coin to make these really massive pumps, it will dump really hard in the short term as we've seen before, regardless of how much higher it might go. We're seeing strong bearish divergences stacking up right now as well with the volume and RSI moving away from the price, Higher highs on price, lower highs on RSI and decreasing volume. Those who benefited from the rebase 'inflation' will soon be cashing out big on the system.
Comment:
And there it goes! Let's see if we find support at $1.35
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