filipbronola
Long

Price outpacing momentum and MACD, sell pressure unsustainable

KUCOIN:AMPLUSDT   Ampleforth / Tether
As the previous quick divergence finding TA showed that the positive momentum was unsustainable, we can now see that neither is the sell off. With this coin being in it's early stages with immature price volatility , I believe we will be seeing lots of gigantic trade opportunities until the price begins to oscillate around a fair value. Ampleforth may be one of those once in a lifetime opportunities where you can get make large gains quickly due to it's volatility and technical (literally the code that governs it) nature. The rebase feature of AMPL is being used by market makers to make these giant moves. Watch for divergences. Buy at lows. Sell at bearish divergences and support/resistance levels. Although be careful, as resistance levels are often shot past quickly, with TA favoring hidden divergences as selling/buying indicators.

Comments

very nice idea +
+1 Reply
Beehive v2 geyser release next week will make this 10x
+1 Reply
filipbronola Mr_Clean_777
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Jasebass Mr_Clean_777
@Mr_Clean_777, whats beehive geyser?
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very good analysis as always. This coin is one of the best for traders.
+1 Reply
@JaBoR85, Yeah it's great for trading if you can time it right. I highly recommend you read about when and how much the coin rebases to really get an understanding of what's going on.
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JaBoR85 filipbronola
@filipbronola, yes, i understand the tokenonmics of this coin. Currently there are lots of clones such as based, Rampl, Ympl... all scams.
I think this crypto will be within the top 10 by end of year. The idea is brilliant and solves the hyperinflation providing liquidity to investors.
+1 Reply
@JaBoR85, Yeah for sure. I think for the time being however, it's just more important to be getting in and out while the volatility is high as opposed to long term holding. Although I suppose, someone could experiment to see how much value it stores by buying a small amount of ample, not touching it, and then coming back a few months later to see its value.
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