filipbronola

Price outpacing momentum and MACD, sell pressure unsustainable

Long
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.
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