@w1g0, @GoodLadd What's up guys?
0.77 is good for AMPL but the negative rebase can be strong if it keeps that price during several days.
What's your opinion?
Best regards
UnknownUnicorn5829673
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@marcocoscarella, it's the first time I watch this asset with a rebase system. As we speak the underside of the falling wedge is acting as resistance as we dropped below it. Now I'm watching if the momentum of the rebase kicks in to the upside, there's confluence with a bullish divergence on the RSI. Cheers!
marcocoscarella
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@w1g0, The aim of this coin is to be closer to $1. Changing the daily supply. Normally when the price is 0.7-0.9 the rebase is negative (-2-1.5% per day). When it's close to $1 is neutral.
When the price is above 1.05, the rebase is positive, reaching +3% per day around 1.4-1.7.
marcocoscarella
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@w1g0, may I ask you the timing of the raise you are expecting?
UnknownUnicorn5829673
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@marcocoscarella, if I'm well informed the rebase price will be compensated towards 1.009 and the effect will be spread over 10 days so I expect it to go back to the midline in the coming week.
marcocoscarella
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@w1g0, good time to go in?
GoodLadd
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@marcocoscarella, actually forget about ampl rebase make you panic go for prq cake ...
marcocoscarella
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@GoodLadd, rebase doesn't cause me panic. I just think it's better avoid several days of -1.5-2%.