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.
This looks ready for some upside
Ampleforth is a cryptocurrency which adjusts its supply based on demand. ...
When demand goes up, the total supply of AMPL increases and when demand goes down its total supply decreases.
Ampleforth in a sentence. This is done to maintain purchasing power regardless of economic pressure (the same “dollar value”)
Buying around 0.000078 - 0.000068
1 - 0.00010
2 - 0.00012
3 - 0.00015
Stop, fixing below the green trend line
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Waiting for your comment, what do you think about this?
This is an interesting one with upside potential that could play out quite rapidly.
Ampleforth is a DeFi play that I found out from Data Dash. Data Dash is the leading cryto Youtuber and has recently been promoting this coin to his hundreds of thousands of followers. This coin went about 8x in just two weeks in July, then pumped 3.5x again after Data Dash...
BUY: Near 0.00006
NEXT SUPPORT: 0.00005
The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a duly licensed professional for investment advice.
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- +80% retracement
- Higher low
- H&S pattern
- MACD going up
- Target points fall together perfectly w the FIB levels
KUCOIN:AMPLBTC is rebounding after its near ATL and going back to the 1$ mark. If the current uptrend continues for the next day or two, we could see an over 100% increase.
BUY: Near 0.00006
NEXT SUPPORT: 0.000045
REALISTIC PROFITS POTENTIAL: 100%
STOP: if price goes below 0.000045