I expect to reach two lower levels before we'll see some new weekly highs.
The biggest market cap cryptocurrencies will retrace in the coming days, causing a downtrend in other markets like AMPL. This gives us the opportunity to buy AMPL at a lower price and enjoy the ride.
The historical data shows us that the top-100 wallets are still accumulating Ampleforth and therefore not selling their bags.
The price will definitely increase over time thanks to the protocol sooner or later. We can expect a small growth in the comings days, it would be great if it follows the given levels.
Important: Predictions are no guarantees for the future.
As of 2020 July 27, Monday current price of AMPL is $2.776 and our data indicates that the asset price has been in an uptrend for the past 1 year (or since its inception).
Ampleforth has been showing a rising tendency so we believe that similar market segments were very popular in the given time frame.
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This is a strategy that is based around using the general value of the RSI , change in volatility , and buy/sell pressure to determine the trend and then using the Stoch RSI to pick and entry point.
It also uses the RSI to determine a profit taking point or exit point from the trade.
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