Ampleforth / BTC

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.

İşlem aktif:

up 20% in 10-days not bad given the circumstances.

Higher lows continue = stay long.

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Now 55% - gotta love that 21-week EMA

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**Swing trade opportunity**

Price action up over 100% in 15 short days. A 'great sell' signal is now showing. Yes price action may continue to increase, however it is with low probability.

Also notice price action is outside the Bollinger Band. 95% of all price action trades inside the band with the mean tested as support, which is currently 35% below.

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Talk about timing it...

İşlem elle kapatılmış:

Multiple bearish divergencies building up on this pair, might be time to rotate back into BTC, which kinda of makes since considering the oversold state.

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In fact here is the AMPL / ETH pair, overbought and now printing a conditional 'great sell' alert