Olympus needs the distribution phase in the middle of the A wavebutterfly harmonic pattern:
X=$91
AB=0.78 XA
BC=0.88 AB
0.78 4-5=$262
0.88 4-5=$212
0.78 X-3=$164
0.88 X-3=$125
1.13 X-3=$64
1.6 4-5=$45
1.27 X-3=$43
2 4-5=$20
1.6 X-3=$16.5
2.24 4-5=$12
Rebase
What is Olympus?Olympus is an algorithmic currency protocol based on the OHM token. It introduces unique economic and game-theoretic dynamics into the market through asset backing and protocol controlled value.
How can I benefit from Olympus?
The main benefit for stakers comes from supply growth. The protocol mints new OHM tokens from the treasury, the majority of which are distributed to the stakers. Thus, the gain for stakers will come from their auto-compounding balances, though price exposure remains an important consideration. That is, if the increase in token balance outpaces the potential drop in price (due to inflation), stakers would make a profit.
The main benefit for bonders comes from price consistency. Bonders commit a capital upfront and are promised a fixed return at a set point in time; that return is in OHM and thus the bonder's profit would depend on OHM price when the bond matures. Bonders benefit from a rising or static OHM price.
Want more info? here!
...brutal.
AMPL contraction periodAfter month of supply expansion there should be month of contraction. Adding to position is not wise yet due to negative rebases, patience is the key. I guess the minimum total market cap in this period will be around 320mil in the middle of august.
The Ampleforth (AMPL) price is following a trendImportant: 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.
The demand is still increasing hence the uptrend in price. The rebase produces small dumps of 7 - 14% which can be seen on the chart. If you trade this token at given levels and sell the number of tokens right after the dump created by the rebase you should be in profit.
