Following a trade for 70 ETH > 81,000 AMPL on UniV2, Ampleforth spikes to levels not seen since February.
The 24 hr trading volume on Uniswap remains high, at $10,680,148. Univ2 holds $10,903,613 in liquidity on the AMPLETH pair.
Ampleforth is an ERC-20 protocol that seeks to build a 'better bitcoin' by creating a ledger system with an elastic supply model.
As...
Given ETH's fundamentals, it appears we are near the bottom of the correction that began in May.
Regulatory FUD appears to be the only thing that could derail this, as the market seems to have found it's bottom.
I am looking for a final entry point below $2000 USD prior to the resumption of the uptrend.
Watching for the ascending triangle to further develop over the next 3-5 days, in which case I will look for another volatile move up or down. Excited to revisit this idea over the next several days to see if the ascending triangle does fully develop or if the pattern will be broken before it completes.
Monitoring the consolidation of ETH looking for a breakout of the downward trend. A U-shaped recovery has been my expectation since the price fell below 4K. Without any fundamental analysis, I would expect the downtrend to continue and lower lows to be found before recovery. However, with the expectation of EIP-1559 going live on mainnet on August 4th, I am...
Simple support/resistance lines noted using horizontal rays.
Would look to sell near the high of the upper range and buy near the low of the lower range.
