This article is purely based on Chart analysis for Ampleforth, with future trend forecast.

Fig 1.1 (Present Analysis)

Fig1.2 (Future Forecast)

The initial Market cap for Amplforth as of June 2020 was $7.8 million. Today, it has skyrocketed to $211,686,269 million USD  indicating a exponential positive rise.

For the past 40 weeks the price of ampleforth has been maintained within the range of $1.72 USD - $0.771371 USD ( This indicates a coin with less volatility unlike other coins)

As of the moment the chart for Ampleforth shows an optimistic bullish trend on a 4hrs time frame with a crossover stochastic indicating a strong uptrend in the coming days (2021).

We can also see from the chart a clear zone of support which hasn't been broken for more than 40 weeks now, support line S1 (at $0.737) which hasn't been broken for more than 40 weeks now,

And also there are three clear known resistant zones R1(at $1.1185) R2(at $1.3997) and R3($2.2303) Respectively.

In Fig 1.1, After a previous Successful Bearish trend D1 (from $1.7095 - $ 0.7844), there is a crossing over of the 20 EMA over the 50 EMA and( C ) in confluence with an uptrend crossover of the stochastic in a 4hours time frame both of which indicates a potential uptrend (U1) which tends to extend towards the R1 resistance zone.

The U1 if it breaks across the R1 zone it will tend to move vigorously towards the R2 resistance zone. (This will occur around 2nd week of January).

But note if the U1 isn't able to break pass the R1 zone, it will tend to pull down towards the S1 support zone at B1 (Bearish)

NB: This S1 zone hasn't been broken for more than 40weeks now so this means that it is a clear strong support zone,

Therefore from B1 point there will be a strong upwards pull towards the R1 zone and this time will tend to break through the R1 zone.

Fig1.2 indicates that January of 2021 will be phenomenal because if the U1 breaks through the R1 Zone and approaches the R2 zone, there will surely be a very strong resistance pull which will tend to push the trend downwards( Bearish) towards the R1 zone but not below it, this in turn will change the R1 from from a resistance zone R1 into a support zone S2.

From the S2 point( Formerly R1) a strong bullish force will tend to push the U2 towards the R2 resistance zone and this time, it will break through this resistance zone, But the U2 won't go far before a bearish force will tend to pull the U2 downwards, either towards the R2 zone at B2 or back to the S2 zone at B3.

But Do not tremble because either from the B2 or B3 a bullish force will push the trend to U3 and U4 Respectively and it will break pass the R2 zone and now will tend to Approach the R3 zone.

Based On the my extensive overall analysis of Ampleforth I strongly believe that early 2021 will witness a strong bullish trend.

Here is the link to view and monitor Your Ampleforth (Trading view )

.                   CONCLUSION 

Ampleforth an Ethereum Based (ERC-20) protocol Defi, with a Rebasing capability will surely experience and exponential growth in the coming days of 2021.

NB; As an Trader or an investor or a novice, I think you should be EXTRA careful when dealing with Ampleforth, the article above is based on my personal analysis you may need to verify from other sources (Disclaimer)

This is not an investment advice but rather my own perspective for Ampleforth analysis next year.
Be careful!!!

•Ahanonu publications 2020•

#ELI5AMPL #AMPLAnalysts 

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