Wampl showing reaction to fib levelsFor those unfamiliar with Ampleforth I dont really have the patience to explain it. Essentially its rebase mechanism made it hard to run any sort of technical analysis. Now that we have a wrapped version trading on a very liquid exchange....we can finally start to derive some price analysis from the protocol beyond game theories and market cap.
It seems as if wampl is reacting to fib levels. Which is extremely interesting considering AMPL's novel supply/demand fluctuations due to rebase. Retracing and pinging off the 0.618 is a very significant indicator. Keep an eye on this one.
