The past week has seen a steady increase in BTC price. While some are predicting an upcoming reversal, there is decent evidence of a continuation.
Looking at the chart, we can observe an ascending triangle pattern forming(represented by the dotted pink line). This pattern formation in the midst of a positive price trend can typically be viewed as an indication of trend continuation. Further in-depth technical analysis results in a similar conclusion.
The bottom chart (The Trend
The first token sale on our new IEO platform, Tokinex, is fast approaching. Following substantial interest leading to an oversubscribed block round, the public token sale for Ampleforth opens in just eight days time.
Ampleforth (AMPL) is an innovative digital asset protocol for ‘smart commodity-money’ with a long term vision to replace central bank money and a unique volatility profile. Interested parties can view an independent, third-party analysis of Ampleforth, with original research conducted by Smith & Crown available here.
Additionally, to find out more about the opportunity, we are giving you a chance to ask the Ampleforth team your questions in an AMA