Insights Pulse Insights

Sep 5

TRIB: How far from a top? 5-09-22, 19:37

Tribe, a governance token for FEI algorithmic stablecoin, keeps pushing up despite a strong bearish divergence with onchain activity:

Who's pumping? Which holders group is accumulating?

Whales do. Holders from 10K to 10M TRIB:

While the same time small holders are exiting:

We could say that probably TRIBE is somewhere close to a local top.

The trigger for a dump could be the above small holders start fomoing.

It'll will be the last nail in the coffin.

A sharp correction might follow.


Maybe something similar to STG could happen next:


Until then - high risk high reward in TRIB. Can still climb higher. But it doesn't look safe.


Take care.


-----

Disclaimer: The opinions expressed in the post are for general informational purposes only and are not intended to provide specific advice or recommendations for any individual or on any specific security or investment product.

0

Aug 24