Alikze »» FORTH | Descending channel🔍 Technical analysis: Descending channel
- The 4H frame time is moving in a descending channel.
- Currently, in a limited range, the rangeing of a corporate pattern can have a downward refinement by testing the area.
- Therefore, if it is exposed to a sales pressure after colliding with a dynamic trigger and the range of sale, it can have a 273 and green box.
💎 Alternative scenario: If it can defeat the red box and the dynamic trigger, it can test the decline channel roof.
🛑 Resistance range: 3.22 - 3.32
🟩 Support range: 2.54-2.64
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Ampleforth
AMPLIn the daily time, it is in a strong support zone. In my opinion, it is more suitable to buy the green box until it breaks the above lines.
$Amp gearing up for a 40%-70% move?I've been watching this chart for a month waiting for it to bottom and to me it looks like we're finally seeing a bottom form.
I took a half position at $.00355 and was waiting for my other entry to get filled at $.00337. The second one never got filled. Now we've had a higher low form and a strong reaction which leads me to believe the bottom could be in.
I've since pulled my second entry as it's less likely now that we see price get back down to that level and am seeing if it'll get filled around $.00370.
Regardless, I think $AMP is heading higher here. I've marked off 3 potential resistance levels, however, I think we see a move to the $.006 range. Leaning towards one of the two top resistances as the place to exit this trade.
Let's see how it plays out over the next week or two.
FORTH forming bullish Gartley for upto 15% pumpHi dear friends, hope you are well and welcome to the new trade setup of Ampleforth Governance Token with US Dollar pair.
On a 4-hr time frame, FORTH is about to complete a bullish Gartley pattern.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
$AMP time for the last leg? 150%+ upside potential?If you look at the chart, Amp looks to have already formed two legs higher. From a chart standpoint, it looks very similar to $ACH before it made it's 168% gain higher for it's last leg.
I think AMP could potentially make the same move over the coming weeks.
Support needs to hold here, but if it does, and it can surpass it's last high, then I think this idea would be valid and we can see 150%+ gains from these levels.
I've marked off some key resistances, but the ideas is that $AMP should be able to get to the top of the range.
Let's see if it plays out.
Spot vs Ampl
Will be interesting to see how these two will attract towards same price over time.
Current target price is CPI $1.14 for both $ampl and $spot
Ampleforth Has Grown A Massive 769% Since November 2021This week Ampleforth (AMPLBTC) broke weekly above a new resistance to hit its highest price/level since October 2020.
A long-term double bottom pattern was formed for this pair in 2021 followed by a very strong bull-market.
AMPLBTCs bull market is reaching its climax.
From its Nov. 2021 low, so far we have over 760% of growth.
Additional resistance levels are mapped on the chart.
We are not making any predictions here, just sharing what has been happening with this pair.
Thank you for reading.
Namaste.
FORTHUSDT(Ampleforth) Daily tf Range Updated till 29-07-22FORTHUSDT(Ampleforth) Daily timeframe range. lately btc dominance helped a lot of alt to move freely. lot of money flown into here and there. it created a opportunity for mid and big buyers to buy through consolidation and profit out of move like 29 july 2022. and thats some insanely profitable move. but move like this always comes with a price if position isnt right there are change of getting trapped in a huge wick. and there are lot those in this chart. there are good amount of out of place moves and good difference in its range space. that came from the slow bleeding it had in past. its a high risk and reward alt, need to trade carefully.
🆓Ampleforth Governance Token (FORTH) Apr-01 #FORTH $FORTH
FORTH is still trying to hold on to the $7 zone and waiting for a strong buying force like early February to advance to the $10 and $12 zones this April. However, if it loses this $7 zone, it will quickly fall to the $6 or even $5 zone and we can accumulate FORTH in these zones for long-term
📈RED PLAN
♻️Condition : If 1-Day closes ABOVE 7$ zone
🔴Buy : 7
🔴Sell : 8.5 - 10 - 12
📉BLUE PLAN
♻️Condition : If 1-Day closes BELOW 7$ zone
🔵Sell : 7
🔵Buy : 6 - 5
❓Details
📈Red Arrow : Main Direction as RED PLAN
📉Blue Arrow : Back-Up Direction as BLUE PLAN
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
FORTH formed bullish Gartley for upto 20% pumpHi dear friends, hope you are well and welcome to the new trade setup of Ampleforth Governance Token ( FORTH ) with BTC pair.
On a 12-hr time frame FORTH has formed bullish Gartley pattern.
Potential BreakoutDCA'd my original entry around $8.90 down to $5.64 over the last two weeks. Considering I'm up nearly 90%, I've taken quite a bit off of the table. Profits here today aren't always here to stay, especially in a governance token.
Waiting to see if we truly break this downward trend line + the box. I MIGHT re-enter if we flip this box as support.
Trading 101 | How To Be A Successful Trader In 300Words +3 StepsWe have a massive bullish breakout from a falling wedge for the FORTHBTC pair.
This is a strong one.
Green by 150% in 2 days... Yes, the Altcoins are going bullish or at least getting started as I warned just days ago.
This is not over.
This is not all.
We are not there yet.
There can be strong shakeouts within the Altcoins markets and will happen but the bigger picture needs to be kept in mind.
It doesn't matter if prices go up or down on many pairs at the same time, what really matters is that you follow your plan.
If prices drop and your stop-loss is not hit, what is the problem?
If prices drop and your stop-loss is hit, what is the problem?
If the stop-loss is hit you close the trade at a loss and move on.
If the stop-loss isn't hit you simply wait and act according to what you planned before buying into any trade.
Anything other than bearish/drop, we simply wait.
We set the sell orders on target BEFORE HAND... Collect the profits when the targets are met.
When the market is green/growing, when the markets go up your capital/balance will grow even if you make mistakes.
When the market is green everything goes green.
When the market is down/red, your capital MUST go down as well regardless of what you do.
If you want to exit the market, then you are in the market no more.
We buy low, we sell high and then we wait if the correction period is too strong.
That's it.
That's all.
Namaste.
AMP relief bounce to $.057? $AMP seems to have found a short term bottom at .0377.
I've entered a position at $.038 looking for a bounce to $.057. It likely won't get there in one quick move though. I'm looking for price to test the $.045 range as resistance and then retest this range at $.038ish as support before seeing the move up to $.057. If that plays out, it would provide some nice trading gains while waiting for the full move up to test the 50% retracement at $.057.
R/R 50% upside with risk of .8% putting a stop before that local low.
Let's see how it plays out over the coming weeks.
Meh, why not? Forth could keep tanking, sure. But we're at the bottom of the band with a decent-looking bullish divergence on the daily RSI. Might as well throw some shekels at it and sit back.
Enjoy the show, and don't invest more than you can afford to lose. And def don't take advice from randos online, including me.