FORTH
🆓Ampleforth Governance Token (FORTH) July-3 #FORTH $FORTHFORTH is having a strong rally but the range is too wide, showing that it is quite unsafe and you need to pay attention to its price behavior often. Right now, the $18 zone is an important resistance zone because if it can't break through it it will create a Lower High and it will easily fall sharply in the next few days to the $14 and $12 zones and 10 dollars. But if it can conquer this $18 zone then it will resume the uptrend towards $22 and $28 zone
📈BUY
🔴Buy : 17.6-18.4$ if A. SL if B
📉SELL
🔴Sell : 21.5-22.5$. SL if A
🔴Sell : 27.5-28.5$. SL if A
♻️BACK-UP
🔵Sell : 17.6-18.4$ if B. SL if A
🔵Buy : 13.7-14.3$ if A. SL if B
🔵Buy : 11.7-12.3$. SL if B
🔵Buy : 9.75-10.25$. SL if B
❓Details
🕯Timeframe : 1 Day
📈Red Arrow : Main Direction as BUY and SELL section
📉Blue Arrow : Back-Up Direction as BACK-UP section
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
🅰️A : The Close price of candlestick is Above the zone
🅱️B : The Close price of candlestick is Below the zone
Falling knife or buy the dip? Read this before trading FORTHUSDIf you find the analysis useful, please like and share our ideas with the community. Any feedback and suggestions would help in further improving the analysis!
Quick glance: As of now, FORTH seems to in a downward trend on a narrowing channel.
Market in the last 24hrs
Massive profit booking quick pump was observed after a quick rally in the Ampleforth Governance Token or FORTH. If we look closely, and on a wider horizon, we can see the same cycle happen multiple times on FORTH.
Today’s Trend analysis
The channel pattern is in a downward trend. A breakout on either side should be awaited before jumping on a trade. As of now, it seems to be in a bearish momentum.
Price volatility remained high at approximately 10.5%, with the day's range between $15.741 — $19.528.
Price at the time of publishing: $17.221
FORTH's market cap: $124.85 million
Out of 11 Oscillator indicators, 9 are neutral,1 indicates to a bullish outlook, and 1 is bearish .
Out of 15 Moving average indicators, 11 indicate a bullish outlook, 1 is 'NEUTRAL' and 3 are bearish .
Indicator summary is giving a 'BUY' signal on FORTHUSD .
Volumes have remained high in the past 24 hours.
----------------------------------------------------------------------------------------
The analysis is based on signals from 26 technical indicators, out of which 15 are moving averages and the remaining 11 are oscillators. These indicator values are calculated using 4Hr candles.
Note: Above analysis would hold true if we do not encounter a sudden jump in trade volume .
----------------------------------------------------------------------------------------
Keep supporting:)
-Mudrex
🆓Ampleforth Governance Token (FORTH) May-12 #FORTH $FORTHFORTH is at the ATL point and we can take risk here for targets at 44$ and 60$ zones in this May. But if FORTH keeps losing this 33$ zone, we must sell it and wait for a clearer scenario
📈BUY
-Buy: 32-34$. SL if B
📉SELL
-Sell: 43-45$. SL if A
-Sell: 59-61$. SL if A
❓Details
🕯Timeframe : 8 Hours
📈Red Arrow : Main Direction as BUY & SELL section
📉Blue Arrow : Back-Up Direction as BACK-UP section
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
Upwards pressure is nearForth is relatively new to the crypto world. A governance token for the ampl network with max supply of 15,000,000 and a relatively low market cap at the moment.
Looking at the 4H chart, I've marked the waves of upward and downward pressure. If the pattern continues a wave of upward pressure may be coming next. This would make sense since the price has reached the bottom of the price floor which has been slowly ascending.
if price breaks below the floor next support would be around 33.70 and then 33.35. I think FORTH can retest the $44 point again and consolidate around $37 - $40 range.
after a period of consolidation I expect FORTH to have a major growth to upwards of $175 or more. This could take several months, or it could only take days. Hard to tell. There could definitely be unexpected moves due to BTC price movements. But I think moves due to BTC would be quickly compensated for.
These are my best assessments of the chart.. not financial advise.. just observations.
Forth to $90 and wayyyy beyondForth forming a W pattern. Question of time before it breaks out; could be still this month or next month.
Retest of ATH at $90 and then sky is the limit. It could reach several hundreds of dollars mid/long term (think AAVE, COMP) . 15 mil market cap for this governance token to AMPL, which IMO, is one of the most innovative cryptos and a genius way to view & handle "money", since BTC. DYOR. The FORTH / AMPLE is technology that has the potential to change the world.
Not financial advise. I just look at things. MAY WE ALL MANIFEST LOTS OF WEALTH!
FORTH ABSOULTE BOTTOM !!Forth looks amazing with a beautiful falling wedge on 4h
Could see a 50% move IMO.
FORTH / AMPLEFORTH IS NOW TRADING ON COINBASE ! ! ! 🔔🔔🔔Welcome back Traders, Investors, and Community!
If you LIKE this analysis, Please support our page by hitting the LIKE 👍 button
Traders, if you like this idea or have your own opinion about it, please write your own in the comment box . We will be glad for this.
Have a Good trading day!