FORTH ideaYOUR LIKE OR COMMENT IS MY FUEL FOR NEXT ANALYSIS :) IF U HAVE ANY QUESTION REACH ME HERE
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FORTHUSDT
Bullish on The $FORTHThe pump is just a matter of time.
About The Token :
FORTH is Ampleforth’s (AMPL) governance token. FORTH holders can vote on proposed changes to the Ampleforth protocol or delegate their votes to representatives who vote on their behalf.
AMPL is the first-ever rebasing cryptocurrency. Like Bitcoin, AMPL is non-dillutive. Unlike Bitcoin, AMPL can be used to denominate contracts of predictable value. Where AMPL represents an independent currency that functions as a unit of account, FORTH is the governing mechanism that oversees its evolution.
FORTH was launched by the Ampleforth team as a "Day One launch" in conjunction with Coinbase in April of 2021.
FORTH/USDT { AMPLEFORTH GOVERNANCE TOKEN } - BULLISH SETUPANALYSIS 🔎
- FORTH/USDT is consolidating in a symmetrical triangle pattern .
- Price is testing the symmetrical triangle's inclined resistance.
- There's a breakout potential.
BUY ENTRY ⬆️
- Market entry: current market price.
- Stop limit entry: breakout above the symmetrical triangle's inclined resistance.
- Limit entry: test of the symmetrical triangle's inclined support.
TARGETS 🎯
- Horizontal resistance level (@20.950).
- Horizontal resistance level (@24.627).
- Fibonacci extension levels.
SETUP INVALIDATION ❌
- Breakdown below the ascending triangle's inclined support.