AMPLEFORTH GOVERNANCE TOKEN - FORTH/USD - Daily - Technical analysis published on 09/08/2022 (GMT)
- 124
- 0
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Bullish
Technical indicators
44%
28%
28%
My opinion
Bullish above 4.40 USD
My targets
5.27 USD (+4.77%)
5.87 USD (+16.70%)
My analysis
A bullish trend on AMPLEFORTH GOVERNANCE TOKEN - FORTH/USD both in substance and in the short term. A purchase could be considered as long as the price remains above 4.40 USD. Each resistance break is a strong signal that the current trend will continue. The first bullish objective would be 5.27 USD. Then the price could move towards 5.87 USD. Then 7.31 USD by extension. Be careful, a return below 4.40 USD would be a sign of the trend weakening and a possible correction phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend could be riskier.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
4.8
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The AMPLEFORTH GOVERNANCE TOKEN - FORTH/USD rating is 5.03 USD. On the day, this instrument gained +10.55% and was traded between 4.52 USD and 5.29 USD over the period. The price is currently at +11.28% from its lowest and -4.91% from its highest.4.52
5.29
5.03
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
Technical analysis of this Daily chart of AMPLEFORTH GOVERNANCE TOKEN - FORTH/USD indicates that the overall trend is bullish. The signals given by moving averages are 78.57% bullish. This bullish trend is slowing down slightly given the slightly bullish signals of short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : Daily
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator: bullish divergence
Type : Bullish
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Daily
RSI indicator is back over 50
Type : Bullish
Timeframe : Daily
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near support of channel
Type : Bullish
Timeframe : Daily
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 3.62 | 4.40 | 4.92 | 5.03 | 5.87 | 7.31 | 8.00 |
| Change (%) | -28.03% | -12.52% | -2.19% | - | +16.70% | +45.33% | +59.05% |
| Change | -1.41 | -0.63 | -0.11 | - | +0.84 | +2.28 | +2.97 |
| Level | Minor | Intermediate | Major | - | Intermediate | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.97 | 4.12 | 4.33 | 4.48 | 4.69 | 4.84 | 5.05 |
| Camarilla | 4.45 | 4.48 | 4.52 | 4.55 | 4.58 | 4.62 | 4.65 |
| Woodie | 4.01 | 4.14 | 4.37 | 4.50 | 4.73 | 4.86 | 5.09 |
| Fibonacci | 4.12 | 4.25 | 4.34 | 4.48 | 4.61 | 4.70 | 4.84 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.10 | 3.84 | 4.35 | 5.09 | 5.60 | 6.34 | 6.85 |
| Camarilla | 4.53 | 4.64 | 4.76 | 4.87 | 4.99 | 5.10 | 5.21 |
| Woodie | 3.00 | 3.78 | 4.25 | 5.03 | 5.50 | 6.28 | 6.75 |
| Fibonacci | 3.84 | 4.31 | 4.61 | 5.09 | 5.56 | 5.86 | 6.34 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.65 | 3.02 | 3.90 | 5.27 | 6.15 | 7.52 | 8.40 |
| Camarilla | 4.16 | 4.37 | 4.57 | 4.78 | 4.99 | 5.19 | 5.40 |
| Woodie | 1.41 | 2.90 | 3.66 | 5.15 | 5.91 | 7.40 | 8.16 |
| Fibonacci | 3.02 | 3.88 | 4.41 | 5.27 | 6.13 | 6.66 | 7.52 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 45.89 | |
| MACD (12,26,9): | -0.1000 | |
| Directional Movement: | 13.45 | |
| AROON (14): | -35.72 | |
| DEMA (21): | 4.71 | |
| Parabolic SAR (0,02-0,02-0,2): | 5.99 | |
| Elder Ray (13): | -0.12 | |
| Super Trend (3,10): | 4.24 | |
| Zig ZAG (10): | 4.75 | |
| VORTEX (21): | 0.9400 | |
| Stochastique (14,3,5): | 16.05 | |
| TEMA (21): | 4.54 | |
| Williams %R (14): | -71.15 | |
| Chande Momentum Oscillator (20): | -0.06 | |
| Repulse (5,40,3): | 1.3200 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.2400 | |
| Courbe Coppock: | 8.42 |
| MA7: | 4.71 | |
| MA20: | 4.80 | |
| MA50: | 4.96 | |
| MA100: | 4.11 | |
| MAexp7: | 4.69 | |
| MAexp20: | 4.82 | |
| MAexp50: | 4.74 | |
| MAexp100: | 4.61 | |
| Price / MA7: | +6.79% | |
| Price / MA20: | +4.79% | |
| Price / MA50: | +1.41% | |
| Price / MA100: | +22.38% | |
| Price / MAexp7: | +7.25% | |
| Price / MAexp20: | +4.36% | |
| Price / MAexp50: | +6.12% | |
| Price / MAexp100: | +9.11% |
Quotes :
-
Real time data
-
Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis AMPLEFORTH GOVERNANCE TOKEN - FORTH/USD - Daily