AMPLEFORTH GOVERNANCE TOKEN - FORTH/USD - Daily - Technical analysis published on 12/24/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Strongly bearish
Technical indicators
17%
61%
22%
My opinion
Bearish under 3.34 USD
My targets
2.82 USD (-10.76%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on AMPLEFORTH GOVERNANCE TOKEN - FORTH/USD as long as the price remains well below 3.34 USD. The next bearish objective for sellers is set at 2.82 USD. A bearish break of this support would revive the bearish momentum. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible over sold items that could be a sign of a short-term correction.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
6.1
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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 price is 3.16 USD. The price registered an increase of +17.91% on the session with the lowest point at 2.67 USD and the highest point at 3.23 USD. The deviation from the price is +18.35% for the low point and -2.17% for the high point.2.67
3.23
3.16
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
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in Daily of this AMPLEFORTH GOVERNANCE TOKEN - FORTH/USD chart shows a sharp bearish trend. 82.14% of the signals given by moving averages are bearish. The slightly bearish signals from short-term moving averages show that the overall trend is slowing down. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The probability of a further decline is moderate given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
RSI indicator: bullish divergence
Type : Bullish
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Daily
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Support of triangle is broken
Type : Bearish
Timeframe : Daily
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Bullish harami
Type : Bullish
Timeframe : Daily
ProTrendLines
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 2.82 | 3.16 | 4.44 | 5.86 | 7.29 |
| Change (%) | -10.76% | - | +40.51% | +85.44% | +130.70% |
| Change | -0.34 | - | +1.28 | +2.70 | +4.13 |
| Level | Intermediate | - | Intermediate | Minor | Intermediate |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.53 | 2.61 | 2.64 | 2.72 | 2.75 | 2.83 | 2.86 |
| Camarilla | 2.65 | 2.66 | 2.67 | 2.68 | 2.69 | 2.70 | 2.71 |
| Woodie | 2.52 | 2.60 | 2.63 | 2.71 | 2.74 | 2.82 | 2.85 |
| Fibonacci | 2.61 | 2.65 | 2.68 | 2.72 | 2.76 | 2.79 | 2.83 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.59 | 2.22 | 2.64 | 3.27 | 3.69 | 4.32 | 4.74 |
| Camarilla | 2.76 | 2.86 | 2.95 | 3.05 | 3.15 | 3.24 | 3.34 |
| Woodie | 1.48 | 2.17 | 2.53 | 3.22 | 3.58 | 4.27 | 4.63 |
| Fibonacci | 2.22 | 2.62 | 2.87 | 3.27 | 3.67 | 3.92 | 4.32 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.62 | 1.59 | 2.37 | 3.34 | 4.12 | 5.09 | 5.87 |
| Camarilla | 2.67 | 2.83 | 2.99 | 3.15 | 3.31 | 3.47 | 3.63 |
| Woodie | 0.53 | 1.54 | 2.28 | 3.29 | 4.03 | 5.04 | 5.78 |
| Fibonacci | 1.59 | 2.26 | 2.67 | 3.34 | 4.01 | 4.42 | 5.09 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 36.68 | |
| MACD (12,26,9): | -0.1700 | |
| Directional Movement: | -12.72 | |
| AROON (14): | -85.71 | |
| DEMA (21): | 2.91 | |
| Parabolic SAR (0,02-0,02-0,2): | 3.25 | |
| Elder Ray (13): | -0.28 | |
| Super Trend (3,10): | 3.46 | |
| Zig ZAG (10): | 2.76 | |
| VORTEX (21): | 0.9100 | |
| Stochastique (14,3,5): | 6.12 | |
| TEMA (21): | 2.81 | |
| Williams %R (14): | -92.00 | |
| Chande Momentum Oscillator (20): | -0.78 | |
| Repulse (5,40,3): | -2.6700 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.3100 | |
| Courbe Coppock: | 44.64 |
| MA7: | 2.83 | |
| MA20: | 3.28 | |
| MA50: | 3.19 | |
| MA100: | 3.79 | |
| MAexp7: | 2.85 | |
| MAexp20: | 3.09 | |
| MAexp50: | 3.32 | |
| MAexp100: | 3.63 | |
| Price / MA7: | +11.66% | |
| Price / MA20: | -3.66% | |
| Price / MA50: | -0.94% | |
| Price / MA100: | -16.62% | |
| Price / MAexp7: | +10.88% | |
| Price / MAexp20: | +2.27% | |
| Price / MAexp50: | -4.82% | |
| Price / MAexp100: | -12.95% |
Quotes :
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Real time data
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This member declared not having a position on this financial instrument or a related financial instrument.
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