AMPLEFORTH GOVERNANCE TOKEN - FORTH/USD - 1H - Technical analysis published on 04/05/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Slightly bearish
Technical indicators
56%
0%
44%
My opinion
Bearish under 3.77 USD
My targets
3.59 USD (-0.83%)
3.46 USD (-4.42%)
My analysis
The basic trend is currently slightly bearish on AMPLEFORTH GOVERNANCE TOKEN - FORTH/USD and the short term does not seem to show any sign of improvement. Sellers are struggling to get their hands on this instrument. However, as long as the price remains below 3.77 USD, sales could be favoured. The first bearish objective would be located at 3.59 USD. Sellers would then use the next support located at 3.46 USD as an objective. Crossing it would then enable sellers to target 3.20 USD. A return to above the resistance at 3.77 USD could jeopardize this fragile bearish trend. Indecision would then be total and in this case you could keep away.
In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.
Force
0
10
0
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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 rating is 3.62 USD. The price is lower by -0.28% since the last closing with the lowest point at 3.59 USD and the highest point at 3.67 USD. The deviation from the price is +0.84% for the low point and -1.36% for the high point.3.59
3.67
3.62
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
A technical analysis in 1H of this AMPLEFORTH GOVERNANCE TOKEN - FORTH/USD chart shows a slightly bearish trend. 50.00% of the signals given by moving averages are bearish. The overall trend remains fragile, reflecting the slightly bearish signals given by short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Moving Average bearish crossovers : MA50 & MA100
Type : Bearish
Timeframe : 1 hour
In fact, 10 technical indicators on 18 studied are currently bullish. The Central Indicators scanner found this result concerning these indicators:
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near resistance of triangle
Type : Bearish
Timeframe : 1 hour
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 | 3.20 | 3.46 | 3.59 | 3.62 | 3.77 | 3.96 | 4.28 |
| Change (%) | -11.60% | -4.42% | -0.83% | - | +4.14% | +9.39% | +18.23% |
| Change | -0.42 | -0.16 | -0.03 | - | +0.15 | +0.34 | +0.66 |
| Level | Major | Intermediate | Intermediate | - | Major | 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 | 3.41 | 3.48 | 3.56 | 3.63 | 3.71 | 3.78 | 3.86 |
| Camarilla | 3.59 | 3.60 | 3.62 | 3.63 | 3.64 | 3.66 | 3.67 |
| Woodie | 3.41 | 3.48 | 3.56 | 3.63 | 3.71 | 3.78 | 3.86 |
| Fibonacci | 3.48 | 3.54 | 3.58 | 3.63 | 3.69 | 3.73 | 3.78 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.69 | 2.91 | 3.18 | 3.40 | 3.67 | 3.89 | 4.16 |
| Camarilla | 3.33 | 3.37 | 3.42 | 3.46 | 3.51 | 3.55 | 3.60 |
| Woodie | 2.73 | 2.92 | 3.22 | 3.41 | 3.71 | 3.90 | 4.20 |
| Fibonacci | 2.91 | 3.09 | 3.21 | 3.40 | 3.58 | 3.70 | 3.89 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.10 | 2.04 | 2.72 | 3.66 | 4.34 | 5.28 | 5.96 |
| Camarilla | 2.95 | 3.09 | 3.24 | 3.39 | 3.54 | 3.69 | 3.84 |
| Woodie | 0.96 | 1.98 | 2.58 | 3.60 | 4.20 | 5.22 | 5.82 |
| Fibonacci | 2.04 | 2.66 | 3.04 | 3.66 | 4.28 | 4.66 | 5.28 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 49.40 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | 5.60 | |
| AROON (14): | 35.72 | |
| DEMA (21): | 3.62 | |
| Parabolic SAR (0,02-0,02-0,2): | 3.58 | |
| Elder Ray (13): | 0 | |
| Super Trend (3,10): | 3.73 | |
| Zig ZAG (10): | 3.63 | |
| VORTEX (21): | 1.0900 | |
| Stochastique (14,3,5): | 52.00 | |
| TEMA (21): | 3.63 | |
| Williams %R (14): | -49.00 | |
| Chande Momentum Oscillator (20): | 0.02 | |
| Repulse (5,40,3): | 0.1200 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0300 | |
| Courbe Coppock: | 0.33 |
| MA7: | 3.57 | |
| MA20: | 3.45 | |
| MA50: | 3.72 | |
| MA100: | 3.47 | |
| MAexp7: | 3.63 | |
| MAexp20: | 3.63 | |
| MAexp50: | 3.64 | |
| MAexp100: | 3.61 | |
| Price / MA7: | +1.40% | |
| Price / MA20: | +4.93% | |
| Price / MA50: | -2.69% | |
| Price / MA100: | +4.32% | |
| Price / MAexp7: | -0.28% | |
| Price / MAexp20: | -0.28% | |
| Price / MAexp50: | -0.55% | |
| Price / MAexp100: | +0.28% |
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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