AMPLEFORTH GOVERNANCE TOKEN - FORTH/USD

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- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	FORTHUSD
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AMPLEFORTH GOVERNANCE TOKEN - FORTH/USD - Daily - Technical analysis published on 05/19/2023 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

AMPLEFORTH GOVERNANCE TOKEN - FORTH/USD - Daily

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

22%

44%

33%

My opinion

Bearish under 3.20 USD

My targets

2.68 USD (-6.94%)

2.31 USD (-19.79%)

My analysis

AMPLEFORTH GOVERNANCE TOKEN - FORTH/USD is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 3.20 USD. The next support located at 2.68 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 2.31 USD. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.

In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.

Force

6.8

Comment on the analysis

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 price is 2.88 USD. The price is lower by -2.04% since the last closing and was between 2.85 USD and 2.97 USD. This implies that the price is at +1.05% from its lowest and at -3.03% from its highest.

2.85

2.97

2.88

A study of price movements over other periods shows the following variations:

Technical

A technical analysis in Daily of this AMPLEFORTH GOVERNANCE TOKEN - FORTH/USD chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, of the 18 technical indicators analysed by Central Analyzer, 4 are bullish, 6 are neutral and 8 are bearish. No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S2	S1	Price	R1	R2	R3
ProTrendLines	2.31	2.68	2.88	3.20	3.94	4.28
Change (%)	-19.79%	-6.94%	-	+11.11%	+36.81%	+48.61%
Change	-0.57	-0.20	-	+0.32	+1.06	+1.40
Level	Intermediate	Major	-	Intermediate	Intermediate	Minor

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.76	2.80	2.87	2.91	2.98	3.02	3.09
Camarilla	2.91	2.92	2.93	2.94	2.95	2.96	2.97
Woodie	2.78	2.81	2.89	2.92	3.00	3.03	3.11
Fibonacci	2.80	2.84	2.87	2.91	2.95	2.98	3.02

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.98	2.34	2.57	2.93	3.16	3.52	3.75
Camarilla	2.65	2.70	2.76	2.81	2.86	2.92	2.97
Woodie	1.93	2.31	2.52	2.90	3.11	3.49	3.70
Fibonacci	2.34	2.56	2.70	2.93	3.15	3.29	3.52

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.76	2.51	3.10	3.85	4.44	5.19	5.78
Camarilla	3.31	3.43	3.56	3.68	3.80	3.93	4.05
Woodie	1.67	2.47	3.01	3.81	4.35	5.15	5.69
Fibonacci	2.51	3.03	3.34	3.85	4.37	4.68	5.19

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):	36.72
MACD (12,26,9):	-0.1600
Directional Movement:	-0.37
AROON (14):	-57.14
DEMA (21):	2.86
Parabolic SAR (0,02-0,02-0,2):	2.99
Elder Ray (13):	-0.07
Super Trend (3,10):	3.37
Zig ZAG (10):	2.88
VORTEX (21):	0.8500
Stochastique (14,3,5):	28.42
TEMA (21):	2.79
Williams %R (14):	-74.67
Chande Momentum Oscillator (20):	-0.39
Repulse (5,40,3):	-0.7400
ROCnROLL:	2
TRIX (15,9):	-0.6900
Courbe Coppock:	29.64

MA7:	2.88
MA20:	3.12
MA50:	3.39
MA100:	3.58
MAexp7:	2.91
MAexp20:	3.07
MAexp50:	3.29
MAexp100:	3.43
Price / MA7:	-0%
Price / MA20:	-7.69%
Price / MA50:	-15.04%
Price / MA100:	-19.55%
Price / MAexp7:	-1.03%
Price / MAexp20:	-6.19%
Price / MAexp50:	-12.46%
Price / MAexp100:	-16.03%

Quotes : - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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