AMPLEFORTH GOVERNANCE TOKEN - FORTH/USD

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Type:	Cryptocurrencies
Ticker:	FORTHUSD
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AMPLEFORTH GOVERNANCE TOKEN - FORTH/USD - Daily - Technical analysis published on 07/29/2023 (GMT)

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Timeframe : Daily
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AMPLEFORTH GOVERNANCE TOKEN - FORTH/USD - Daily

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Bullish

Technical indicators

78%

22%

My opinion

Bullish above 3.42 USD

My targets

4.31 USD (+11.08%)

4.68 USD (+20.62%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on AMPLEFORTH GOVERNANCE TOKEN - FORTH/USD as long as the price remains well above 3.42 USD. The buyers' bullish objective is set at 4.31 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 4.68 USD. If there is any crossing, the next objective would be the resistance located at 11.99 USD.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

7.1

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 Titano. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The AMPLEFORTH GOVERNANCE TOKEN - FORTH/USD price is 3.88 USD. On the day, this instrument gained +38.57% and was between 2.79 USD and 3.91 USD. This implies that the price is at +39.07% from its lowest and at -0.77% from its highest.

2.79

3.91

3.88

Here is a more detailed summary of the historical variations registered by AMPLEFORTH GOVERNANCE TOKEN - FORTH/USD:

The study of the highest / lowest by the Central Records scanner shows the following result:

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of AMPLEFORTH GOVERNANCE TOKEN - FORTH/USD in Daily shows an overall bullish trend. The signals returned by the moving averages are 78.57% bullish. This bullish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:

Bullish price crossover with adaptative moving average 100

Type : Bullish

Timeframe : Daily

In fact, 14 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : Daily

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Daily

Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : Daily

Ichimoku - Bullish crossover : Tenkan & Kijun

Type : Bullish

Timeframe : Daily

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

The presence of these bullish Japanese candlestick patterns detected by Central Candlesticks that could cause a very short term rebound were also noted:

White marubozu

Type : Bullish

Timeframe : Daily

Long white line

Type : Bullish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	2.51	2.75	3.20	3.88	3.94	4.31	4.68
Change (%)	-35.31%	-29.12%	-17.53%	-	+1.55%	+11.08%	+20.62%
Change	-1.37	-1.13	-0.68	-	+0.06	+0.43	+0.80
Level	Major	Intermediate	Intermediate	-	Intermediate	Minor	Intermediate

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.57	2.64	2.72	2.79	2.87	2.94	3.02
Camarilla	2.76	2.77	2.79	2.80	2.81	2.83	2.84
Woodie	2.58	2.64	2.73	2.79	2.88	2.94	3.03
Fibonacci	2.64	2.70	2.73	2.79	2.85	2.88	2.94

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.84	1.66	2.17	2.99	3.50	4.32	4.83
Camarilla	2.31	2.44	2.56	2.68	2.80	2.92	3.05
Woodie	0.69	1.58	2.02	2.91	3.35	4.24	4.68
Fibonacci	1.66	2.17	2.48	2.99	3.50	3.81	4.32

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.53	1.81	2.16	2.44	2.79	3.07	3.42
Camarilla	2.35	2.41	2.46	2.52	2.58	2.64	2.69
Woodie	1.58	1.83	2.21	2.46	2.84	3.09	3.47
Fibonacci	1.81	2.05	2.20	2.44	2.68	2.83	3.07

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):	80.06
MACD (12,26,9):	0.1400
Directional Movement:	50.88
AROON (14):	7.14
DEMA (21):	2.93
Parabolic SAR (0,02-0,02-0,2):	2.58
Elder Ray (13):	0.42
Super Trend (3,10):	2.39
Zig ZAG (10):	3.73
VORTEX (21):	1.0400
Stochastique (14,3,5):	46.34
TEMA (21):	3.03
Williams %R (14):	-8.35
Chande Momentum Oscillator (20):	1.11
Repulse (5,40,3):	27.2800
ROCnROLL:	1
TRIX (15,9):	0.4300
Courbe Coppock:	22.64

MA7:	2.86
MA20:	2.73
MA50:	2.52
MA100:	2.77
MAexp7:	2.98
MAexp20:	2.77
MAexp50:	2.69
MAexp100:	2.79
Price / MA7:	+35.66%
Price / MA20:	+42.12%
Price / MA50:	+53.97%
Price / MA100:	+40.07%
Price / MAexp7:	+30.20%
Price / MAexp20:	+40.07%
Price / MAexp50:	+44.24%
Price / MAexp100:	+39.07%

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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