AMPLEFORTH GOVERNANCE TOKEN - FORTH/USD - 1H - Technical analysis published on 08/04/2023 (GMT)
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- Timeframe : 1H
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
11%
67%
22%
My opinion
Bearish under 2.94 USD
My targets
2.71 USD (-6.87%)
2.51 USD (-13.75%)
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 2.94 USD. The next support located at 2.71 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 2.51 USD. Below this support, sellers could then target 2.19 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 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
7.7
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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 rating is 2.91 USD. The price is lower by -2.68% since the last closing with the lowest point at 2.91 USD and the highest point at 3.01 USD. The deviation from the price is 0% for the low point and -3.32% for the high point.2.91
3.01
2.91
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by AMPLEFORTH GOVERNANCE TOKEN - FORTH/USD:
Technical
A technical analysis in 1H of this AMPLEFORTH GOVERNANCE TOKEN - FORTH/USD chart shows a sharp bearish trend. 89.29% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators shows a bearish signal.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
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
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 2.19 | 2.51 | 2.71 | 2.91 | 2.94 | 3.20 | 3.40 |
| Change (%) | -24.74% | -13.75% | -6.87% | - | +1.03% | +9.97% | +16.84% |
| Change | -0.72 | -0.40 | -0.20 | - | +0.03 | +0.29 | +0.49 |
| Level | Major | Intermediate | Minor | - | Intermediate | Major | 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 | 2.45 | 2.70 | 2.84 | 3.09 | 3.23 | 3.48 | 3.62 |
| Camarilla | 2.88 | 2.92 | 2.95 | 2.99 | 3.03 | 3.06 | 3.10 |
| Woodie | 2.41 | 2.67 | 2.80 | 3.06 | 3.19 | 3.45 | 3.58 |
| Fibonacci | 2.70 | 2.85 | 2.94 | 3.09 | 3.24 | 3.33 | 3.48 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.64 | 2.11 | 2.98 | 3.45 | 4.32 | 4.79 | 5.66 |
| Camarilla | 3.48 | 3.60 | 3.73 | 3.85 | 3.97 | 4.10 | 4.22 |
| Woodie | 1.84 | 2.21 | 3.18 | 3.55 | 4.52 | 4.89 | 5.86 |
| Fibonacci | 2.11 | 2.62 | 2.94 | 3.45 | 3.96 | 4.28 | 4.79 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.34 | 1.38 | 2.16 | 3.20 | 3.98 | 5.02 | 5.80 |
| Camarilla | 2.44 | 2.61 | 2.77 | 2.94 | 3.11 | 3.27 | 3.44 |
| Woodie | 0.21 | 1.32 | 2.03 | 3.14 | 3.85 | 4.96 | 5.67 |
| Fibonacci | 1.38 | 2.08 | 2.51 | 3.20 | 3.90 | 4.33 | 5.02 |
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): | 36.01 | |
| MACD (12,26,9): | -0.0100 | |
| Directional Movement: | -8.51 | |
| AROON (14): | -42.86 | |
| DEMA (21): | 2.95 | |
| Parabolic SAR (0,02-0,02-0,2): | 2.99 | |
| Elder Ray (13): | -0.04 | |
| Super Trend (3,10): | 3.02 | |
| Zig ZAG (10): | 2.92 | |
| VORTEX (21): | 0.9000 | |
| Stochastique (14,3,5): | 6.67 | |
| TEMA (21): | 2.94 | |
| Williams %R (14): | -90.00 | |
| Chande Momentum Oscillator (20): | -0.05 | |
| Repulse (5,40,3): | -1.9700 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0500 | |
| Courbe Coppock: | 1.77 |
| MA7: | 3.15 | |
| MA20: | 2.87 | |
| MA50: | 2.62 | |
| MA100: | 2.75 | |
| MAexp7: | 2.95 | |
| MAexp20: | 2.98 | |
| MAexp50: | 3.00 | |
| MAexp100: | 3.01 | |
| Price / MA7: | -7.62% | |
| Price / MA20: | +1.39% | |
| Price / MA50: | +11.07% | |
| Price / MA100: | +5.82% | |
| Price / MAexp7: | -1.36% | |
| Price / MAexp20: | -2.35% | |
| Price / MAexp50: | -3.00% | |
| Price / MAexp100: | -3.32% |
Quotes :
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Real time data
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