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FORTH / TetherUS PERPETUAL CONTRACT

2.442USDTR
−0.024−0.97%
As of today at 23:55 GMT
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FORTHUSDT.P trade ideas

We Really Dropped the BallIM VERY NEW to trading but just wanted to show a pattern I noticed with this token. No one is really posting about this coin so I figured I'd give some insight. All I can say is this as a trading position is pretty bad, but as an investment if you're willing to put your money here and wait another few months (or until next bull market lol) its fine I guess. If it fails to break out of the downtrend soon we're probably heading back down to the bottom of the triangle. I'm just choosing to HODL to see what happens (recently opened a position). Overall if it fails to break resistance there are probably better projects to invest in that yield better gains, thats just the cold truth. However, I'm choosing to be bullish at the current price. I look at momentum shifts, not necessarily technicalities, and if theres any coin that is long overdue for a momentum shift its this one. The facts are this coin has done absolutely nothing for this year aside from go down, a relief rally is long overdue. If it dumps below 8.00 I'd consider taking your losses and investing in a project that actually yields some type of gains. I'm not of the mindset of "be patient" because if you were "patient" at any point this year you'd be at a loss and still waiting. Not to say never be patient, but know when to cut your losses. Look for momentum shifts or reversals. If not, there are much better projects. Lets wait and see!
Long
by BlueJane69
1
This is FORTH. This project is in its infancy and for the price it is today it is a steal There is a circulating supply of only 8,659,067 with a max supply volume of 14,998,897 If you look at coins with this kind of supply that are successful they usually attain a goal of around $400+ within one to two years of inception This coin could do it in that time frame or sooner because it is already on major exchanges which will give the world access to it. This is off of their website to give a brief explanation of what this coin is: AMPL is a cryptocurrency and financial building-block. Much like Bitcoin, it is algorithmic and uncollateralized. However unlike Bitcoin, AMPL can be used to denominate stable contracts. I truly believe in this coin and at the bottom(thats what i think it is) I will continue buying all the way up to my goal of $400. I currently own AMPLEFORTH check it out and if you like the project and are willing to take the ride jump in with me trade it or hold it and we all make money www.ampleforth.org
Long
by jgrullon11
1
Bullish on The $FORTHThe pump is just a matter of time. About The Token : FORTH is Ampleforth’s (AMPL) governance token. FORTH holders can vote on proposed changes to the Ampleforth protocol or delegate their votes to representatives who vote on their behalf. AMPL is the first-ever rebasing cryptocurrency. Like Bitcoin, AMPL is non-dillutive. Unlike Bitcoin, AMPL can be used to denominate contracts of predictable value. Where AMPL represents an independent currency that functions as a unit of account, FORTH is the governing mechanism that oversees its evolution. FORTH was launched by the Ampleforth team as a "Day One launch" in conjunction with Coinbase in April of 2021.
by TopGBanks