FORTHUSDT trade ideas
Forthusdt is almost done*forth is under 200ema
*Forth in under 0.6 fpi.
*Rsi is almost above 50
What i see is that forth is going to break the triangle that it trap on, with this break it will break 0.6 fpi and 200ema while it's moving above level 50 rsi .
My target will be 7$ as a beginning with the correction of the market before more dip
UPDATE: FORTH UP 243% after bullish signal 🚀FORTH pumped 243% after the bullish Supertrend Ninja - Clean signal (green vertical line on the background).
FORTH broke out of the bullish Zone of the Ichimoku Cloud , which is bullish . The RSI is in the overbought zone at 85. RSI Brown at 123. If we take a look at the Average Directional Index ( ADX DI) its starting to be bearish , as it is pointing downwards. Currently FORTH is way above its upper Bollinger Band , Band Basis 20 Period SMA . A retrace back within the Bollinger Band is more likely. The risk to reward right now to enter a trade is bad.
Waiting patiently on a bullish Supertrend Ninja signal, before entering a long paid off.
Thank you for reading.
Namasté 🙏
Disclaimer: Ideas are for entertainment purposes only. Not financial advice. Your own due diligence is highly advised before entering trades. Past performance is no guarantee of future returns.
What Indicators Do I Use:
In the chart I am using the "Supertrend Ninja - Clean", which is a trend-following indicator (Green and red vertical lines on the background). When the background of the candlestick closes green (vertical line). It indicates a possible bullish (up)trend. And red for downtrends.
FORTHUSDT(Ampleforth) Daily tf Range Updated till 29-07-22FORTHUSDT(Ampleforth) Daily timeframe range. lately btc dominance helped a lot of alt to move freely. lot of money flown into here and there. it created a opportunity for mid and big buyers to buy through consolidation and profit out of move like 29 july 2022. and thats some insanely profitable move. but move like this always comes with a price if position isnt right there are change of getting trapped in a huge wick. and there are lot those in this chart. there are good amount of out of place moves and good difference in its range space. that came from the slow bleeding it had in past. its a high risk and reward alt, need to trade carefully.
Ampleforth FORTH - Huge falling wedge is breaking out! +Triangle
As you can see, we have a falling wedge on the daily / 3D chart, which is a bullish reversal pattern.
This is a fantastic buying opportunity when combined with a local ascending triangle!
My Elliott Wave analysis suggests that a main impulse wave has been completed, and that's why I expect a bullish retracement.
My main profit target is at the previous resistance (wave 4), or 0.618 FIB.
I think this downtrend is over and we should see some bullish price action in the immediate short term!
I expect tremendous pumps for selected altcoins. You can find them in the related section down below.
For more ideas, please hit "Like" and "Follow"!
FORTH - Ready for a breakout! Channel + Elliott wave
On the daily chart, we can clearly see a descending channel / falling wedge, which is ready for a breakout!
Buy a breakout above rectangle + 200 MA + trendline of the channel, we have a nice confluence here, that is very important!
This coin never made an all time high, so it is safe to set the profit target to 0.618 FIB + end of the wave 4 (High liquidity area).
Due to my Elliott wave analysis - Impulse Elliott wave has been completed successfully and we can expect at least a retracement.
200 daily moving average is considered as a massive level by huge instituions and hedge funds.
We have a high bullish volume and I don't see any bearish pressure on the indicator.
If we take a look at the RSI indicator, there is a horizontal level, so if we break this level, that would be great!
Look at my ideas about interesting altcoins in the related section down below ↓
For more ideas please hit "Like" & "Follow"!
🆓Ampleforth Governance Token (FORTH) Apr-01 #FORTH $FORTH
FORTH is still trying to hold on to the $7 zone and waiting for a strong buying force like early February to advance to the $10 and $12 zones this April. However, if it loses this $7 zone, it will quickly fall to the $6 or even $5 zone and we can accumulate FORTH in these zones for long-term
📈RED PLAN
♻️Condition : If 1-Day closes ABOVE 7$ zone
🔴Buy : 7
🔴Sell : 8.5 - 10 - 12
📉BLUE PLAN
♻️Condition : If 1-Day closes BELOW 7$ zone
🔵Sell : 7
🔵Buy : 6 - 5
❓Details
📈Red Arrow : Main Direction as RED PLAN
📉Blue Arrow : Back-Up Direction as BLUE PLAN
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
FORTHUSDT Hello Traders
Today we are take a look and analysis of #FORTHUSDT chart.
This currency can have good days ahead after forming a pattern.
Note that the drawn support level must be maintained so that we can expect good growth from it.
The current price of this currency is $ 6.71 and it has a good price to buy up to $ 4.5.
Expecting higher prices up to $ 13.5 is not far off at all.
I hope you see this analysis and can benefit from it.
FORTHUSDT - SETUPFORTHUSDT price has broken the descending channel and looking to negate the downtrend. The bulls are looking to regain their control and showed strength yesterday. As price is correct itself today a little but we are expecting the bulls will contain their positive momentum and try to achieve the next target around .618% fib level. So keep an eye and buy on dips.
