AMPLEFORTH GOVERNANCE TOKEN - FORTH/USD - 1H - Technical analysis published on 08/03/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Slightly bullish
Technical indicators
94%
0%
6%
My opinion
Bullish above 3.20 USD
My targets
3.40 USD (+4.62%)
3.60 USD (+10.77%)
My analysis
AMPLEFORTH GOVERNANCE TOKEN - FORTH/USD is currently trying to strengthen its basic trend with a very bullish short term. As long as the price remains above 3.20 USD, traders may consider taking advantage of this bullish acceleration and setting themselves to trade only long positions (at the time of purchase). Buyers will encounter the resistance at 3.40 USD. A bullish break in this resistance would confirm a continuation of the bullish acceleration. The next resistance located at 3.60 USD would then be the next bullish objective for buyers. Crossing it would then enable buyers to target 3.94 USD. Beware of a possible return to under the support located at 3.20 USD which would be the sign of a correction of the bullish excesses registered in the short term.
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
0
10
5.9
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
AMPLEFORTH GOVERNANCE TOKEN - FORTH/USD rating 3.25 USD. The price has increased by +8.70% since the last closing and was between 2.94 USD and 3.32 USD. This implies that the price is at +10.54% from its lowest and at -2.11% from its highest.2.94
3.32
3.25
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Abnormal volumes
Timeframe : 5 days
Technical
Technical analysis of this 1H chart of AMPLEFORTH GOVERNANCE TOKEN - FORTH/USD indicates that the overall trend is slightly bullish. 60.71% of the signals given by moving averages are bullish. This slightly bullish trend could be reinforced by the strong bullish signals given by short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:
Bullish trend reversal : Moving Average 50
Type : Bullish
Timeframe : 1 hour
Bullish trend reversal : adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
Bullish trend reversal : adaptative moving average 100
Type : Bullish
Timeframe : 1 hour
The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Ichimoku : price is over the cloud
Type : Bullish
Timeframe : 1 hour
Ichimoku : price is under the cloud
Type : Bearish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near resistance of triangle
Type : Bearish
Timeframe : 1 hour
The presence of these Japanese chandelier patterns detected by Central Candlesticks that could impact the current short-term trend were also noted:
Bearish harami
Type : Bearish
Timeframe : 1 hour
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 2.71 | 2.99 | 3.20 | 3.25 | 3.40 | 3.60 | 3.94 |
| Change (%) | -16.62% | -8.00% | -1.54% | - | +4.62% | +10.77% | +21.23% |
| Change | -0.54 | -0.26 | -0.05 | - | +0.15 | +0.35 | +0.69 |
| Level | Minor | Major | Intermediate | - | Major | Minor | 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 | 2.67 | 2.79 | 2.89 | 3.01 | 3.11 | 3.23 | 3.33 |
| Camarilla | 2.93 | 2.95 | 2.97 | 2.99 | 3.01 | 3.03 | 3.05 |
| Woodie | 2.66 | 2.79 | 2.88 | 3.01 | 3.10 | 3.23 | 3.32 |
| Fibonacci | 2.79 | 2.87 | 2.93 | 3.01 | 3.09 | 3.15 | 3.23 |
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): | 62.20 | |
| MACD (12,26,9): | 0.0100 | |
| Directional Movement: | 19.59 | |
| AROON (14): | 92.86 | |
| DEMA (21): | 3.01 | |
| Parabolic SAR (0,02-0,02-0,2): | 2.95 | |
| Elder Ray (13): | 0.09 | |
| Super Trend (3,10): | 2.93 | |
| Zig ZAG (10): | 3.10 | |
| VORTEX (21): | 1.1000 | |
| Stochastique (14,3,5): | 75.98 | |
| TEMA (21): | 3.04 | |
| Williams %R (14): | -16.39 | |
| Chande Momentum Oscillator (20): | 0.15 | |
| Repulse (5,40,3): | 4.3600 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0400 | |
| Courbe Coppock: | 3.82 |
| MA7: | 3.15 | |
| MA20: | 2.86 | |
| MA50: | 2.61 | |
| MA100: | 2.76 | |
| MAexp7: | 3.03 | |
| MAexp20: | 3.00 | |
| MAexp50: | 3.02 | |
| MAexp100: | 3.03 | |
| Price / MA7: | +3.17% | |
| Price / MA20: | +13.64% | |
| Price / MA50: | +24.52% | |
| Price / MA100: | +17.75% | |
| Price / MAexp7: | +7.26% | |
| Price / MAexp20: | +8.33% | |
| Price / MAexp50: | +7.62% | |
| Price / MAexp100: | +7.26% |
Quotes :
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Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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