AMPLEFORTH GOVERNANCE TOKEN - FORTH/USD - 1H - Technical analysis published on 04/30/2023 (GMT)
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- Timeframe : 1H
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 3.54 USD
My targets
3.76 USD (+4.74%)
3.94 USD (+9.75%)
My analysis
AMPLEFORTH GOVERNANCE TOKEN - FORTH/USD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 3.54 USD. The next resistance located at 3.76 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 3.94 USD. After this resistance, buyers could then target 4.28 USD. With the current pattern, you will need to monitor for possible bullish 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 bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
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
8.2
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The AMPLEFORTH GOVERNANCE TOKEN - FORTH/USD price is 3.59 USD. The price has increased by +3.76% since the last closing and was between 3.43 USD and 3.64 USD. This implies that the price is at +4.66% from its lowest and at -1.37% from its highest.3.43
3.64
3.59
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:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this AMPLEFORTH GOVERNANCE TOKEN - FORTH/USD chart shows a strongly bullish trend. 85.71% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from 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 strong bullish signal.
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 oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Bearish harami cross
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 3.47 | 3.54 | 3.59 | 3.59 | 3.94 | 4.28 | 4.68 |
| Change (%) | -3.34% | -1.39% | 0% | - | +9.75% | +19.22% | +30.36% |
| Change | -0.12 | -0.05 | 0 | - | +0.35 | +0.69 | +1.09 |
| Level | Minor | Intermediate | 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 | 3.24 | 3.29 | 3.38 | 3.43 | 3.52 | 3.57 | 3.66 |
| Camarilla | 3.42 | 3.43 | 3.45 | 3.46 | 3.47 | 3.49 | 3.50 |
| Woodie | 3.25 | 3.30 | 3.39 | 3.44 | 3.53 | 3.58 | 3.67 |
| Fibonacci | 3.29 | 3.35 | 3.38 | 3.43 | 3.49 | 3.52 | 3.57 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.97 | 3.12 | 3.29 | 3.44 | 3.61 | 3.76 | 3.93 |
| Camarilla | 3.37 | 3.40 | 3.43 | 3.46 | 3.49 | 3.52 | 3.55 |
| Woodie | 2.98 | 3.13 | 3.30 | 3.45 | 3.62 | 3.77 | 3.94 |
| Fibonacci | 3.12 | 3.24 | 3.32 | 3.44 | 3.56 | 3.64 | 3.76 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.37 | 2.74 | 3.07 | 3.44 | 3.77 | 4.14 | 4.47 |
| Camarilla | 3.20 | 3.26 | 3.33 | 3.39 | 3.45 | 3.52 | 3.58 |
| Woodie | 2.34 | 2.73 | 3.04 | 3.43 | 3.74 | 4.13 | 4.44 |
| Fibonacci | 2.74 | 3.01 | 3.18 | 3.44 | 3.71 | 3.88 | 4.14 |
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): | 65.35 | |
| MACD (12,26,9): | 0.0200 | |
| Directional Movement: | 25.49 | |
| AROON (14): | 100.00 | |
| DEMA (21): | 3.46 | |
| Parabolic SAR (0,02-0,02-0,2): | 3.44 | |
| Elder Ray (13): | 0.04 | |
| Super Trend (3,10): | 3.39 | |
| Zig ZAG (10): | 3.48 | |
| VORTEX (21): | 1.0900 | |
| Stochastique (14,3,5): | 63.89 | |
| TEMA (21): | 3.47 | |
| Williams %R (14): | -50.00 | |
| Chande Momentum Oscillator (20): | 0.04 | |
| Repulse (5,40,3): | 0.2500 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0600 | |
| Courbe Coppock: | 1.64 |
| MA7: | 3.41 | |
| MA20: | 3.57 | |
| MA50: | 3.52 | |
| MA100: | 3.63 | |
| MAexp7: | 3.46 | |
| MAexp20: | 3.44 | |
| MAexp50: | 3.42 | |
| MAexp100: | 3.42 | |
| Price / MA7: | +5.28% | |
| Price / MA20: | +0.56% | |
| Price / MA50: | +1.99% | |
| Price / MA100: | -1.10% | |
| Price / MAexp7: | +3.76% | |
| Price / MAexp20: | +4.36% | |
| Price / MAexp50: | +4.97% | |
| Price / MAexp100: | +4.97% |
Quotes :
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Real time data
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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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