AMPLEFORTH GOVERNANCE TOKEN - FORTH/EUR - Daily - Technical analysis published on 07/30/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
89%
6%
6%
My opinion
Bullish above 3.07 EUR
My targets
3.64 EUR (+8.01%)
4.04 EUR (+19.88%)
My analysis
The bullish trend is currently very strong on AMPLEFORTH GOVERNANCE TOKEN - FORTH/EUR. As long as the price remains above the support at 3.07 EUR, you could try to benefit from the boom. The first bullish objective is located at 3.64 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 4.04 EUR as an objective. Crossing it would then enable buyers to target 4.44 EUR. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.9
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Additional analysis
Quotes
The AMPLEFORTH GOVERNANCE TOKEN - FORTH/EUR rating is 3.37 EUR. On the day, this instrument lost -2.32% and was between 3.27 EUR and 3.85 EUR. This implies that the price is at +3.06% from its lowest and at -12.47% from its highest.3.27
3.85
3.37
So that you have an overall view of the price change, here is a table showing the variations over several periods:
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of AMPLEFORTH GOVERNANCE TOKEN - FORTH/EUR in Daily shows a strongly overall bullish trend. The signals given by the moving averages are 82.14% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. An assessment of moving averages reveals several bearish and bullish signals:
Bullish trend reversal : Moving Average 100
Type : Bullish
Timeframe : Daily
Bearish price crossover with Moving Average 100
Type : Bearish
Timeframe : Daily
An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : Daily
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : Daily
CCI indicator: bearish divergence
Type : Bearish
Timeframe : Daily
MACD indicator: bearish divergence
Type : Bearish
Timeframe : Daily
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near resistance of triangle
Type : Bearish
Timeframe : Daily
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 | 2.23 | 2.54 | 2.75 | 3.37 | 3.64 | 4.04 | 4.44 |
| Change (%) | -33.83% | -24.63% | -18.40% | - | +8.01% | +19.88% | +31.75% |
| Change | -1.14 | -0.83 | -0.62 | - | +0.27 | +0.67 | +1.07 |
| Level | Major | Intermediate | Major | - | Minor | Minor | Major |
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 | 1.84 | 2.19 | 2.82 | 3.17 | 3.80 | 4.15 | 4.78 |
| Camarilla | 3.18 | 3.27 | 3.36 | 3.45 | 3.54 | 3.63 | 3.72 |
| Woodie | 1.98 | 2.26 | 2.96 | 3.24 | 3.94 | 4.22 | 4.92 |
| Fibonacci | 2.19 | 2.56 | 2.80 | 3.17 | 3.54 | 3.78 | 4.15 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.52 | 1.94 | 2.69 | 3.11 | 3.86 | 4.28 | 5.03 |
| Camarilla | 3.13 | 3.24 | 3.34 | 3.45 | 3.56 | 3.67 | 3.77 |
| Woodie | 1.70 | 2.02 | 2.87 | 3.19 | 4.04 | 4.36 | 5.21 |
| Fibonacci | 1.94 | 2.38 | 2.66 | 3.11 | 3.55 | 3.83 | 4.28 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.39 | 1.65 | 1.95 | 2.21 | 2.51 | 2.77 | 3.07 |
| Camarilla | 2.09 | 2.14 | 2.19 | 2.24 | 2.29 | 2.34 | 2.39 |
| Woodie | 1.40 | 1.66 | 1.96 | 2.22 | 2.52 | 2.78 | 3.08 |
| Fibonacci | 1.65 | 1.87 | 2.00 | 2.21 | 2.43 | 2.56 | 2.77 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 76.31 | |
| MACD (12,26,9): | 0.1800 | |
| Directional Movement: | 53.99 | |
| AROON (14): | 92.86 | |
| DEMA (21): | 2.81 | |
| Parabolic SAR (0,02-0,02-0,2): | 2.46 | |
| Elder Ray (13): | 0.84 | |
| Super Trend (3,10): | 2.62 | |
| Zig ZAG (10): | 3.40 | |
| VORTEX (21): | 1.1400 | |
| Stochastique (14,3,5): | 62.90 | |
| TEMA (21): | 2.95 | |
| Williams %R (14): | -31.37 | |
| Chande Momentum Oscillator (20): | 0.61 | |
| Repulse (5,40,3): | 11.1100 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.5200 | |
| Courbe Coppock: | 33.22 |
| MA7: | 2.75 | |
| MA20: | 2.55 | |
| MA50: | 2.34 | |
| MA100: | 2.55 | |
| MAexp7: | 2.89 | |
| MAexp20: | 2.62 | |
| MAexp50: | 2.50 | |
| MAexp100: | 2.59 | |
| Price / MA7: | +22.55% | |
| Price / MA20: | +32.16% | |
| Price / MA50: | +44.02% | |
| Price / MA100: | +32.16% | |
| Price / MAexp7: | +16.61% | |
| Price / MAexp20: | +28.63% | |
| Price / MAexp50: | +34.80% | |
| Price / MAexp100: | +30.12% |
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.
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