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Forthusd

Last chance for sub 14.00$ ? Looking at the daily chart Forth price has created HL and volume spikes have become almost equal with regular daily trading volume. This makes me think we are nearing a reversal in price. Bears showing signs of exhaustion. This could be short or long term buy opportunity considering Forth is a relatively small supply coin and price is low and may not drop this low again after a big reversal. Forth is pretty new coin so analysis is based on many assumptions. Let me know your thoughts!
COINBASE:FORTHUSD
by The_Yeager
Crypto (FORTH) About to complete Ascending Triangle Ampleforth governance token (FORTH) looks to be nearing the end of an Ascending Triangle formation, and entering the territory where the price of an asset/Crypto breaks out. This is typically a bullish sign, coupled with the up-trend line moving in tandem with the 50 MA. FORTH’s price has not fallen below the trend line or 50 MA since entering this formation. It’s price peaked twice, both times getting rejected at the resistance line (the top orange line), which also happens to be the top of the ascending triangle. This is typical behavior for the price action while up-trending in an ascending triangle. Note: Price is also above the 200 MA, and the Volume bars have been strong and consistent. ————————————————————————————— A few other factors to consider when determining if we can confirm this is a true bullish ascending triangle. 1.) A bullish MA Crossover (the 50 MA crossing above the 200) happened a few days ago. 2.) The RSI is not showing FORTH’s price to be inside overbought territory, (which begins at 70 but will usually push well up into the mid 80s or beyond), and is also trending up with the price of FORTH. *Notice that the RSI line tends to find support at the 50 lvl? That’s another good sign. 3.) As for the RSI holding above 50 but below 70 means there is still demand and the Bulls haven’t lost control of FORTH. *The large, increasing Volume confirms this as well. ————————————————————————————— The Conclusion The fact that FORTH has all the signs of a bullish breakout from the ascending triangle, (potentially pushing the price up more than $1-2), or at least continuing in its current up-trend, doesn’t necessarily equate to a buy signal. With the RSI above 50, yet below 70 is a sign of strength and that the bulls have control. But, the ideal time to buy into any asset is when the RSI Indicator is down in the 30s. (the oversold zone) The oversold zone means the price of the asset or coin your assessing is cheap. In other words, you’re buying it at a discount. (as long as you have reason to believe the asset’s price will indeed recover—meaning you have faith in the company or crypto itself) On the other hand, for current holders of FORTH, this is a great sign. It means you hold on and sell once the (potential) breakout happens, or rest assured that you can sleep at night knowing that your portfolio won’t disappear overnight. I’m not saying it’s a bad time to buy FORTH, I’m simply saying that it’s not the BEST time to buy it. Now, if you believe in what Ampleforth is doing as a company, and that the price of their governance token will eventually make it back up to the $70 range, then this might be a good opportunity to add to your position or open a new one with FORTH. Contrary to everything I just said, all of the Bullish indications the chart for FORTH is showing us, I sold my small stake today. Let me explain: I never really liked this company, or it’s token, not because I think it’s a bad one that’s doomed to fail, but because I had a bad experience with them. They have a relatively small market cap, (as does many Altcoins), therefore the price of FORTH can get erratic at times. *Small Market Cap also makes price manipulation easier. (Either intentional manipulation, or consequential due to FUD or some external factor) I have lost money with this token, so I have had a bad taste in my mouth. That’s purely a personal issue that I have, and not at all something for anyone reading this to base their own decision on what to do in regards to FORTH. The small market cap of the asset you’re buying should have an effect on how you manage the position. I’m not suggesting to avoid small cap altcoins. ( If we base all of our decisions on finding Altcoins with huge Market Caps, then we’d soon find our list of potential coins very limited. ) *Its just another thing to watch for and consider when your do make your next investment decision. *Another advantage you gain by knowing what the potential impact of having a small market cap is on an Altcoin (or even a Penny Stock) is that when it’s price does make an extreme move, (either against or with you), you can have some solace in knowing it will likely correct itself. If this ever happens to an asset you own with a small market cap, then look over all the check points: —Was there some recent news about the company, either good or bad? —How are the Daily, Weekly, (long term) Charts looking? Find the overall trend, make sure important Support or Resistance levels haven’t been broken. —What are the momentum indicators like the MACD showing? —Do some Volume analysis: I like to use the On Balance Volume Indicator. Also, (and I’m not even sure if this is a volume based indicator), I like to use the Accumulation/Distribution Indicator to make sure money is pouring in—not being pulled out. ————————————————————————————— At the end of the day, it’s for you to decide what to buy and what to sell. Never take the advice of one person, especially someone like me who’s posting my thoughts (NOT FINANCIAL ADVICE), online. Do your due diligence and confirm, confirm, confirm. —As the late Ronald Regan once said: “Trust, but verify.” If you notice something in a chart or on social media that peaks your interest, then by all means go ahead and explore it some more. Ask the people you see talking about it, question them, trust them—but VERIFY that they are right. They could be intentionally lying to you in order to artificially inflate (pump) the price of some small cap altcoin or penny stock. Perhaps they’re not lying, but simply misinformed. People are wrong at times, it’s happens to the best of us. Then there’s the chance that they’re right, and buying whatever snake oil they’re selling actually does cure tuberculosis. . . Who knows? But one decision is ALWAYS the right one to make: Trust, but verify everything that anyone tells you about anything. —Buying a TV at a pawnshop? You going to take the pawnbroker’s word that the thing turns on? Idk about you, but I’m going to compliment his store and the wonderful assortment of products he has on display, and how nice of a TV this is, especially at the price he’s charging. “Oh, I almost forgot sir.” I hate to be a pain in the ass, but my wife (I’m not married or even in a relationship) will kill me if I don’t check.” “Would you mind if we plugged it in for a few minutes to make sure it’s working properly? I just want to make sure the WiFi feature works and that everything is running smooth.” Don’t be embarrassed to ask. Hell, ask more than that. ***Imagine the questions and demands the Pawnbroker had for the person who SOLD him the TV in the first place!*** TRUST BUT VERIFY —Have a great day (or night depending where you’re at. It’s 2am here in LA) and I wish you all huge profits and happy trading for the upcoming week. Steven Tyler
COINBASE:FORTHUSDLong
by thinkordrown
2
FORTH: Consolidation or Another Pump?Recently, we've had very positive movement on FORTH. Buying it at $10 would have been an absolute steal for this token. If the bull run resumes, those who hold FORTH will be handsomely rewarded. It's possible we may see some consolidation between $16 - $18 for a little before the next run up. If BTC decides to dump again, then we're heading back down. What do you guys think? Are we heading sideways or will we see some more movement soon? This is not financial advice. These are just my ideas and opinions.
COINBASE:FORTHUSD
by LA_Designer
3
Falling knife or buy the dip? Read this before trading FORTHUSDIf you find the analysis useful, please like and share our ideas with the community. Any feedback and suggestions would help in further improving the analysis! Quick glance: As of now, FORTH seems to in a downward trend on a narrowing channel. Market in the last 24hrs Massive profit booking quick pump was observed after a quick rally in the Ampleforth Governance Token or FORTH. If we look closely, and on a wider horizon, we can see the same cycle happen multiple times on FORTH. Today’s Trend analysis The channel pattern is in a downward trend. A breakout on either side should be awaited before jumping on a trade. As of now, it seems to be in a bearish momentum. Price volatility remained high at approximately 10.5%, with the day's range between $15.741 — $19.528. Price at the time of publishing: $17.221 FORTH's market cap: $124.85 million Out of 11 Oscillator indicators, 9 are neutral,1 indicates to a bullish outlook, and 1 is bearish . Out of 15 Moving average indicators, 11 indicate a bullish outlook, 1 is 'NEUTRAL' and 3 are bearish . Indicator summary is giving a 'BUY' signal on FORTHUSD . Volumes have remained high in the past 24 hours. ---------------------------------------------------------------------------------------- The analysis is based on signals from 26 technical indicators, out of which 15 are moving averages and the remaining 11 are oscillators. These indicator values are calculated using 4Hr candles. Note: Above analysis would hold true if we do not encounter a sudden jump in trade volume . ---------------------------------------------------------------------------------------- Keep supporting:) -Mudrex
BINANCE:FORTHUSD
by Mudrex
5
FORTH: Falling WedgeThe Fear and Greed Index has hit its lowest rating this year for Bitcoin. We are now in Extreme Fear territory. As Warren Buffet says, "be greedy when others are fearful." When it comes to crypto, I do not panic sell, I buy the dips and hold. These major dumps are due to whales manipulating the market so they can buy in lower. With that being said, due to the major market dump, we are now attempting a recovery. FORTH has formed a falling wedge pattern (bullish). The market may take a couple months to fully recover, but keep an eye on FORTH breaking out of this pattern. $32 would be major resistance. I still think that FORTH's long-term future has plenty of open road ahead. This is not financial advice. These are just my ideas and opinions.
COINBASE:FORTHUSD
by LA_Designer
1
FORTH: The SqueezeBitcoin has been iffy folks! Dump after dump, which makes the alts dump harder. High risk = high reward. I changed my chart to a flat bottom since the $31 area seems to have hit twice now. FORTH is starting to squeeze more and more. Think of it like a spring that's coiling up and waiting to be released. Keep in mind, however, if FORTH starts getting full candle closes between $20 - $30, this idea will just take that much longer to play out. This is not financial advice. These are just my ideas and opinions.
COINBASE:FORTHUSD
by LA_Designer
3