FOR is ready for 50% move up - riskyHello, FOR looks very nice on weekly candle - with stoploss under current candle it is nice R:R with 5% SL which is very good for this trade. Let's see how new monthly candle open in few hours...I am already in with one bullet. I have ready second one... This trade is a bit risky one so don't forget on stoploss. (NOT A FINANCIAL ADVICE)
MANAGE YOUR RISK AND USE STOPLOSS
FORUSD
ForTube (FOR) formed bullish Gartley | A good buy opportunityHi dear friends, hope you are well and welcome to the new update on ForTube (FOR) with US Dollar pair.
In the previous trade, the price of FOR moved slightly lower than potential reversal zone, however, it recovered soon and pumped well.
Now on a 4-hr time frame, FOR has formed a bullish Gartley move.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
ForTube (FOR) formed bullish Gartley for upto 18.50% pumpHi dear friends, hope you are well and welcome to the new update on ForTube (FOR) with US Dollar pair.
On 4-hr time frame, For has formed bullish Gartley pattern.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
🤾FOR- Macro channel, accumulation has entered the support areaThe price has been consolidating in the lower part of the channel for few month now. The current price action is similar to what had place last year(explained on chart) If the price bounces off 200EMA again, creating a potential double bottom visible on lower timeframes, it could be treated as a confirmation for that the accumulation has ended, and that the price is going to push towards resistance(red area)
The idea remains valid as long as the price holds above the area of support(green) / 200EMA / dynamic support(blue). If all three are lost, we can expect the price to find support at key level (0.58x) or secondary support zone from resistance flip. But that would be over >40% drop, so it would probably take the whole market to collapse in order for that to happen.
Entry: buy as close to 200EMA as possible
Targets:
-use visible trendlines for dynamic targets
Static targets:
0.08x
0.10x
0.13x
0.17x
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About FOR:
ForTube, previously known as the Force Protocol, describes itself as a suite of distributed crypto-finance service protocols that runs on an open-source blockchain. Its main aim is to offer crypto-finance solutions to developers through its software development kit (SDK) and application programming interfaces (APIs) for decentralized application (DApp) development.
The platform offers solutions for cross-platform asset transactions, cross-chain communications, crypto-asset-backed stablecoin insurance, token board insurance, and on-chain payments. The Force Protocol project is a decentralized protocol layer that is developed and managed by the Force Protocol Foundation Ltd.
ForTube launched its decentralized finance (DeFi) service on the Binance Smart Chain (BSC) in September 2020.
ForTube offers many advantages, including flexible support of globally popular cryptocurrencies that provide higher yield combinations and an upgraded algorithm and ledger structure that significantly reduces gas costs. It also has a robust technical framework with more secure smart contracts.
Source: coinmarketcap
