Ampleforth FORTH - Huge falling wedge is breaking out! +Triangle
As you can see, we have a falling wedge on the daily / 3D chart, which is a bullish reversal pattern.
This is a fantastic buying opportunity when combined with a local ascending triangle!
My Elliott Wave analysis suggests that a main impulse wave has been completed, and that's why I expect a bullish retracement.
My main profit target is at the previous resistance (wave 4), or 0.618 FIB.
I think this downtrend is over and we should see some bullish price action in the immediate short term!
I expect tremendous pumps for selected altcoins. You can find them in the related section down below.
For more ideas, please hit "Like" and "Follow"!
FORTHUSDT
FORTH - Ready for a breakout! Channel + Elliott wave
On the daily chart, we can clearly see a descending channel / falling wedge, which is ready for a breakout!
Buy a breakout above rectangle + 200 MA + trendline of the channel, we have a nice confluence here, that is very important!
This coin never made an all time high, so it is safe to set the profit target to 0.618 FIB + end of the wave 4 (High liquidity area).
Due to my Elliott wave analysis - Impulse Elliott wave has been completed successfully and we can expect at least a retracement.
200 daily moving average is considered as a massive level by huge instituions and hedge funds.
We have a high bullish volume and I don't see any bearish pressure on the indicator.
If we take a look at the RSI indicator, there is a horizontal level, so if we break this level, that would be great!
Look at my ideas about interesting altcoins in the related section down below ↓
For more ideas please hit "Like" & "Follow"!
FORTH formed bullish Gartley for upto 20% pumpHi dear friends, hope you are well and welcome to the new trade setup of Ampleforth Governance Token ( FORTH ) with BTC pair.
On a 12-hr time frame FORTH has formed bullish Gartley pattern.
FORTHUSDT Hello Traders
Today we are take a look and analysis of #FORTHUSDT chart.
This currency can have good days ahead after forming a pattern.
Note that the drawn support level must be maintained so that we can expect good growth from it.
The current price of this currency is $ 6.71 and it has a good price to buy up to $ 4.5.
Expecting higher prices up to $ 13.5 is not far off at all.
I hope you see this analysis and can benefit from it.
FORTH with patience and with targetsYOUR LIKE OR COMMENT IS MY FUEL FOR NEXT ANALYSIS :) IF U HAVE ANY QUESTION REACH ME HERE
This is not a financial advice. Always do your own research and always put stoploss in your trade (SL) :) If you want more detailed info
how to study and read charts or just need help with some coin, just write to me here a comment, i will try to answer to everybody...
i can help you :) all for free, don't worry, BE HAPPY!
FORTH ideaYOUR LIKE OR COMMENT IS MY FUEL FOR NEXT ANALYSIS :) IF U HAVE ANY QUESTION REACH ME HERE
This is not a financial advice. Always do your own research and always put stoploss in your trade (SL) :) If you want more detailed info how to study and read charts or just need help with some coin, just write to me here a comment, i will try to answer to everybody... i can help you :) all for free, don't worry, BE HAPPY!
Bullish on The $FORTHThe pump is just a matter of time.
About The Token :
FORTH is Ampleforth’s (AMPL) governance token. FORTH holders can vote on proposed changes to the Ampleforth protocol or delegate their votes to representatives who vote on their behalf.
AMPL is the first-ever rebasing cryptocurrency. Like Bitcoin, AMPL is non-dillutive. Unlike Bitcoin, AMPL can be used to denominate contracts of predictable value. Where AMPL represents an independent currency that functions as a unit of account, FORTH is the governing mechanism that oversees its evolution.
FORTH was launched by the Ampleforth team as a "Day One launch" in conjunction with Coinbase in April of 2021.
FORTH/USDT { AMPLEFORTH GOVERNANCE TOKEN } - BULLISH SETUPANALYSIS 🔎
- FORTH/USDT is consolidating in a symmetrical triangle pattern .
- Price is testing the symmetrical triangle's inclined resistance.
- There's a breakout potential.
BUY ENTRY ⬆️
- Market entry: current market price.
- Stop limit entry: breakout above the symmetrical triangle's inclined resistance.
- Limit entry: test of the symmetrical triangle's inclined support.
TARGETS 🎯
- Horizontal resistance level (@20.950).
- Horizontal resistance level (@24.627).
- Fibonacci extension levels.
SETUP INVALIDATION ❌
- Breakdown below the ascending triangle's inclined support.


















