Upwards pressure is near
Forth is relatively new to the crypto world. A governance token for the ampl network with max supply of 15,000,000 and a relatively low market cap at the moment.
Looking at the 4H chart, I've marked the waves of upward and downward pressure. If the pattern continues a wave of upward pressure may be coming next. This would make sense since the price has reached the bottom of the price floor which has been slowly ascending.
if price breaks below the floor next support would be around 33.70 and then 33.35. I think FORTH can retest the $44 point again and consolidate around $37 - $40 range.
after a period of consolidation I expect FORTH to have a major growth to upwards of $175 or more. This could take several months, or it could only take days. Hard to tell. There could definitely be unexpected moves due to BTC price movements. But I think moves due to BTC would be quickly compensated for.
These are my best assessments of the chart.. not financial advise.. just observations.
Looking at the 4H chart, I've marked the waves of upward and downward pressure. If the pattern continues a wave of upward pressure may be coming next. This would make sense since the price has reached the bottom of the price floor which has been slowly ascending.
if price breaks below the floor next support would be around 33.70 and then 33.35. I think FORTH can retest the $44 point again and consolidate around $37 - $40 range.
after a period of consolidation I expect FORTH to have a major growth to upwards of $175 or more. This could take several months, or it could only take days. Hard to tell. There could definitely be unexpected moves due to BTC price movements. But I think moves due to BTC would be quickly compensated for.
These are my best assessments of the chart.. not financial advise.. just observations.
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