Ampleforth Governance Token – FORTH USD price live update with interactive analytical tools to study chart patterns.
About Ampleforth Governance Token (FORTH):
Ampleforth Governance Token (FORTH) is a cryptocurrency that powers Ampleforth, a protocol that automatically adjusts the supply of its native token, AMPL, in response to demand. The AMPL protocol automatically adjusts supply in response to demand. When the price is high, wallet balances increase. When the price is low, wallet balances decrease.
FORTH is Ampleforth’s governance token. FORTH holders can vote on proposed changes to the Ampleforth protocol or delegate their votes to representatives who vote on their behalf.
The token was distributed to everyone who interacted with Ample on-chain before the snapshot block was taken on 03/30/21. Over 80,000 people have interacted with Ample in the token’s two-year history, with over $5B in on-chain volume exchanged across Uniswap, Sushiswap, Balancer, and more.
To know about the Governance token’s far-reaching impact on Defi protocols, read here.
Helpful technical indicators to study Ampleforth Governance Token (FORTH) USD price movement:
Technical Analysis through the use of charts or volume analysis helps to forecast future Ampleforth Governance Token (FORTH) USD price trends, however, do remember always that analysis can’t make absolute predictions about the future. Therefore, trade with caution.
The following are some of the technical indicators which could be useful for anticipating the most likely Ampleforth Governance Token – FORTH USD price movement.
Moving average convergence divergence (MACD)
MACD is calculated by subtracting the 26-period Exponential Moving Average (EMA) from the 12-period EMA. The result of that calculation is the MACD line. A nine-day EMA of the MACD called the “signal line” is then plotted in addition to the MACD line which together functions as a trigger for buying or selling an asset – Ampleforth Governance Token (FORTH).
Traders may buy the Ampleforth Governance Token – FORTH when the MACD crosses above its signal line (orange line) and sell, or short the Ampleforth Governance Token cryptocurrency – FORTH when the MACD (blue line) crosses below the signal line.
Another MACD strategy is to look at which side of zero the MACD lines are. Potential buy signals occur when the MACD moves above zero, and potential sell signals when it crosses below zero – Above zero for a sustained period of time, and the trend is likely up or Below zero for a sustained period of time, and the trend is likely down.
Relative Strength Index (RSI)
RSI is an indicator that evaluates overbought or oversold conditions in the price of an asset. The RSI is a line graph that moves between two extremes and has a reading from 0 to 100. Traditional usage of the RSI is that:
- RSI values of 70 or above indicate that an asset is becoming overbought and prime for a trend reversal or experiencing a correction in the asset USD price.
- An RSI reading of 30 or below indicates an oversold or undervalued condition.
Moving average (MA) of FORTH USD price
MA is the average closing price over a given number of periods. The 200-day simple moving average is one of the most-watched activities in the price charts by mostly all experienced traders. There are two basic signals in relation to the moving average:
- If the token price is above the X-day SMA, this signals a bullish movement.
- If the token price is below the X-day SMA, this signals a bearish movement.
MA(50,200) Crossover
Another important signal is a crossover between the 50-day and the 200-day moving averages.
- When the 50-day moving average (MA) crosses above the 200-day MA, it is called a golden cross. It signals that a new bullish Ampleforth Governance Token (FORTH) USD price trend is starting.
- When the 50-day MA crosses below the 200-day MA, it is known as the death cross (bearish crossover). This is a sign that a bear market may be starting.
On balance volume (OBV)
OBV is another technical trading momentum indicator that uses volume flow to predict changes in the stock price. A rising price should be accompanied by a rising OBV; a falling price should be accompanied by a falling OBV.
- If OBV is rising and the price isn’t, then the price is likely to follow the OBV.
- If the Ampleforth Governance Token USD price is rising and OBV is flat-lining or falling, the price may be near the top.
- In case the FORTH price against USD is falling and OBV is flat-lining or rising, then the price could be nearing a bottom.
Helpful chart patterns to remember while studying price movement
- Head and Shoulders
- Cup and Handle (bullish)
- Triangles (Symmetrical, Ascending, and Descending)
- Double top and bottom [M (bearish) and W (bullish)]
- Triple Tops (bearish) & Bottoms (bullish)
- Elliott Wave theory