FORTH / TetherUSLong
FORTH - Is it worth investing in FORTH ?
Updated
About FORTH (Ampleforth Governance Token Coin)
FORTH is the native governance token that powers Ampleforth, a protocol that automatically adjusts the supply of its native token, AMPL, in response to demand. FORTH holders can vote on proposed changes to the Ampleforth protocol or delegate their votes to representatives who vote on their behalf. It has a circulating supply of 8.3 Million FORTH coins (at the time of writing) and a max supply of 15 Million.
FORTH has been launched on April 21 2021 on Coinbase Pro and Binance and has also been airdropped to a lot of Ampleforth holders.
Current Market Cap is $315,258,838
When we calculate the price Market Cap of $315,258,838 divided by the current supply 8,294,858 then we end up around $38 (at the time of writing)
The Market Cap of FORTH will very easily go above 1 million. If we make then our calculation, FORTH will be worth more than $100
When we look at the chart FORTH-USDT we can see that FORTH has reached the support level around $37. If we drop below this support level we will probably see $32 again.
Wait for the reversal to get in. With this I mean, look at the 15minute and 1hour chart when 20ema crosses above the 50sma or when we break out of the descending triangle.
My targets for the long run:
° 42.317 (.382 fib)
° 45.520 (.5 fib)
° 48.722 (.618)
° 53.282 (.786)
° 55.996 (.886)
° 59.090 (1)
° 66.472 (1.272)
° 75.862 (1.618)
° 92.743 (2.24)
° 103.002 (2.618)
Don't forget to get profit or set alerts when we hit the next fib levels.
You can always buy it back when it tracing back. It will not go in one straight line up.
Also keep a close eye on BTC . If BTC starts to pump it is better to move some of your profits into BTC .
Your end goal should always be to increase your BTC amount.
Cheers and have fun.
° Be Patient – Don’t panic – Trade Emotionless.
° Never lose a winning trade. You can always get back in later.
FORTH is the native governance token that powers Ampleforth, a protocol that automatically adjusts the supply of its native token, AMPL, in response to demand. FORTH holders can vote on proposed changes to the Ampleforth protocol or delegate their votes to representatives who vote on their behalf. It has a circulating supply of 8.3 Million FORTH coins (at the time of writing) and a max supply of 15 Million.
FORTH has been launched on April 21 2021 on Coinbase Pro and Binance and has also been airdropped to a lot of Ampleforth holders.
Current Market Cap is $315,258,838
When we calculate the price Market Cap of $315,258,838 divided by the current supply 8,294,858 then we end up around $38 (at the time of writing)
The Market Cap of FORTH will very easily go above 1 million. If we make then our calculation, FORTH will be worth more than $100
When we look at the chart FORTH-USDT we can see that FORTH has reached the support level around $37. If we drop below this support level we will probably see $32 again.
Wait for the reversal to get in. With this I mean, look at the 15minute and 1hour chart when 20ema crosses above the 50sma or when we break out of the descending triangle.
My targets for the long run:
° 42.317 (.382 fib)
° 45.520 (.5 fib)
° 48.722 (.618)
° 53.282 (.786)
° 55.996 (.886)
° 59.090 (1)
° 66.472 (1.272)
° 75.862 (1.618)
° 92.743 (2.24)
° 103.002 (2.618)
Don't forget to get profit or set alerts when we hit the next fib levels.
You can always buy it back when it tracing back. It will not go in one straight line up.
Also keep a close eye on BTC . If BTC starts to pump it is better to move some of your profits into BTC .
Your end goal should always be to increase your BTC amount.
Cheers and have fun.
° Be Patient – Don’t panic – Trade Emotionless.
° Never lose a winning trade. You can always get back in later.
Note
Correction,The Market Cap of FORTH will very easily go above 1 BILLION. If we make then our calculation, FORTH will be worth more than $100
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