FORTH: Slowly Brewing

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I could see something like this playing out. Maybe not to that exact time frame, but it does look like price action is squeezing between $35 - $45. Right now, the $45 area is acting as resistance. Once volume starts coming in, this will take off. $50 and $60 would be the next areas of resistance.

If BTC dumps hard, then this idea is cancelled.

This is not financial advice. These are just my ideas and opinions.

٧ مايو ٢٠٢١

ملاحظة

4HR chart shows a cross upward on the MACD. Let's see if FORTH can maintain this upward momentum. A lot of this will also depend on Bitcoin's behavior, which is a little iffy right now. If Bitcoin dumps, this idea is most likely delayed/cancelled.

٨ مايو ٢٠٢١

ملاحظة

Bitcoin is heading toward $60K now. If the market continues this new bullish uptrend, then I'm expecting FORTH and other alts to make a move in the next couple weeks. Some alts are already showing a nice recovery.

١١ مايو ٢٠٢١

تم إغلاق الصفقة يدويًا

This idea is cancelled/delayed. Bitcoin dumped, which caused the entire market to dump. FORTH has lost previous support.