📊 FORTH/USDT – brief analysis, targets, and entry points!
Price and trend:
Current price: 2.988 USDT (+2.36%)
Daily range: 3.093 (max) – 2.894 (min)
The price is in a short-term uptrend, confirmed by the upward reversal of the 50 EMA.
Indicators:
EMA(7): 2.995 | EMA(25): 2.968 | EMA(99): 2.928 → bullish momentum is maintained, EMAs are aligned upwards.
MACD: line (-0.002) is close to the signal line (0.023) → momentum may weaken, watch for the crossover.
Stochastic RSI: 10.36 / 14.03 → oversold, possible bounce.
RSI(14): 54.5, RSI(7): 50.0 → neutral zone.
🎯 Entry points and targets:
➡️Entry: 2.96 – 2.99 (support EMA 25)
🎯Target 1: 3.09 (+3.3%)
🎯Target 2: 3.20 (+7.0%)
🎯Target 3: 3.35 (+12.0%)
⛔️Stop-loss: 2.88 (-3.5%)
📌 Scenarios:
Main (65%) – bullish:
A bounce from EMA (2.96–2.98) and a breakout above 3.093 will open growth towards 3.20–3.35.
Alternative (35%) – bearish:
If the price consolidates below 2.94, a decline to 2.88–2.80 is possible.
