Ichimoku Analysis (4-hour chart)
Tenken-Sen- 0.18353
Kijun-Sen- 0.18353
FORTUSD surged more than 60% after a massive sell-off.
Any daily close above $0.220 confirms further bullishness.
FORTUSD has gained more than 65% in the past two weeks. The pair holds above the short-term (21 and 55 EMA) and below the long-term moving average in the 4-hour chart. It hit a high of $0.2112 and is currently trading around $4.73.
The bullish invalidation can happen if the pair closes below $0.080. On the lower side, the near-term support is $0.150. Any close below targets $0.12/$0.10.
The pair's near-term resistance is around $0.220. Any breach above confirms minor bullishness. A jump to $0.260/ $0.30/$0.3885 is possible. A surge past $0.40 will take it to $0.50/$0.60.
It is good to buy on dips around $0.150 with SL around $0.10 for TP of $0.50.
