Best Fintech Investment Coin USD Cryptocurrency Forecast
Weaker technical forecast for Best Fintech Investment Coin USD as cryptocurrency downgraded to Sell Candidate.
(Updated on Apr 27, 2024)
The Best Fintech Investment Coin USD cryptocurrency price fell by -0.0438% on the last day (Saturday, 27th Apr 2024) from $10.91 to $10.90. It has now fallen 3 days in a row. During the last trading day the cryptocurrency fluctuated 5.56% from a day low at $10.45 to a day high of $11.03. The price has fallen in 6 of the last 10 days and is down by -4.74% for this period. Volume has increased on the last day by 5 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 9 million shares were bought and sold for approximately $94.74 million.
The cryptocurrency lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the cryptocurrency is expected to fall -29.16% during the next 3 months and, with a 90% probability hold a price between $5.47 and $8.33 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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BFICUSD Signals & Forecast
The Best Fintech Investment Coin USD cryptocurrency holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the cryptocurrency giving a positive forecast for the stock. On further gains, the cryptocurrency will meet resistance from the short-term Moving Average at approximately $11.21. On a fall, the cryptocurrency will find some support from the long-term average at approximately $10.81. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Tuesday, April 09, 2024, and so far it has fallen -14.51%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the cryptocurrency should be followed more closely.
Support, Risk & Stop-loss for Best Fintech Investment Coin USD cryptocurrency
Best Fintech Investment Coin USD finds support from accumulated volume at $10.42 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This cryptocurrency has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the cryptocurrency moved $0.581 between high and low, or 5.56%. For the last week, the cryptocurrency has had daily average volatility of 6.81%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (BFICUSD) For The Upcoming Trading Day Of Sunday 28th
For the upcoming trading day on Sunday, 28th we expect Best Fintech Investment Coin USD to open at $10.80, and during the day (based on 14 day Average True Range), to move between $9.96 and $11.85, which gives a possible trading interval of +/-$0.94 (+/-8.64%) up or down from last closing price. If Best Fintech Investment Coin USD takes out the full calculated possible swing range there will be an estimated 17.28% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $11.14 (2.17%) than the support at $10.42 (4.41%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Best Fintech Investment Coin USD cryptocurrency A Buy?
Best Fintech Investment Coin USD holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this cryptocurrency. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this cryptocurrency since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -2.284 Sell Candidate Downgraded
Predicted Opening Price for Best Fintech Investment Coin USD of Sunday, April 28, 2024
| Fair opening price April 28, 2024 | Current price |
|---|---|
| $10.80 ( 0.98%) | $10.90 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BFICUSD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 11.38 | 4.35 % | |
| R2 | 11.16 | 2.32 % | ||
| R1 | 11.02 | 1.06 % | ||
| Current price: | 10.90 | |||
| Support | S1 | 10.57 | -3.01 % | |
| S2 | 10.44 | -4.27 % | ||
| S3 | 10.22 | -6.31 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 12.75 | 16.97 % | |
| R2 | 11.77 | 7.97 % | ||
| R1 | 11.14 | 2.17 % | ||
| Current price | 10.90 | |||
| Support | S1 | 10.42 | -4.41% | |
| S2 | 10.27 | -5.84% | ||
| S3 | 9.86 | -9.60% |
FAQ
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