Buffer Finance USD Cryptocurrency Forecast
Buffer Finance USD cryptocurrency price up 0.82% on Tuesday
(Updated on Jun 25, 2024)
The Buffer Finance USD cryptocurrency price gained 0.82% on the last trading day (Tuesday, 25th Jun 2024), rising from $0.0191 to $0.0193. During the last trading day the cryptocurrency fluctuated 0.82% from a day low at $0.0191 to a day high of $0.0193. The price has fallen in 8 of the last 10 days and is down by -5.16% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 2 more shares were traded than the day before. In total, 11 shares were bought and sold for approximately $0.212 .
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 -24.12% during the next 3 months and, with a 90% probability hold a price between $0.0122 and $0.0190 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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BFRUSD Signals & Forecast
There are mixed signals in the cryptocurrency today. The Buffer Finance USD cryptocurrency holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $0.0198 and $0.0228. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Monday, June 10, 2024, and so far it has risen 10.47%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Buffer Finance USD has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Buffer Finance USD cryptocurrency
Buffer Finance USD finds support from accumulated volume at $0.0191 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This cryptocurrency may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this cryptocurrency is considered to be "high risk". During the last day, the cryptocurrency moved $0.0002 between high and low, or 0.82%. For the last week, the cryptocurrency has had daily average volatility of 1.46%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (BFRUSD) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Buffer Finance USD to open at $0.0192, and during the day (based on 14 day Average True Range), to move between $0.0186 and $0.0199, which gives a possible trading interval of +/-$0.0007 (+/-3.39%) up or down from last closing price. If Buffer Finance USD takes out the full calculated possible swing range there will be an estimated 6.78% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0191 (0.81%) than the resistance at $0.0199 (3.47%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Buffer Finance USD cryptocurrency A Buy?
Buffer Finance USD holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this cryptocurrency.
Current score: -2.706 Sell Candidate Unchanged
Predicted Opening Price for Buffer Finance USD of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $0.0192 ( 0.270%) | $0.0193 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BFRUSD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0194 | 0.540% |
| R2 | 0.0193 | 0.231% |
| R1 | 0.0193 | 0.0394% |
| Price | 0.0193 | |
| S1 | 0.0191 | -0.580% |
| S2 | 0.0191 | -0.771% |
| S3 | 0.0190 | -1.08% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0218 | 13.31% |
| R2 | 0.0216 | 12.39% |
| R1 | 0.0199 | 3.47% |
| Price | 0.0193 | |
| S1 | 0.0191 | -0.81% |
| S2 | 0.0190 | -1.21% |
| S3 | 0.0174 | -9.47% |
FAQ
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