Boo Finance USD Cryptocurrency Forecast
On Monday, Boo Finance USD cryptocurrency price gained an impressive 7.97%
(Updated on May 20, 2024)
The Boo Finance USD cryptocurrency price gained 7.97% on the last trading day (Monday, 20th May 2024), rising from $0.0019 to $0.0021. During the last trading day the cryptocurrency fluctuated 8.96% from a day low at $0.0019 to a day high of $0.0021. The price has fallen in 5 of the last 10 days but is still up by 13.06% over the past 2 weeks.
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 -25.51% during the next 3 months and, with a 90% probability hold a price between $0.0009 and $0.0021 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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BOOFIUSD Signals & Forecast
The Boo Finance USD cryptocurrency holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $0.0019 and $0.0019. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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, March 12, 2024, and so far it has fallen -40.20%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Boo Finance USD cryptocurrency
Boo Finance USD finds support from accumulated volume at $0.0020 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, but be aware of low or falling volume as this increases the risk. During the last day, the cryptocurrency moved $0.0002 between high and low, or 8.96%. For the last week the cryptocurrency has had daily average volatility of 5.23%.
Our recommended stop-loss: $0.0020 (-5.40%) (This cryptocurrency has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 114 days ago.)
Trading Expectations (BOOFIUSD) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect Boo Finance USD to open at $0.0020, and during the day (based on 14 day Average True Range), to move between $0.0020 and $0.0022, which gives a possible trading interval of +/-$0.0001 (+/-5.08%) up or down from last closing price. If Boo Finance USD takes out the full calculated possible swing range there will be an estimated 10.17% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0020 (3.40%) than the resistance at $0.0023 (10.69%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Boo Finance USD cryptocurrency A Buy?
Several short-term signals are positive, despite the cryptocurrency being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for cryptocurrency to perform well in the short-term. We have upgraded our analysis conclusion for this cryptocurrency since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 3.121 Buy Candidate Upgraded
Predicted Opening Price for Boo Finance USD of Tuesday, May 21, 2024
Fair opening price May 21, 2024 | Current price |
---|---|
$0.0020 ( 2.62%) | $0.0021 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BOOFIUSD
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.0022 | 5.62 % | |
R2 | 0.0021 | 2.47 % | ||
R1 | 0.0021 | 0.529 % | ||
Current price: | 0.0021 | |||
Support | S1 | 0.0020 | -5.77 % | |
S2 | 0.0019 | -7.71 % | ||
S3 | 0.0019 | -10.86 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.0024 | 15.48 % | |
R2 | 0.0024 | 12.60 % | ||
R1 | 0.0023 | 10.69 % | ||
Current price | 0.0021 | |||
Support | S1 | 0.0020 | -3.40% | |
S2 | 0.0020 | -3.74% | ||
S3 | 0.0019 | -7.38% |
FAQ
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