Cellframe USD Cryptocurrency Forecast
Big movements in Cellframe USD cryptocurrency price on Tuesday moving 10.23% between high and low
(Updated on Jun 25, 2024)
The Cellframe USD cryptocurrency price gained 10.76% on the last trading day (Tuesday, 25th Jun 2024), rising from $0.409 to $0.453. During the last trading day the cryptocurrency fluctuated 10.23% from a day low at $0.424 to a day high of $0.467. The price has fallen in 6 of the last 10 days and is down by -14.8% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 27 thousand more shares were traded than the day before. In total, 440 thousand shares were bought and sold for approximately $199.09 thousand.
The cryptocurrencyhas broken the very wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is $0.432, a level that may pose a second chance to hit a runner. According to fan-theory $0.718 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
CELLUSD Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, June 24, 2024, and so far it has risen 10.76%. Further rise is indicated until a new top pivot has been found. Cellframe 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. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Cellframe 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 $0.479 and $0.628. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Cellframe USD cryptocurrency
On the downside, the cryptocurrency finds support just below today's level from accumulated volume at $0.409. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $ may give a huge drop in the cryptocurrency price.
This cryptocurrency may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this cryptocurrency is considered to be "very high risk". During the last day, the cryptocurrency moved $0.0434 between high and low, or 10.23%. For the last week, the cryptocurrency has had daily average volatility of 7.50%.
Cellframe USD is oversold on RSI14 (24). Some cryptocurrencies may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CELLUSD) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Cellframe USD to open at $0.448, and during the day (based on 14 day Average True Range), to move between $0.410 and $0.496, which gives a possible trading interval of +/-$0.0429 (+/-9.46%) up or down from last closing price. If Cellframe USD takes out the full calculated possible swing range there will be an estimated 18.93% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.475 (4.85%) than the support at $0.409 (9.72%), 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 Cellframe USD cryptocurrency A Buy?
Cellframe 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. We have upgraded our analysis conclusion for this cryptocurrency since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -4.058 Sell Candidate Upgraded
Predicted Opening Price for Cellframe USD of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $0.448 ( 1.05%) | $0.453 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CELLUSD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.491 | 8.53% |
| R2 | 0.475 | 4.87% |
| R1 | 0.465 | 2.61% |
| Price | 0.453 | |
| S1 | 0.432 | -4.71% |
| S2 | 0.421 | -6.97% |
| S3 | 0.405 | -10.63% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.558 | 23.15% |
| R2 | 0.514 | 13.51% |
| R1 | 0.475 | 4.85% |
| Price | 0.453 | |
| S1 | 0.409 | -9.72% |
| S2 | 0 | - |
| S3 | 0 | - |
FAQ
Click here for our free guide on how to buy Cellframe USD Cryptocurrency.
