Furucombo / US Dollar Cryptocurrency Forecast

Furucombo / US Dollar cryptocurrency price ended at $0.665 on Monday, after losing 0%.
(Updated on Jun 24, 2024)

COMBOUSD Signals & Forecast

A buy signal was issued from a pivot bottom point on Sunday, June 23, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Furucombo / US Dollar 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 $0.702 and $0.732. 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). Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.

Buy

Special Signal Notification

Double Bottom Formation

A buy signal from a double bottom formation was found on Wednesday, May 15, 2024 and based on theory for this formation the price should go up by 11.24% to $0.739 within 13 trading days since signal was issued (Tuesday, May 28, 2024).

Support, Risk & Stop-loss for Furucombo / US Dollar cryptocurrency

Furucombo / US Dollar finds support from accumulated volume at $0.660 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the cryptocurrency tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the cryptocurrency During the last day, the cryptocurrency moved $0 between high and low, or 0%. For the last week the cryptocurrency has had daily average volatility of 5.67%

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (COMBOUSD) For The Upcoming Trading Day Of Tuesday 25th

For the upcoming trading day on Tuesday, 25th we expect Furucombo / US Dollar to open at $0.665, and during the day (based on 14 day Average True Range), to move between $0.601 and $0.729, which gives a possible trading interval of +/-$0.0640 (+/-9.63%) up or down from last closing price. If Furucombo / US Dollar takes out the full calculated possible swing range there will be an estimated 19.27% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.660 (0.66%) than the resistance at $0.695 (4.48%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Furucombo / US Dollar cryptocurrency A Buy?

Furucombo / US Dollar 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.

Current score: -1.888 Sell Candidate Unchanged

Predicted Opening Price for Furucombo / US Dollar of Tuesday, June 25, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.