Extra Finance USD Cryptocurrency Forecast
Extra Finance USD cryptocurrency upgraded from Hold/Accumulate to Buy Candidate after Saturday trading session.
(Updated on Jun 01, 2024)
The Extra Finance USD cryptocurrency price gained 1.21% on the last trading day (Saturday, 1st Jun 2024), rising from $0.128 to $0.130. During the last trading day the cryptocurrency fluctuated 1.66% from a day low at $0.128 to a day high of $0.130. The price has risen in 6 of the last 10 days but is still down by -3.69% for this period. Volume fell on the last day by -8 thousand shares and in total, 59 thousand shares were bought and sold for approximately $7.63 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The cryptocurrency lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.0963 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the cryptocurrency is expected to rise 23.45% during the next 3 months and, with a 90% probability hold a price between $0.119 and $0.347 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
EXTRAUSD Signals & Forecast
The Extra 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 $0.130 and $0.121. 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 Wednesday, March 27, 2024, and so far it has fallen -46.57%. 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 Extra Finance USD cryptocurrency
On the downside, the cryptocurrency finds support just below today's level from accumulated volume at $0.119 and $0.116. There is a natural risk involved when a cryptocurrency is testing a support level, since if this is broken, the cryptocurrency then may fall to the next support level. In this case, Extra Finance USD finds support just below today's level at $0.119. If this is broken, then the next support from accumulated volume will be at $0.116 and $0.110.
This cryptocurrency may move much during the day (volatility) and with periodic low trading volume this cryptocurrency is considered to be "high risk". During the last day, the cryptocurrency moved $0.0021 between high and low, or 1.66%. For the last week the cryptocurrency has had daily average volatility of 4.06%.
Our recommended stop-loss: $0.123 (-5.20%) (This cryptocurrency has high daily movements and this gives high risk. There is a sell signal from a pivot top found 88 days ago.)
Trading Expectations (EXTRAUSD) For The Upcoming Trading Day Of Sunday 2nd
For the upcoming trading day on Sunday, 2nd we expect Extra Finance USD to open at $0.129, and during the day (based on 14 day Average True Range), to move between $0.123 and $0.136, which gives a possible trading interval of +/-$0.0065 (+/-4.99%) up or down from last closing price. If Extra Finance USD takes out the full calculated possible swing range there will be an estimated 9.98% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.136 (5.03%) than the support at $0.119 (8.07%), 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 Extra Finance USD cryptocurrency A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Extra Finance USD 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: 2.372 Buy Candidate Upgraded
Predicted Opening Price for Extra Finance USD of Sunday, June 2, 2024
| Fair opening price June 2, 2024 | Current price |
|---|---|
| $0.129 ( 0.443%) | $0.130 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EXTRAUSD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.131 | 1.19 % | |
| R2 | 0.130 | 0.569 % | ||
| R1 | 0.130 | 0.183 % | ||
| Current price: | 0.130 | |||
| Support | S1 | 0.128 | -1.07 % | |
| S2 | 0.128 | -1.45 % | ||
| S3 | 0.127 | -2.08 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.149 | 14.76 % | |
| R2 | 0.144 | 10.83 % | ||
| R1 | 0.136 | 5.03 % | ||
| Current price | 0.130 | |||
| Support | S1 | 0.119 | -8.07% | |
| S2 | 0.116 | -10.40% | ||
| S3 | 0.110 | -15.45% |
FAQ
Click here for our free guide on how to buy Extra Finance USD Cryptocurrency.
