Friendz USD Cryptocurrency Forecast

On Monday, Friendz USD cryptocurrency price gained an impressive 7.08%
(Updated on May 20, 2024)

FDZUSD Signals & Forecast

The Friendz 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 $0.0002 and $0.0002. 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 13, 2024, and so far it has fallen -6.92%. 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 Friendz USD cryptocurrency

On the downside, the cryptocurrency finds support just below today's level from accumulated volume at $0.0002 and $0.0002. 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, Friendz USD finds support just below today's level at $0.0002. If this is broken, then the next support from accumulated volume will be at $0.0002 and $0.0002.

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 $0.000016 between high and low, or 7.05%. For the last week the cryptocurrency has had daily average volatility of 2.93%.

Our recommended stop-loss: $0.0002 (-5.14%) (This cryptocurrency has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 82 days ago.)

Trading Expectations (FDZUSD) For The Upcoming Trading Day Of Tuesday 21st

For the upcoming trading day on Tuesday, 21st we expect Friendz USD to open at $0.0002, and during the day (based on 14 day Average True Range), to move between $0.0002 and $0.0003, which gives a possible trading interval of +/-$0.00001071 (+/-4.43%) up or down from last closing price. If Friendz USD takes out the full calculated possible swing range there will be an estimated 8.85% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.0002 (0.83%) than the support at $0.0002 (7.44%), 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 Friendz 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 Friendz 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: 3.887 Buy Candidate Upgraded

Predicted Opening Price for Friendz USD of Tuesday, May 21, 2024

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