FERMA SOSEDI USD Cryptocurrency Forecast
FERMA SOSEDI USD cryptocurrency price ended at $0.110 on Sunday, after gaining 0.89%.
(Updated on Jun 16, 2024)
The FERMA SOSEDI USD cryptocurrency price gained 0.89% on the last trading day (Sunday, 16th Jun 2024), rising from $0.109 to $0.110. During the last trading day the cryptocurrency fluctuated 2.22% from a day low at $0.108 to a day high of $0.110. The price has fallen in 6 of the last 10 days and is down by -1.4% for this period. Volume fell on the last day by -923 shares and in total, 41 thousand shares were bought and sold for approximately $4.48 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 is at the lower part of a very wide and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $0.108 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect FERMA SOSEDI USD cryptocurrency with a 90% probability to be traded between $0.108 and $0.302 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and cryptocurrencies seldom manage to go directly from the bottom of a trend up to the top. Cryptocurrencies turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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FERMAUSD Signals & Forecast
The FERMA SOSEDI 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 $0.110 and $0.110. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, May 17, 2024, and so far it has risen 2.37%. Further rise is indicated until a new top pivot has been found. 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. 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 FERMA SOSEDI USD cryptocurrency
FERMA SOSEDI USD finds support from accumulated volume at $0.110 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 $0.0024 between high and low, or 2.22%. For the last week the cryptocurrency has had daily average volatility of 2.89%
Our recommended stop-loss: $0.106 (-3.75%) (This cryptocurrency has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 56 days ago.)
Trading Expectations (FERMAUSD) For The Upcoming Trading Day Of Monday 17th
For the upcoming trading day on Monday, 17th we expect FERMA SOSEDI USD to open at $0.109, and during the day (based on 14 day Average True Range), to move between $0.106 and $0.114, which gives a possible trading interval of +/-$0.0041 (+/-3.68%) up or down from last closing price. If FERMA SOSEDI USD takes out the full calculated possible swing range there will be an estimated 7.37% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.110 (0.45%) than the resistance at $0.111 (0.66%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is FERMA SOSEDI USD cryptocurrency A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for FERMA SOSEDI USD cryptocurrency to perform well in the short-term period.
Current score: 1.119 Buy Candidate Unchanged
Predicted Opening Price for FERMA SOSEDI USD of Monday, June 17, 2024
| Fair opening price June 17, 2024 | Current price |
|---|---|
| $0.109 ( 0.651%) | $0.110 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FERMAUSD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.112 | 1.52% |
| R2 | 0.111 | 0.691% |
| R1 | 0.110 | 0.178% |
| Price | 0.110 | |
| S1 | 0.108 | -1.48% |
| S2 | 0.108 | -1.99% |
| S3 | 0.107 | -2.82% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.116 | 5.15% |
| R2 | 0.112 | 1.55% |
| R1 | 0.111 | 0.664% |
| Price | 0.110 | |
| S1 | 0.110 | -0.455% |
| S2 | 0.0886 | -19.50% |
| S3 | 0.0840 | -23.62% |
FAQ
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