FantOHM USD Cryptocurrency Forecast

A very strong day for FantOHM USD cryptocurrency price on Monday
(Updated on May 20, 2024)

FHMUSD Signals & Forecast

Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). FantOHM 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. The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. The FantOHM USD cryptocurrency holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the cryptocurrency giving a more negative forecast for the stock. On further gains, the cryptocurrency will meet resistance from the long-term Moving Average at $0.149. On a fall, the cryptocurrency will find some support from the short-term average at $0.131. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Tuesday, March 19, 2024, and so far it has fallen -71.63%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for FantOHM USD cryptocurrency

FantOHM USD finds support from accumulated volume at $0.139 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

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 $0.0075 between high and low, or 5.68%. For the last week, the cryptocurrency has had daily average volatility of 3.72%.

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

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

For the upcoming trading day on Tuesday, 21st we expect FantOHM USD to open at $0.137, and during the day (based on 14 day Average True Range), to move between $0.127 and $0.152, which gives a possible trading interval of +/-$0.0128 (+/-9.17%) up or down from last closing price. If FantOHM USD takes out the full calculated possible swing range there will be an estimated 18.34% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.139 (0.81%) than the resistance at $0.149 (7.01%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is FantOHM USD cryptocurrency A Buy?

FantOHM USD holds several negative signals and we believe that 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: -3.518 Sell Candidate Upgraded

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

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