Fidira USD Cryptocurrency Forecast
Fidira USD cryptocurrency downgraded from Buy Candidate to Hold/Accumulate after Monday trading session.
(Updated on Jun 17, 2024)
No changes to the price of Fidira USD cryptocurrency on the last trading day (Monday, 17th Jun 2024). During the last trading day the cryptocurrency fluctuated 0% from a day low at $0.0058 to a day high of $0.0058. The price has risen in 5 of the last 10 days but is still down by -1.28% for this period.
The cryptocurrency lies the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $0.0066 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Due to the high volatility and the trend direction we are not able to give forecast range for this stock. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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FIDUSD Signals & Forecast
The Fidira USD cryptocurrency holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the cryptocurrency has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $0.0057 and $0.0057. A breakdown below any of these levels will issue sell signals. 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 Sunday, June 16, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. 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.
Support, Risk & Stop-loss for Fidira USD cryptocurrency
On the downside, the cryptocurrency finds support just below today's level from accumulated volume at $0.0051 and $0.0049. 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, Fidira USD finds support just below today's level at $0.0051. If this is broken, then the next support from accumulated volume will be at $0.0049 and $0.0048.
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 2.43%
Our recommended stop-loss: $0.0056 (-4.14%) (This cryptocurrency has low daily movements and this gives low risk. There is a sell signal from a pivot top found 47 days ago.)
Trading Expectations (FIDUSD) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect Fidira USD to open at $0.0058, and during the day (based on 14 day Average True Range), to move between $0.0056 and $0.0060, which gives a possible trading interval of +/-$0.0002 (+/-3.14%) up or down from last closing price. If Fidira USD takes out the full calculated possible swing range there will be an estimated 6.28% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0059 (1.62%) than the support at $0.0051 (11.34%), 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 Fidira USD cryptocurrency A Buy?
Fidira USD holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this cryptocurrency since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: -0.423 Hold/Accumulate Downgraded
Predicted Opening Price for Fidira USD of Tuesday, June 18, 2024
Fair opening price June 18, 2024 | Current price |
---|---|
$0.0058 ( 0%) | $0.0058 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FIDUSD
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.0058 | - |
R2 | 0.0058 | - |
R1 | 0.0058 | - |
Price | 0.0058 | |
S1 | 0.0058 | - |
S2 | 0.0058 | - |
S3 | 0.0058 | - |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.0061 | 5.71% |
R2 | 0.0060 | 3.07% |
R1 | 0.0059 | 1.62% |
Price | 0.0058 | |
S1 | 0.0051 | -11.34% |
S2 | 0.0049 | -16.26% |
S3 | 0.0048 | -17.28% |
FAQ
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