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FIO Protocol / US Dollar Cryptocurrency Forecast

$0.0292
+0 (+0%)
At Close: Jun 17, 2024
RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of FIOUSD
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FIO Protocol / US Dollar cryptocurrency price ended at $0.0292 on Monday, after losing 0%.
(Updated on Jun 17, 2024)

Sell candidate since Jun 07, 2024 Loss -11.63% PDF

No changes to the price of FIO Protocol / US Dollar cryptocurrency on the last trading day (Monday, 17th Jun 2024). During the last trading day the cryptocurrency fluctuated 0% from a day low at $0.0292 to a day high of $0.0292. The price has fallen in 7 of the last 10 days and is down by -11.63% for this period.

The cryptocurrency lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the cryptocurrency is expected to fall -31.54% during the next 3 months and, with a 90% probability hold a price between $0.0150 and $0.0265 at the end of this 3-month period. 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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FIOUSD Signals & Forecast

There are mixed signals in the cryptocurrency today. The FIO Protocol / US Dollar 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 $0.0324. On a fall, the cryptocurrency will find some support from the short-term average at $0.0291. 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 Saturday, June 15, 2024, and so far it has fallen -0.782%. 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 FIO Protocol / US Dollar cryptocurrency

FIO Protocol / US Dollar finds support from accumulated volume at $0.0288 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 between high and low, or 0%. For the last week the cryptocurrency has had daily average volatility of 5.06%

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

Trading Expectations (FIOUSD) For The Upcoming Trading Day Of Tuesday 18th

For the upcoming trading day on Tuesday, 18th we expect FIO Protocol / US Dollar to open at $0.0292, and during the day (based on 14 day Average True Range), to move between $0.0275 and $0.0309, which gives a possible trading interval of +/-$0.0017 (+/-5.94%) up or down from last closing price. If FIO Protocol / US Dollar takes out the full calculated possible swing range there will be an estimated 11.87% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.0288 (1.39%) than the resistance at $0.0329 (12.78%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is FIO Protocol / US Dollar cryptocurrency A Buy?

FIO Protocol / US Dollar 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.

Current score: -4.280 Sell Candidate Unchanged

Predicted Opening Price for FIO Protocol / US Dollar of Tuesday, June 18, 2024

Fair opening price June 18, 2024 Current price
$0.0292 ( 0.00000000%) $0.0292

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

Trading levels for FIOUSD

Fibonacci Support & Resistance Levels

Level Price
R3 0.0292 0.00000000%
R2 0.0292 0.00000000%
R1 0.0292 0.00000000%
Price 0.0292
S1 0.0292 0.00000000%
S2 0.0292 0.00000000%
S3 0.0292 0.00000000%

Accumulated Volume Support & Resistance Levels

Level Price
R3 0.0344 17.85%
R2 0.0335 14.90%
R1 0.0329 12.78%
Price 0.0292
S1 0.0288 -1.39%
S2 0.0282 -3.39%
S3 0 -

FAQ

What is the symbol for FIO Protocol / US Dollar Cryptocurrency and on which exchange is it traded?
The symbol for FIO Protocol / US Dollar is FIOUSD and it is traded on the CRYPTO (Cryptocurrencies).

Should I buy or sell FIO Protocol / US Dollar Cryptocurrency?
FIO Protocol / US Dollar 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.

How to buy FIO Protocol / US Dollar Cryptocurrency?
FIO Protocol / US Dollar Cryptocurrency can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy FIO Protocol / US Dollar Cryptocurrency.

What's the current price of FIO Protocol / US Dollar Cryptocurrency?
As of the end of day on the Jun 17, 2024, the price of an FIO Protocol / US Dollar (FIOUSD) share was $0.0292.

What is the 52-week high and low for FIO Protocol / US Dollar Cryptocurrency?
The 52-week high for FIO Protocol / US Dollar Cryptocurrency is $0.0688 and the 52-week low is $0.0169.
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