Defira USD Cryptocurrency Forecast
Strong day for Defira USD cryptocurrency price on Friday rising 6.89% to $0.0022
(Updated on May 31, 2024)
The Defira USD cryptocurrency price gained 6.89% on the last trading day (Friday, 31st May 2024), rising from $0.0020 to $0.0022. During the last trading day the cryptocurrency fluctuated 9.99% from a day low at $0.0020 to a day high of $0.0022. The price has fallen in 6 of the last 10 days and is down by -26.86% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 82 more shares were traded than the day before. In total, 691 shares were bought and sold for approximately $1.49 .
The cryptocurrency lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.0019 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the cryptocurrency is expected to fall -66.22% during the next 3 months and, with a 90% probability hold a price between $0.0007 and $0.0014 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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FIRAUSD Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, May 30, 2024, and so far it has risen 6.89%. Further rise is indicated until a new top pivot has been found. Defira 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 Defira USD cryptocurrency holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $0.0025 and $0.0041. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Defira USD cryptocurrency
On the downside, the cryptocurrency finds support just below today's level from accumulated volume at $0.0020. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $ may give a huge drop in the cryptocurrency price.
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 $0.0002 between high and low, or 9.99%. For the last week, the cryptocurrency has had daily average volatility of 10.64%.
Defira USD is oversold on RSI14 (7). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (FIRAUSD) For The Upcoming Trading Day Of Saturday 1st
For the upcoming trading day on Saturday, 1st we expect Defira USD to open at $0.0021, and during the day (based on 14 day Average True Range), to move between $0.0019 and $0.0024, which gives a possible trading interval of +/-$0.0003 (+/-13.19%) up or down from last closing price. If Defira USD takes out the full calculated possible swing range there will be an estimated 26.37% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0020 (6.44%) than the resistance at $0.0025 (13.95%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Defira USD cryptocurrency A Buy?
Defira USD holds several negative signals and is within a very wide and falling trend, so we believe 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: -3.599 Sell Candidate Upgraded
Predicted Opening Price for Defira USD of Saturday, June 1, 2024
| Fair opening price June 1, 2024 | Current price |
|---|---|
| $0.0021 ( 3.03%) | $0.0022 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FIRAUSD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0023 | 6.06 % | |
| R2 | 0.0022 | 2.59 % | ||
| R1 | 0.0022 | 0.442 % | ||
| Current price: | 0.0022 | |||
| Support | S1 | 0.0020 | -6.50 % | |
| S2 | 0.0020 | -8.64 % | ||
| S3 | 0.0019 | -12.12 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0026 | 22.35 % | |
| R2 | 0.0026 | 19.43 % | ||
| R1 | 0.0025 | 13.95 % | ||
| Current price | 0.0022 | |||
| Support | S1 | 0.0020 | -6.44% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
FAQ
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