Flag Network USD Cryptocurrency Forecast
Flag Network USD cryptocurrency price ended at $0.00001 on Monday, after losing 0%.
(Updated on Jun 17, 2024)
No changes to the price of Flag Network 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 $0.00001 to a day high of $0.00001. The price has been going up and down for this period, and there has been a -16.67% loss for the last 2 weeks.
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 -55.78% during the next 3 months and, with a 90% probability hold a price between $0.00000256 and $0.00000547 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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FLAGUSD Signals & Forecast
There are mixed signals in the cryptocurrency today. The Flag Network 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 $0.00001029 and $0.00001303. A break-up above any of these levels will issue buy signals. 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. A buy signal was issued from a pivot bottom point on Sunday, June 16, 2024, and so far it has fallen 0%. 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).
Support, Risk & Stop-loss for Flag Network USD cryptocurrency
There is no support from accumulated volume below today's level and given the right condition the cryptocurrency may perform very badly in the next couple of days.
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 7.82%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (FLAGUSD) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect Flag Network USD to open at $0.00001, and during the day (based on 14 day Average True Range), to move between $0.00000901 and $0.00001099, which gives a possible trading interval of +/-$0.00000099 (+/-9.87%) up or down from last closing price. If Flag Network USD takes out the full calculated possible swing range there will be an estimated 19.74% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $0.000011, some $0.000001 (10.00%) from the current price of $0.00001, our system finds the risk reward not very attractive.
Is Flag Network USD cryptocurrency A Buy?
Flag Network 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.
Current score: -2.458 Sell Candidate Unchanged
Predicted Opening Price for Flag Network USD of Tuesday, June 18, 2024
| Fair opening price June 18, 2024 | Current price |
|---|---|
| $0.00001 ( 0%) | $0.00001 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FLAGUSD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.00001 | - |
| R2 | 0.00001 | - |
| R1 | 0.00001 | - |
| Price | 0.00001 | |
| S1 | 0.00001 | - |
| S2 | 0.00001 | - |
| S3 | 0.00001 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0.000012 | 20.00% |
| R1 | 0.000011 | 10.00% |
| Price | 0.00001 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
FAQ
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