Flag Network USD Cryptocurrency Forecast

Big movements in Flag Network USD cryptocurrency price on Tuesday moving 12.50% between high and low
(Updated on Jun 25, 2024)

FLAGUSD Signals & Forecast

A buy signal was issued from a pivot bottom point on Wednesday, June 19, 2024, and so far it has risen 12.50%. 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). Flag Network 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 Flag Network 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 $0.00001114. On a fall, the cryptocurrency will find some support from the short-term average at $0.00000814. 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.

Support, Risk & Stop-loss for Flag Network USD cryptocurrency

On the downside, the cryptocurrency finds support just below today's level from accumulated volume at $0.000008. 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 $0.000001 between high and low, or 12.50%. For the last week, the cryptocurrency has had daily average volatility of 2.50%.

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 Wednesday 26th

For the upcoming trading day on Wednesday, 26th we expect Flag Network USD to open at $0.00000867, and during the day (based on 14 day Average True Range), to move between $0.00000821 and $0.00000979, which gives a possible trading interval of +/-$0.00000079 (+/-8.83%) up or down from last closing price. If Flag Network USD takes out the full calculated possible swing range there will be an estimated 17.66% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.00001 (11.11%) than the support at $0.000008 (11.11%), 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 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: -2.040 Sell Candidate Unchanged

Predicted Opening Price for Flag Network USD of Wednesday, June 26, 2024

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