Floki Cash USD Cryptocurrency Forecast

Red day on Wednesday for Floki Cash USD cryptocurrency after losing 3.28%
(Updated on May 01, 2024)

FLOKICASHUSD Signals & Forecast

The Floki Cash USD cryptocurrency holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the cryptocurrency giving a positive forecast for the stock. On further gains, the cryptocurrency will meet resistance from the short-term Moving Average at approximately $0.00000000. On a fall, the cryptocurrency will find some support from the long-term average at approximately $0.00000000. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Thursday, April 25, 2024, and so far it has fallen -10.06%. Further fall is indicated until a new bottom pivot has been found. Floki Cash USD gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Floki Cash USD cryptocurrency

Floki Cash USD finds support from accumulated volume at $0.00000000 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This cryptocurrency has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the cryptocurrency moved $0.00000000 between high and low, or 5.76%. For the last week, the cryptocurrency has had daily average volatility of 4.04%.

Our recommended stop-loss: $0.00000000 (-4.82%) (This cryptocurrency has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 6 days ago.)

Trading Expectations (FLOKICASHUSD) For The Upcoming Trading Day Of Thursday 2nd

For the upcoming trading day on Thursday, 2nd we expect Floki Cash USD to open at $0.00000000, and during the day (based on 14 day Average True Range), to move between $0.00000000 and $0.00000000, which gives a possible trading interval of +/-$0.00000000 (+/-4.30%) up or down from last closing price. If Floki Cash USD takes out the full calculated possible swing range there will be an estimated 8.61% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.00000000 (2.37%) than the resistance at $0.00000000 (3.46%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Floki Cash USD cryptocurrency A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Floki Cash USD cryptocurrency to perform well in the short-term.

Current score: 1.439 Buy Candidate Unchanged

Predicted Opening Price for Floki Cash USD of Thursday, May 2, 2024

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