Financie Token USD Cryptocurrency Forecast
Is Financie Token USD cryptocurrency still a buy after falling -9.06% on Wednesday?
(Updated on Jun 05, 2024)
The Financie Token USD cryptocurrency price fell by -9.06% on the last day (Wednesday, 5th Jun 2024) from $0.0033 to $0.0030. During the last trading day the cryptocurrency fluctuated 7.90% from a day low at $0.0029 to a day high of $0.0031. The price has risen in 6 of the last 10 days and is up by 23.04% over the past 2 weeks. Volume fell on the last day along with the cryptocurrency, which is actually a good sign as volume should follow the cryptocurrency. On the last day, the trading volume fell by -11 thousand shares and in total, 50 thousand shares were bought and sold for approximately $151.42 .
The cryptocurrency lies the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $0.0033 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the cryptocurrency is expected to fall -45.48% during the next 3 months and, with a 90% probability hold a price between $0.0010 and $0.0018 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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FNCTUSD Signals & Forecast
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. The Financie Token USD cryptocurrency holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $0.0032 and $0.0031. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, June 04, 2024, and so far it has fallen -9.06%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this cryptocurrency may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Financie Token USD cryptocurrency
Financie Token USD finds support from accumulated volume at $0.0030 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This cryptocurrency may move very much during the day (volatility) and with periodic low trading volume this cryptocurrency is considered to be "very high risk". During the last day, the cryptocurrency moved $0.0002 between high and low, or 7.90%. For the last week the cryptocurrency has had daily average volatility of 10.40%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (FNCTUSD) For The Upcoming Trading Day Of Thursday 6th
For the upcoming trading day on Thursday, 6th we expect Financie Token USD to open at $0.0030, and during the day (based on 14 day Average True Range), to move between $0.0027 and $0.0033, which gives a possible trading interval of +/-$0.0003 (+/-10.71%) up or down from last closing price. If Financie Token USD takes out the full calculated possible swing range there will be an estimated 21.43% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0030 (0.80%) than the resistance at $0.0035 (16.69%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Financie Token USD cryptocurrency A Buy?
Financie Token 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this cryptocurrency since the last evaluation from a Buy to a Sell candidate.
Current score: -4.254 Sell Candidate Downgraded
Predicted Opening Price for Financie Token USD of Thursday, June 6, 2024
| Fair opening price June 6, 2024 | Current price |
|---|---|
| $0.0030 ( 0.533%) | $0.0030 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FNCTUSD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0032 | 8.20% |
| R2 | 0.0032 | 5.27% |
| R1 | 0.0031 | 3.46% |
| Price | 0.0030 | |
| S1 | 0.0029 | -2.39% |
| S2 | 0.0029 | -4.20% |
| S3 | 0.0028 | -7.13% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0037 | 23.79% |
| R2 | 0.0036 | 21.43% |
| R1 | 0.0035 | 16.69% |
| Price | 0.0030 | |
| S1 | 0.0030 | -0.80% |
| S2 | 0.0030 | -1.70% |
| S3 | 0.0026 | -14.93% |
FAQ
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