FODL Finance USD Cryptocurrency Forecast

Red day on Sunday for FODL Finance USD cryptocurrency after losing 0%
(Updated on Jun 02, 2024)

FODLUSD Signals & Forecast

Mostly positive signals in the chart today. The FODL Finance USD cryptocurrency holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $0.0012 and $0.0011. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, May 14, 2024, and so far it has risen 21.11%. 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). Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the cryptocurrency should be watched more closely at it may be a "turning point". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for FODL Finance USD cryptocurrency

FODL Finance USD finds support from accumulated volume at $0.0013 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 $0.000005 between high and low, or 0.397%. For the last week, the cryptocurrency has had daily average volatility of 8.04%.

Our recommended stop-loss: $0.0012 (-3.68%) (This cryptocurrency has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 46 days ago.)

Trading Expectations (FODLUSD) For The Upcoming Trading Day Of Monday 3rd

For the upcoming trading day on Monday, 3rd we expect FODL Finance USD to open at $0.0013, and during the day (based on 14 day Average True Range), to move between $0.0012 and $0.0013, which gives a possible trading interval of +/-$0.00007940 (+/-6.29%) up or down from last closing price. If FODL Finance USD takes out the full calculated possible swing range there will be an estimated 12.58% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.0013 (0.95%) than the resistance at $0.0013 (1.51%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is FODL Finance USD cryptocurrency A Buy?

Several short-term signals are positive, despite the cryptocurrency being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for cryptocurrency to perform well in the short-term.

Current score: 2.784 Buy Candidate Unchanged

Predicted Opening Price for FODL Finance USD of Monday, June 3, 2024

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