handleFOREX USD Cryptocurrency Forecast
Big movements in handleFOREX USD cryptocurrency price on Friday moving 21.15% between high and low
(Updated on Jun 28, 2024)
The handleFOREX USD cryptocurrency price fell by -32.73% on the last day (Friday, 28th Jun 2024) from $0.0023 to $0.0016. It has now fallen 4 days in a row. During the last trading day the cryptocurrency fluctuated 21.15% from a day low at $0.0016 to a day high of $0.0019. The price has fallen in 7 of the last 10 days and is down by -65.19% for this period. 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 -28 thousand shares and in total, 16 thousand shares were bought and sold for approximately $25.34 .
The cryptocurrency has broken the very wide and falling short-term trend down. Firstly a stronger fallrate is indicated, but false breaks and "sell-off" may occur. However, a further fall is realistic and any reactions back to the breaking point ($0.0037) are considered to be a "second chance" to get out. According to the fan-theory $0.0018 will represent the new bottom line of the next trend, but it is far too early to say this for certain.
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FOREXUSD Signals & Forecast
There are few to no technical positive signals at the moment. The handleFOREX 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 $0.0035 and $0.0049. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, June 05, 2024, and so far it has fallen -72.81%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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 handleFOREX 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.
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 $0.0003 between high and low, or 21.15%. For the last week the cryptocurrency has had daily average volatility of 23.23%.
handleFOREX USD is oversold on RSI14 (11). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (FOREXUSD) For The Upcoming Trading Day Of Saturday 29th
For the upcoming trading day on Saturday, 29th we expect handleFOREX USD to open at $0.0017, and during the day (based on 14 day Average True Range), to move between $0.0012 and $0.0020, which gives a possible trading interval of +/-$0.0004 (+/-25.24%) up or down from last closing price. If handleFOREX USD takes out the full calculated possible swing range there will be an estimated 50.48% move between the lowest and the highest trading price during the day.
Is handleFOREX USD cryptocurrency A Buy?
handleFOREX 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.
Current score: -5.625 Strong Sell Candidate Unchanged
Predicted Opening Price for handleFOREX USD of Saturday, June 29, 2024
| Fair opening price June 29, 2024 | Current price |
|---|---|
| $0.0017 ( 7.05%) | $0.0016 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FOREXUSD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0020 | 28.21% |
| R2 | 0.0019 | 20.12% |
| R1 | 0.0018 | 15.13% |
| Price | 0.0016 | |
| S1 | 0.0015 | -1.03% |
| S2 | 0.0015 | -6.02% |
| S3 | 0.0013 | -14.10% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 0.0016 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
FAQ
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