FIBOS USD Cryptocurrency Forecast

FIBOS USD cryptocurrency downgraded from Hold/Accumulate to Sell Candidate after Saturday trading session.
(Updated on May 18, 2024)

FOUSD Signals & Forecast

A buy signal was issued from a pivot bottom point on Friday, May 17, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. The FIBOS 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 $0.0014 and $0.0019. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for FIBOS 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 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 $0.000068 between high and low, or 5.01%. For the last week, the cryptocurrency has had daily average volatility of 8.17%.

FIBOS USD is oversold on RSI14 (18). Some cryptocurrencies may drop long and hard while being oversold on RSI before turning, which increases the general risk.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (FOUSD) For The Upcoming Trading Day Of Sunday 19th

For the upcoming trading day on Sunday, 19th we expect FIBOS USD to open at $0.0014, and during the day (based on 14 day Average True Range), to move between $0.0012 and $0.0015, which gives a possible trading interval of +/-$0.0002 (+/-13.43%) up or down from last closing price. If FIBOS USD takes out the full calculated possible swing range there will be an estimated 26.86% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ $0.0014, some $0.000085 (6.26%) from the current price of $0.0014, our system finds the risk reward not very attractive.

Is FIBOS USD cryptocurrency A Buy?

FIBOS 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 Hold/Accumulate to a Sell candidate.

Current score: -4.789 Sell Candidate Downgraded

Predicted Opening Price for FIBOS USD of Sunday, May 19, 2024

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