Fusion USD Cryptocurrency Forecast

A very red day for Fusion USD cryptocurrency price after a -6.08% fall in the Wednesday trading session
(Updated on Jun 26, 2024)

FSNUSD 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 Fusion 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 $0.104 and $0.134. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Sunday, May 19, 2024, and so far it has fallen -51.75%. Further fall is indicated until a new bottom pivot has been found. Fusion 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 Fusion 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 much during the day (volatility) and with a large prediction interval from the Bollinger Band this cryptocurrency is considered to be "high risk". During the last day, the cryptocurrency moved $0.0070 between high and low, or 7.43%. For the last week, the cryptocurrency has had daily average volatility of 4.58%.

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

Trading Expectations (FSNUSD) For The Upcoming Trading Day Of Thursday 27th

For the upcoming trading day on Thursday, 27th we expect Fusion USD to open at $0.0961, and during the day (based on 14 day Average True Range), to move between $0.0881 and $0.100, which gives a possible trading interval of +/-$0.0060 (+/-6.41%) up or down from last closing price. If Fusion USD takes out the full calculated possible swing range there will be an estimated 12.82% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ $0.100, some $0.0061 (6.48%) from the current price of $0.0941, our system finds the risk reward not very attractive.

Is Fusion USD cryptocurrency A Buy?

Fusion 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: -7.484 Strong Sell Candidate Unchanged

Predicted Opening Price for Fusion USD of Thursday, June 27, 2024

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