Fusion USD Cryptocurrency Forecast
Fusion USD cryptocurrency price ended at $0.0908 on Saturday, after losing 0.101%.
(Updated on Jun 29, 2024)
The Fusion USD cryptocurrency price fell by -0.101% on the last day (Saturday, 29th Jun 2024) from $0.0909 to $0.0908. During the last trading day the cryptocurrency fluctuated 4.54% from a day low at $0.0901 to a day high of $0.0941. The price has fallen in 8 of the last 10 days and is down by -19.09% 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 -15 thousand shares and in total, 67 thousand shares were bought and sold for approximately $6.06 thousand.
The cryptocurrency lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.0886 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the cryptocurrency is expected to fall -32.92% during the next 3 months and, with a 90% probability hold a price between $0.0594 and $0.107 at the end of this 3-month period.
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FSNUSD Signals & Forecast
There are mixed signals in the cryptocurrency today. 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 $0.0960 and $0.127. A break-up above any of these levels will issue buy signals. 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. A buy signal was issued from a pivot bottom point on Thursday, June 27, 2024, and so far it has risen 0.552%. 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).
Support, Risk & Stop-loss for Fusion USD cryptocurrency
Fusion USD finds support from accumulated volume at $0.0903 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 much during the day (volatility) and with periodic low trading volume this cryptocurrency is considered to be "high risk". During the last day, the cryptocurrency moved $0.0041 between high and low, or 4.54%. For the last week the cryptocurrency has had daily average volatility of 4.61%.
Fusion USD is oversold on RSI14 (24). 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 (FSNUSD) For The Upcoming Trading Day Of Sunday 30th
For the upcoming trading day on Sunday, 30th we expect Fusion USD to open at $0.0917, and during the day (based on 14 day Average True Range), to move between $0.0852 and $0.0965, which gives a possible trading interval of +/-$0.0057 (+/-6.23%) up or down from last closing price. If Fusion USD takes out the full calculated possible swing range there will be an estimated 12.46% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0909 (0.10%) than the support at $0.0903 (0.55%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Fusion USD cryptocurrency A Buy?
Fusion USD holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this cryptocurrency.
Current score: -3.595 Sell Candidate Unchanged
Predicted Opening Price for Fusion USD of Sunday, June 30, 2024
| Fair opening price June 30, 2024 | Current price |
|---|---|
| $0.0917 ( 0.94%) | $0.0908 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FSNUSD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0958 | 5.44% |
| R2 | 0.0942 | 3.72% |
| R1 | 0.0932 | 2.66% |
| Price | 0.0908 | |
| S1 | 0.0901 | -0.779% |
| S2 | 0.0892 | -1.84% |
| S3 | 0.0876 | -3.56% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.107 | 17.90% |
| R2 | 0.0941 | 3.62% |
| R1 | 0.0909 | 0.101% |
| Price | 0.0908 | |
| S1 | 0.0903 | -0.549% |
| S2 | 0 | - |
| S3 | 0 | - |
FAQ
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