FantomStarter USD Cryptocurrency Forecast
FantomStarter USD cryptocurrency price took a fall of -5.38% on Tuesday
(Updated on May 07, 2024)
The FantomStarter USD cryptocurrency price fell by -5.38% on the last day (Tuesday, 7th May 2024) from $0.0009 to $0.0009. During the last trading day the cryptocurrency fluctuated 4.76% from a day low at $0.0009 to a day high of $0.0009. The price has fallen in 5 of the last 10 days and is down by -18.37% 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 -80 shares and in total, 149 shares were bought and sold for approximately $0.128 .
Given the current short-term trend, the cryptocurrency is expected to rise 23.72% during the next 3 months and, with a 90% probability hold a price between $0.0011 and $0.0045 at the end of this 3-month period.
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FSUSD Signals & Forecast
There are few to no technical positive signals at the moment. The FantomStarter 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 $0.0009 and $0.0013. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, March 27, 2024, and so far it has fallen -74.14%. 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 FantomStarter USD cryptocurrency
On the downside, the cryptocurrency finds support just below today's level from accumulated volume at $0.0008 and $0.0008. There is a natural risk involved when a cryptocurrency is testing a support level, since if this is broken, the cryptocurrency then may fall to the next support level. In this case, FantomStarter USD finds support just below today's level at $0.0008. If this is broken, then the next support from accumulated volume will be at $0.0008 and $0.0007.
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 $0.000041 between high and low, or 4.76%. For the last week the cryptocurrency has had daily average volatility of 4.11%.
FantomStarter USD is oversold on RSI14 (17). 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 (FSUSD) For The Upcoming Trading Day Of Wednesday 8th
For the upcoming trading day on Wednesday, 8th we expect FantomStarter USD to open at $0.0009, and during the day (based on 14 day Average True Range), to move between $0.0007 and $0.0010, which gives a possible trading interval of +/-$0.0001 (+/-16.82%) up or down from last closing price. If FantomStarter USD takes out the full calculated possible swing range there will be an estimated 33.64% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0008 (6.84%) than the resistance at $0.0009 (7.31%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is FantomStarter USD cryptocurrency A Buy?
The FantomStarter USD cryptocurrency holds several negative signals and despite the positive trend, we believe FantomStarter USD will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this cryptocurrency. We have upgraded our analysis conclusion for this cryptocurrency since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -4.761 Sell Candidate Upgraded
Predicted Opening Price for FantomStarter USD of Wednesday, May 8, 2024
| Fair opening price May 8, 2024 | Current price |
|---|---|
| $0.0009 ( 1.59%) | $0.0009 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FSUSD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0009 | 6.34 % | |
| R2 | 0.0009 | 4.52 % | ||
| R1 | 0.0009 | 3.40 % | ||
| Current price: | 0.0009 | |||
| Support | S1 | 0.0009 | -0.231 % | |
| S2 | 0.0009 | -1.35 % | ||
| S3 | 0.0008 | -3.17 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0010 | 20.30 % | |
| R2 | 0.0010 | 17.17 % | ||
| R1 | 0.0009 | 7.31 % | ||
| Current price | 0.0009 | |||
| Support | S1 | 0.0008 | -6.84% | |
| S2 | 0.0008 | -11.60% | ||
| S3 | 0.0007 | -16.94% |
FAQ
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