FantomStarter USD Cryptocurrency Forecast

Volatile ride for FantomStarter USD cryptocurrency price on Wednesday moving between $0.0006 and $0.0007
(Updated on May 29, 2024)

FSUSD 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 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 $0.0008 and $0.0009. 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 -79.72%. Further fall is indicated until a new bottom pivot has been found. 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 $0.0006 and $0.0005. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $0.0005 may give a huge drop in the cryptocurrency price.

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 $0.0001 between high and low, or 22.26%. For the last week the cryptocurrency has had daily average volatility of 13.45%.

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 Thursday 30th

For the upcoming trading day on Thursday, 30th we expect FantomStarter USD to open at $0.0006, and during the day (based on 14 day Average True Range), to move between $0.0006 and $0.0008, which gives a possible trading interval of +/-$0.00009063 (+/-13.41%) up or down from last closing price. If FantomStarter USD takes out the full calculated possible swing range there will be an estimated 26.81% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.0007 (5.92%) than the support at $0.0006 (8.73%), 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 FantomStarter USD cryptocurrency A Buy?

FantomStarter 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: -7.489 Strong Sell Candidate Unchanged

Predicted Opening Price for FantomStarter USD of Thursday, May 30, 2024

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