Feathercoin Cryptocurrency Forecast

A very strong day for Feathercoin cryptocurrency price on Monday
(Updated on May 20, 2024)

FTCUSD Signals & Forecast

There are mixed signals in the cryptocurrency today. A sell signal was issued from a pivot top point on Sunday, May 12, 2024, and so far it has fallen -0.0308%. 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 during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued. The Feathercoin cryptocurrency holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $0.0062 and $0.0053. A breakdown below any of these levels will issue sell signals.

Support, Risk & Stop-loss for Feathercoin cryptocurrency

On the downside, the cryptocurrency finds support just below today's level from accumulated volume at $0.0053 and $0.0053. 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, Feathercoin finds support just below today's level at $0.0053. If this is broken, then the next support from accumulated volume will be at $0.0053 and $0.0052.

This cryptocurrency has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the cryptocurrency moved $0.0006 between high and low, or 9.48%. For the last week the cryptocurrency has had daily average volatility of 11.55%.

Our recommended stop-loss: $0.0063 (-3.31%) (This cryptocurrency has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 33 days ago.)

Trading Expectations (FTCUSD) For The Upcoming Trading Day Of Tuesday 21st

For the upcoming trading day on Tuesday, 21st we expect Feathercoin to open at $0.0063, and during the day (based on 14 day Average True Range), to move between $0.0059 and $0.0071, which gives a possible trading interval of +/-$0.0006 (+/-9.11%) up or down from last closing price. If Feathercoin takes out the full calculated possible swing range there will be an estimated 18.22% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.0065 (0.03%) than the support at $0.0053 (18.18%), 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 Feathercoin cryptocurrency A Buy?

Feathercoin holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this cryptocurrency since the last evaluation from a Hold/Accumulate to a Strong Buy candidate.

Current score: 5.830 Strong Buy Candidate Upgraded

Predicted Opening Price for Feathercoin of Tuesday, May 21, 2024

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