FansTime USD Cryptocurrency Forecast

Stronger technical forecast for FansTime USD cryptocurrency price after Saturday trading.
(Updated on Jun 01, 2024)

FTIUSD Signals & Forecast

The FansTime USD cryptocurrency holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the cryptocurrency giving a positive forecast for the stock. On further gains, the cryptocurrency will meet resistance from the short-term Moving Average at approximately $0.00002422. On a fall, the cryptocurrency will find some support from the long-term average at approximately $0.00002310. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. A buy signal was issued from a pivot bottom point on Thursday, May 09, 2024, and so far it has risen 14.29%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for FansTime USD cryptocurrency

FansTime USD finds support from accumulated volume at $0.00002351 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

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 $0.000001 between high and low, or 4.35%. For the last week the cryptocurrency has had daily average volatility of 6.72%.

Our recommended stop-loss: $0.00002306 (-3.92%) (This cryptocurrency has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 78 days ago.)

Trading Expectations (FTIUSD) For The Upcoming Trading Day Of Sunday 2nd

For the upcoming trading day on Sunday, 2nd we expect FansTime USD to open at $0.00002367, and during the day (based on 14 day Average True Range), to move between $0.00002195 and $0.00002605, which gives a possible trading interval of +/-$0.00000205 (+/-8.55%) up or down from last closing price. If FansTime USD takes out the full calculated possible swing range there will be an estimated 17.09% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.00002351 (2.04%) than the resistance at $0.000025 (4.17%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is FansTime USD cryptocurrency A Buy?

FansTime USD holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this cryptocurrency since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: -0.604 Hold/Accumulate Upgraded

Predicted Opening Price for FansTime USD of Sunday, June 2, 2024

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