Fathom Dollar USD Cryptocurrency Forecast
Green day on Thursday for Fathom Dollar USD
(Updated on May 02, 2024)
The Fathom Dollar USD cryptocurrency price gained 0.0468% on the last trading day (Thursday, 2nd May 2024), rising from $1.00 to $1.00. During the last trading day the cryptocurrency fluctuated 1.60% from a day low at $0.99 to a day high of $1.01. The price has been going up and down for this period, and there has been a -0.22% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 79 thousand more shares were traded than the day before. In total, 582 thousand shares were bought and sold for approximately $584.50 thousand.
The cryptocurrency is moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Fathom Dollar USD cryptocurrency with a 90% probability to be traded between $0.99 and $1.01 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and cryptocurrencies seldom manage to go directly from the bottom of a trend up to the top. Cryptocurrencies turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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FXDUSD Signals & Forecast
Mostly positive signals in the chart today. The Fathom Dollar USD 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 $1.00 and $1.00. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, April 25, 2024, and so far it has risen 1.52%. 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). Fathom Dollar USD has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. The cryptocurrency had a Golden Star Signal on Saturday, April 27, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Saturday, April 27, 2024.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the cryptocurrency in question.
Golden Star
The cryptocurrency had a Golden Star Signal on Saturday, April 27, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Saturday, April 27, 2024.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the cryptocurrency in question.
Golden Star 12 Months
The cryptocurrency had a Golden Star Signal on Saturday, April 27, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Saturday, April 27, 2024.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the cryptocurrency in question.
A buy signal from a double bottom formation was found on Tuesday, April 16, 2024 and based on theory for this formation the price should go up by 0.390% to $1.01 within 5 trading days since signal was issued (Friday, May 03, 2024).
Support, Risk & Stop-loss for Fathom Dollar USD cryptocurrency
Fathom Dollar USD finds support from accumulated volume at $1.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the cryptocurrency tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the cryptocurrency moved $0.0159 between high and low, or 1.60%. For the last week the cryptocurrency has had daily average volatility of 2.20%.
Our recommended stop-loss: $0.95 (-5.57%) (This cryptocurrency has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 7 days ago.)
Trading Expectations (FXDUSD) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect Fathom Dollar USD to open at $1.00, and during the day (based on 14 day Average True Range), to move between $0.98 and $1.03, which gives a possible trading interval of +/-$0.0266 (+/-2.65%) up or down from last closing price. If Fathom Dollar USD takes out the full calculated possible swing range there will be an estimated 5.30% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $1.01 (0.22%) than the support at $1.00 (0.25%), 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 Fathom Dollar USD cryptocurrency A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Fathom Dollar USD cryptocurrency to perform well in the short-term period.
Current score: 1.355 Buy Candidate Unchanged
Predicted Opening Price for Fathom Dollar USD of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| $1.00 ( 0.198%) | $1.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FXDUSD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.02 | 1.38 % | |
| R2 | 1.01 | 0.778 % | ||
| R1 | 1.01 | 0.405 % | ||
| Current price: | 1.00 | |||
| Support | S1 | 1.00 | -0.80 % | |
| S2 | 0.99 | -1.17 % | ||
| S3 | 0.99 | -1.78 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.01 | 0.490 % | |
| R2 | 1.01 | 0.366 % | ||
| R1 | 1.01 | 0.221 % | ||
| Current price | 1.00 | |||
| Support | S1 | 1.00 | -0.248% | |
| S2 | 1.00 | -0.85% | ||
| S3 | 1.00 | -0.88% |
FAQ
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