FlypMe USD Cryptocurrency Forecast

FlypMe USD cryptocurrency upgraded to Buy Candidate.
(Updated on Apr 29, 2024)

FYPUSD Signals & Forecast

The FlypMe 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 $0.0480 and $0.0419. A breakdown below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Friday, April 26, 2024, and so far it has fallen -1.28%. 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 FlypMe USD cryptocurrency

FlypMe USD finds support from accumulated volume at $0.0686 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

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 $0.0015 between high and low, or 2.27%. For the last week the cryptocurrency has had daily average volatility of 53.78%.

Our recommended stop-loss: $0.0657 (-4.37%) (This cryptocurrency has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 3 days ago.)

Trading Expectations (FYPUSD) For The Upcoming Trading Day Of Tuesday 30th

For the upcoming trading day on Tuesday, 30th we expect FlypMe USD to open at $0.0684, and during the day (based on 14 day Average True Range), to move between $0.0617 and $0.0757, which gives a possible trading interval of +/-$0.0070 (+/-10.14%) up or down from last closing price. If FlypMe USD takes out the full calculated possible swing range there will be an estimated 20.27% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.0686 (0.09%) than the resistance at $0.0698 (1.54%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is FlypMe USD cryptocurrency A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for FlypMe USD cryptocurrency to perform well in the short-term. We have upgraded our analysis conclusion for this cryptocurrency since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 3.605 Buy Candidate Upgraded

Predicted Opening Price for FlypMe USD of Tuesday, April 30, 2024

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