BattleFly USD Cryptocurrency Forecast
BattleFly USD cryptocurrency price up 0.621% on Monday
(Updated on May 20, 2024)
The BattleFly USD cryptocurrency price gained 0.621% on the last trading day (Monday, 20th May 2024), rising from $0.150 to $0.151. During the last trading day the cryptocurrency fluctuated 1.24% from a day low at $0.149 to a day high of $0.151. The price has fallen in 6 of the last 10 days and is down by -4.99% for this period. Volume fell on the last day by -14 thousand shares and in total, 22 thousand shares were bought and sold for approximately $3.32 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The cryptocurrency lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the cryptocurrency is expected to fall -44.84% during the next 3 months and, with a 90% probability hold a price between $0.0678 and $0.0944 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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GFLYUSD Signals & Forecast
A buy signal was issued from a pivot bottom point on Sunday, May 19, 2024, and so far it has risen 0.621%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The BattleFly 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 $0.152 and $0.163. A break-up above any of these levels will issue buy signals. 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.
Support, Risk & Stop-loss for BattleFly USD cryptocurrency
BattleFly USD finds support from accumulated volume at $0.150 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 $0.0018 between high and low, or 1.24%. For the last week the cryptocurrency has had daily average volatility of 1.34%.
BattleFly USD is oversold on RSI14 (14). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (GFLYUSD) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect BattleFly USD to open at $0.150, and during the day (based on 14 day Average True Range), to move between $0.148 and $0.154, which gives a possible trading interval of +/-$0.0028 (+/-1.88%) up or down from last closing price. If BattleFly USD takes out the full calculated possible swing range there will be an estimated 3.77% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.150 (0.62%) than the resistance at $0.159 (5.25%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is BattleFly USD cryptocurrency A Buy?
BattleFly 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: -1.281 Sell Candidate Unchanged
Predicted Opening Price for BattleFly USD of Tuesday, May 21, 2024
| Fair opening price May 21, 2024 | Current price |
|---|---|
| $0.150 ( 0.407%) | $0.151 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GFLYUSD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.152 | 0.81 % | |
| R2 | 0.151 | 0.347 % | ||
| R1 | 0.151 | 0.0594 % | ||
| Current price: | 0.151 | |||
| Support | S1 | 0.149 | -0.87 % | |
| S2 | 0.149 | -1.16 % | ||
| S3 | 0.148 | -1.63 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.164 | 8.75 % | |
| R2 | 0.161 | 6.60 % | ||
| R1 | 0.159 | 5.25 % | ||
| Current price | 0.151 | |||
| Support | S1 | 0.150 | -0.617% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
FAQ
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