MaidSafeCoin Cryptocurrency Forecast
High volatility in MaidSafeCoin cryptocurrency price on Tuesday which ended trading at $0.478
(Updated on Jun 25, 2024)
The MaidSafeCoin cryptocurrency price fell by -8.93% on the last day (Tuesday, 25th Jun 2024) from $0.525 to $0.478. During the last trading day the cryptocurrency fluctuated 13.13% from a day low at $0.473 to a day high of $0.535. The price has fallen in 6 of the last 10 days and is down by -21.14% for this period. Volume fell on the last day along with the cryptocurrency, which is actually a good sign as volume should follow the cryptocurrency. On the last day, the trading volume fell by -675 shares and in total, 690 shares were bought and sold for approximately $330.02 .
The cryptocurrency lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.420 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the cryptocurrency is expected to rise 11.27% during the next 3 months and, with a 90% probability hold a price between $0.467 and $1.08 at the end of this 3-month period.
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MAIDUSD Signals & Forecast
There are few to no technical positive signals at the moment. The MaidSafeCoin 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 $0.514 and $0.596. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, June 07, 2024, and so far it has fallen -49.57%. 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 MaidSafeCoin cryptocurrency
On the downside, the cryptocurrency finds support just below today's level from accumulated volume at $0.451 and $0.413. 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, MaidSafeCoin finds support just below today's level at $0.451. If this is broken, then the next support from accumulated volume will be at $0.413 and $0.402.
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 $0.0620 between high and low, or 13.13%. For the last week the cryptocurrency has had daily average volatility of 15.46%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (MAIDUSD) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect MaidSafeCoin to open at $0.495, and during the day (based on 14 day Average True Range), to move between $0.405 and $0.552, which gives a possible trading interval of +/-$0.0737 (+/-15.41%) up or down from last closing price. If MaidSafeCoin takes out the full calculated possible swing range there will be an estimated 30.83% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.451 (5.80%) than the resistance at $0.513 (7.21%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is MaidSafeCoin cryptocurrency A Buy?
The MaidSafeCoin cryptocurrency holds several negative signals and despite the positive trend, we believe MaidSafeCoin will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this cryptocurrency.
Current score: -3.729 Sell Candidate Unchanged
Predicted Opening Price for MaidSafeCoin of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $0.495 ( 3.52%) | $0.478 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MAIDUSD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.557 | 16.49% |
| R2 | 0.533 | 11.54% |
| R1 | 0.519 | 8.47% |
| Price | 0.478 | |
| S1 | 0.471 | -1.44% |
| S2 | 0.457 | -4.50% |
| S3 | 0.433 | -9.45% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.559 | 16.97% |
| R2 | 0.547 | 14.31% |
| R1 | 0.513 | 7.21% |
| Price | 0.478 | |
| S1 | 0.451 | -5.80% |
| S2 | 0.413 | -13.66% |
| S3 | 0.402 | -15.87% |
FAQ
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