MintCoin Cryptocurrency Forecast
MintCoin cryptocurrency downgraded from Hold/Accumulate to Strong Sell Candidate after Friday trading session.
(Updated on Jun 21, 2024)
The MintCoin cryptocurrency price fell by -0.0914% on the last day (Friday, 21st Jun 2024) from $0.0018 to $0.0018. During the last trading day the cryptocurrency fluctuated 2.50% from a day low at $0.0017 to a day high of $0.0018. The price has fallen in 6 of the last 10 days and is down by -55.04% 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 -748 shares and in total, 6 shares were bought and sold for approximately $0.0106 .
The cryptocurrency lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.0016 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the cryptocurrency is expected to fall -56.49% during the next 3 months and, with a 90% probability hold a price between $0.0007 and $0.0014 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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MINTUSD Signals & Forecast
There are few to no technical positive signals at the moment. The MintCoin 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 $0.0029 and $0.0036. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Sunday, May 26, 2024, and so far it has fallen -57.20%. 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 MintCoin cryptocurrency
There is no support from accumulated volume below today's level and given the right condition the cryptocurrency may perform very badly in the next couple of days.
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 $0.0000436 between high and low, or 2.50%. For the last week the cryptocurrency has had daily average volatility of 1.91%.
MintCoin is oversold on RSI14 (6). 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 (MINTUSD) For The Upcoming Trading Day Of Saturday 22nd
For the upcoming trading day on Saturday, 22nd we expect MintCoin to open at $0.0018, and during the day (based on 14 day Average True Range), to move between $0.0016 and $0.0020, which gives a possible trading interval of +/-$0.0002 (+/-11.86%) up or down from last closing price. If MintCoin takes out the full calculated possible swing range there will be an estimated 23.71% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $0.0018, some $0.00000161 (0.09%) from the current price of $0.0018, our system finds the risk reward not very attractive.
Is MintCoin cryptocurrency A Buy?
MintCoin 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this cryptocurrency since the last evaluation from a Hold/Accumulate to a Strong Sell candidate.
Current score: -8.002 Strong Sell Candidate Downgraded
Predicted Opening Price for MintCoin of Saturday, June 22, 2024
| Fair opening price June 22, 2024 | Current price |
|---|---|
| $0.0018 ( 0.147%) | $0.0018 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MINTUSD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0018 | 2.62% |
| R2 | 0.0018 | 1.68% |
| R1 | 0.0018 | 1.09% |
| Price | 0.0018 | |
| S1 | 0.0017 | -0.800% |
| S2 | 0.0017 | -1.38% |
| S3 | 0.0017 | -2.33% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0.0018 | 0.0915% |
| Price | 0.0018 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
FAQ
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