Mummy Finance USD Cryptocurrency Forecast
Volatile ride for Mummy Finance USD cryptocurrency price on Thursday moving between $0.322 and $0.355
(Updated on Jun 20, 2024)
The Mummy Finance USD cryptocurrency price gained 3.34% on the last trading day (Thursday, 20th Jun 2024), rising from $0.330 to $0.341. During the last trading day the cryptocurrency fluctuated 10.10% from a day low at $0.322 to a day high of $0.355. The price has fallen in 6 of the last 10 days and is down by -15.65% for this period. Volume fell on the last day by -8 thousand shares and in total, 2 thousand shares were bought and sold for approximately $608.60 . 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 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 $0.290 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the cryptocurrency is expected to fall -42.50% during the next 3 months and, with a 90% probability hold a price between $0.167 and $0.517 at the end of this 3-month period.
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MMYUSD Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, June 18, 2024, and so far it has risen 11.90%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Mummy Finance 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 $0.351 and $0.492. A break-up above any of these levels will issue buy signals. 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 Mummy Finance USD cryptocurrency
Mummy Finance USD finds support from accumulated volume at $0.330 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 $0.0325 between high and low, or 10.10%. For the last week the cryptocurrency has had daily average volatility of 11.24%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (MMYUSD) For The Upcoming Trading Day Of Friday 21st
For the upcoming trading day on Friday, 21st we expect Mummy Finance USD to open at $0.339, and during the day (based on 14 day Average True Range), to move between $0.294 and $0.387, which gives a possible trading interval of +/-$0.0468 (+/-13.73%) up or down from last closing price. If Mummy Finance USD takes out the full calculated possible swing range there will be an estimated 27.46% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.330 (3.23%) than the resistance at $0.393 (15.32%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Mummy Finance USD cryptocurrency A Buy?
Mummy Finance 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: -4.323 Sell Candidate Unchanged
Predicted Opening Price for Mummy Finance USD of Friday, June 21, 2024
| Fair opening price June 21, 2024 | Current price |
|---|---|
| $0.339 ( 0.435%) | $0.341 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MMYUSD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.372 | 9.12% |
| R2 | 0.359 | 5.47% |
| R1 | 0.352 | 3.22% |
| Price | 0.341 | |
| S1 | 0.327 | -4.08% |
| S2 | 0.319 | -6.34% |
| S3 | 0.307 | -9.99% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.412 | 20.86% |
| R2 | 0.411 | 20.55% |
| R1 | 0.393 | 15.32% |
| Price | 0.341 | |
| S1 | 0.330 | -3.23% |
| S2 | 0.304 | -10.63% |
| S3 | 0 | - |
FAQ
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