Moonie NFT USD Cryptocurrency Forecast
High volatility in Moonie NFT USD cryptocurrency price on Monday which ended trading at $0.000002
(Updated on May 20, 2024)
The Moonie NFT USD cryptocurrency price gained 100.00% on the last trading day (Monday, 20th May 2024), rising from $0.000001 to $0.000002. During the last trading day the cryptocurrency fluctuated 100.00% from a day low at $0.000001 to a day high of $0.000002. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks.
The cryptocurrency lies in the upper part of a very wide and weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $0.00000201 will firstly indicate a stronger rate of rising. Given the current short-term trend, the cryptocurrency is expected to rise 7.32% during the next 3 months and, with a 90% probability hold a price between $0.00000107 and $0.00000216 at the end of this 3-month period.
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MNYUSD Signals & Forecast
The Moonie NFT 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 $0.00000129 and $0.0000012. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Tuesday, May 14, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. 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 Moonie NFT USD 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 $0.000001 between high and low, or 100.00%. For the last week the cryptocurrency has had daily average volatility of 40.00%.
Our recommended stop-loss: $0.00000193 (-3.30%) (This cryptocurrency has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 10 days ago.)
Trading Expectations (MNYUSD) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect Moonie NFT USD to open at $0.00000167, and during the day (based on 14 day Average True Range), to move between $0.00000148 and $0.00000252, which gives a possible trading interval of +/-$0.00000052 (+/-26.02%) up or down from last closing price. If Moonie NFT USD takes out the full calculated possible swing range there will be an estimated 52.05% move between the lowest and the highest trading price during the day.
Is Moonie NFT USD cryptocurrency A Buy?
Moonie NFT USD holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this cryptocurrency since the last evaluation from a Sell to a Strong Buy candidate.
Current score: 5.433 Strong Buy Candidate Upgraded
Predicted Opening Price for Moonie NFT USD of Tuesday, May 21, 2024
| Fair opening price May 21, 2024 | Current price |
|---|---|
| $0.00000167 ( 16.67%) | $0.000002 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MNYUSD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.00000267 | 33.33 % | |
| R2 | 0.00000228 | 14.23 % | ||
| R1 | 0.00000205 | 2.43 % | ||
| Current price: | 0.000002 | |||
| Support | S1 | 0.00000128 | -35.77 % | |
| S2 | 0.00000105 | -47.57 % | ||
| S3 | 0.00000067 | -66.67 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 0.000002 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
FAQ
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