Mobius USD Cryptocurrency Forecast
Mobius USD cryptocurrency upgraded to Sell Candidate.
(Updated on Jun 25, 2024)
The Mobius USD cryptocurrency price gained 4.54% on the last trading day (Tuesday, 25th Jun 2024), rising from $0.0064 to $0.0067. During the last trading day the cryptocurrency fluctuated 5.31% from a day low at $0.0063 to a day high of $0.0067. The price has risen in 6 of the last 10 days but is still down by -7.56% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 4 thousand more shares were traded than the day before. In total, 36 thousand shares were bought and sold for approximately $237.09 .
The cryptocurrency lies in the middle of a 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 -36.66% during the next 3 months and, with a 90% probability hold a price between $0.0040 and $0.0049 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
MOBIUSD Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, June 24, 2024, and so far it has risen 4.54%. Further rise is indicated until a new top pivot has been found. Mobius USD has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Mobius USD cryptocurrency holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the cryptocurrency giving a more negative forecast for the stock. On further gains, the cryptocurrency will meet resistance from the long-term Moving Average at $0.0075. On a fall, the cryptocurrency will find some support from the short-term average at $0.0066. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Mobius USD cryptocurrency
Mobius USD finds support from accumulated volume at $0.0065 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 much during the day (volatility) and with a large prediction interval from the Bollinger Band this cryptocurrency is considered to be "high risk". During the last day, the cryptocurrency moved $0.0003 between high and low, or 5.31%. For the last week, the cryptocurrency has had daily average volatility of 4.60%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (MOBIUSD) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Mobius USD to open at $0.0065, and during the day (based on 14 day Average True Range), to move between $0.0063 and $0.0070, which gives a possible trading interval of +/-$0.0003 (+/-5.16%) up or down from last closing price. If Mobius USD takes out the full calculated possible swing range there will be an estimated 10.32% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0067 (0.06%) than the support at $0.0065 (2.57%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Mobius USD cryptocurrency A Buy?
Mobius USD holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this cryptocurrency. We have upgraded our analysis conclusion for this cryptocurrency since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -1.441 Sell Candidate Upgraded
Predicted Opening Price for Mobius USD of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $0.0065 ( 1.62%) | $0.0067 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MOBIUSD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0069 | 3.43% |
| R2 | 0.0068 | 1.50% |
| R1 | 0.0067 | 0.313% |
| Price | 0.0067 | |
| S1 | 0.0064 | -3.54% |
| S2 | 0.0063 | -4.74% |
| S3 | 0.0062 | -6.67% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0080 | 20.28% |
| R2 | 0.0074 | 11.62% |
| R1 | 0.0067 | 0.0625% |
| Price | 0.0067 | |
| S1 | 0.0065 | -2.57% |
| S2 | 0.0064 | -4.10% |
| S3 | 0.0064 | -4.34% |
FAQ
Click here for our free guide on how to buy Mobius USD Cryptocurrency.
