Not Financial Advice USD Cryptocurrency Forecast
Big movements in Not Financial Advice USD cryptocurrency price on Tuesday moving 10.95% between high and low
(Updated on Apr 30, 2024)
The Not Financial Advice USD cryptocurrency price fell by -4.87% on the last day (Tuesday, 30th Apr 2024) from $0.0183 to $0.0174. During the last trading day the cryptocurrency fluctuated 10.95% from a day low at $0.0171 to a day high of $0.0189. The price has fallen in 6 of the last 10 days and is down by -26.16% 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 -18 thousand shares and in total, 27 thousand shares were bought and sold for approximately $466.96 .
The cryptocurrency lies the upper part of a very wide and falling 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 $0.0190 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Due to the high volatility and the trend direction we are not able to give forecast range for this stock. 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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NFAIUSD Signals & Forecast
There are few to no technical positive signals at the moment. The Not Financial Advice 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 $0.0193 and $0.0207. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, April 17, 2024, and so far it has fallen -50.18%. 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 Not Financial Advice USD cryptocurrency
Not Financial Advice USD finds support from accumulated volume at $0.0172 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 $0.0019 between high and low, or 10.95%. For the last week the cryptocurrency has had daily average volatility of 15.72%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (NFAIUSD) For The Upcoming Trading Day Of Wednesday 1st
For the upcoming trading day on Wednesday, 1st we expect Not Financial Advice USD to open at $0.0178, and during the day (based on 14 day Average True Range), to move between $0.0117 and $0.0230, which gives a possible trading interval of +/-$0.0056 (+/-32.47%) up or down from last closing price. If Not Financial Advice USD takes out the full calculated possible swing range there will be an estimated 64.93% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0172 (0.78%) than the resistance at $0.0192 (10.29%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Not Financial Advice USD cryptocurrency A Buy?
Not Financial Advice 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: -6.139 Strong Sell Candidate Unchanged
Predicted Opening Price for Not Financial Advice USD of Wednesday, May 1, 2024
| Fair opening price May 1, 2024 | Current price |
|---|---|
| $0.0178 ( 2.39%) | $0.0174 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NFAIUSD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0197 | 13.15 % | |
| R2 | 0.0189 | 9.04 % | ||
| R1 | 0.0185 | 6.50 % | ||
| Current price: | 0.0174 | |||
| Support | S1 | 0.0171 | -1.71 % | |
| S2 | 0.0166 | -4.25 % | ||
| S3 | 0.0159 | -8.36 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0202 | 16.38 % | |
| R2 | 0.0199 | 14.54 % | ||
| R1 | 0.0192 | 10.29 % | ||
| Current price | 0.0174 | |||
| Support | S1 | 0.0172 | -0.783% | |
| S2 | 0.0169 | -2.95% | ||
| S3 | 0.0166 | -4.33% |
FAQ
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