Not Financial Advice USD Cryptocurrency Forecast
Volatile ride for Not Financial Advice USD cryptocurrency price on Monday moving between $0.0188 and $0.0213
(Updated on May 20, 2024)
The Not Financial Advice USD cryptocurrency price gained 5.93% on the last trading day (Monday, 20th May 2024), rising from $0.0188 to $0.0199. During the last trading day the cryptocurrency fluctuated 13.61% from a day low at $0.0188 to a day high of $0.0213. The price has risen in 6 of the last 10 days and is up by 13.91% over the past 2 weeks. Volume fell on the last day by -9 thousand shares and in total, 173 thousand shares were bought and sold for approximately $3.44 thousand. 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 cryptocurrencyhas broken the very wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is $0.0124, a level that may pose a second chance to hit a runner. According to fan-theory $0.0366 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt. 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
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 Not Financial Advice USD cryptocurrency holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $0.0216 and $0.0208. 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 -42.98%. 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 Not Financial Advice USD cryptocurrency
Not Financial Advice USD finds support from accumulated volume at $0.0192 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 periodic low trading volume this cryptocurrency is considered to be "high risk". During the last day, the cryptocurrency moved $0.0026 between high and low, or 13.61%. For the last week the cryptocurrency has had daily average volatility of 15.70%.
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 Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect Not Financial Advice USD to open at $0.0200, and during the day (based on 14 day Average True Range), to move between $0.0160 and $0.0238, which gives a possible trading interval of +/-$0.0039 (+/-19.75%) 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 39.50% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0192 (3.64%) than the resistance at $0.0229 (14.99%), 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. We have upgraded our analysis conclusion for this cryptocurrency since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -3.952 Sell Candidate Upgraded
Predicted Opening Price for Not Financial Advice USD of Tuesday, May 21, 2024
| Fair opening price May 21, 2024 | Current price |
|---|---|
| $0.0200 ( 0.550%) | $0.0199 |
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 | 0.0225 | 13.40 % | |
| R2 | 0.0216 | 8.49 % | ||
| R1 | 0.0210 | 5.46 % | ||
| Current price: | 0.0199 | |||
| Support | S1 | 0.0190 | -4.36 % | |
| S2 | 0.0184 | -7.39 % | ||
| S3 | 0.0174 | -12.30 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0248 | 24.54 % | |
| R2 | 0.0241 | 21.27 % | ||
| R1 | 0.0229 | 14.99 % | ||
| Current price | 0.0199 | |||
| Support | S1 | 0.0192 | -3.64% | |
| S2 | 0.0172 | -13.31% | ||
| S3 | 0.0166 | -16.41% |
FAQ
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