NFT11 USD Cryptocurrency Forecast
NFT11 USD cryptocurrency price down 0% on Monday
(Updated on May 20, 2024)
No changes to the price of NFT11 USD cryptocurrency on the last trading day (Monday, 20th May 2024). During the last trading day the cryptocurrency fluctuated 0% from a day low at $0.000006 to a day high of $0.000006. 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 middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Due to the high volatility and the trend direction we are not able to give forecast range for this stock.
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NFT11USD Signals & Forecast
The NFT11 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 $0.000006 and $0.00000599. A breakdown below any of these levels will issue sell signals. 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 Sunday, May 19, 2024, and so far it has fallen 0%. 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 on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for NFT11 USD cryptocurrency
On the downside, the cryptocurrency finds support just below today's level from accumulated volume at $0.00000563 and $0.000005. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $0.000005 may give a huge drop in the cryptocurrency price.
In general the cryptocurrency tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the cryptocurrency During the last day, the cryptocurrency moved $0 between high and low, or 0%. For the last week the cryptocurrency has had daily average volatility of 0%
Our recommended stop-loss: $0.00000576 (-4.00%) (This cryptocurrency has low daily movements and this gives low risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (NFT11USD) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect NFT11 USD to open at $0.000006, and during the day (based on 14 day Average True Range), to move between -$0.00000359 and $0.00001559, which gives a possible trading interval of +/-$0.00000959 (+/-159.85%) up or down from last closing price. If NFT11 USD takes out the full calculated possible swing range there will be an estimated 319.71% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.00000563 (6.13%) than the resistance at $0.000007 (16.67%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is NFT11 USD cryptocurrency A Buy?
NFT11 USD holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for NFT11 USD of Tuesday, May 21, 2024
Fair opening price May 21, 2024 | Current price |
---|---|
$0.000006 ( 0%) | $0.000006 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NFT11USD
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.000006 | . | |
R2 | 0.000006 | . | ||
R1 | 0.000006 | . | ||
Current price: | 0.000006 | |||
Support | S1 | 0.000006 | . | |
S2 | 0.000006 | . | ||
S3 | 0.000006 | . |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 0.000007 | 16.67 % | ||
Current price | 0.000006 | |||
Support | S1 | 0.00000563 | -6.13% | |
S2 | 0.000005 | -16.67% | ||
S3 | 0 | . |
FAQ
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