NFT STARS USD Cryptocurrency Forecast
NFT STARS USD cryptocurrency upgraded from Sell Candidate to Hold/Accumulate after Thursday trading session.
(Updated on May 30, 2024)
The NFT STARS USD cryptocurrency price gained 0.109% on the last trading day (Thursday, 30th May 2024), rising from $0.0028 to $0.0028. During the last trading day the cryptocurrency fluctuated 0.145% from a day low at $0.0028 to a day high of $0.0028. The price has risen in 6 of the last 10 days but is still down by -2.72% for this period. Volume fell on the last day by -57 shares and in total, 13 shares were bought and sold for approximately $0.0358 . 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 cryptocurrency lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.0024 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the cryptocurrency is expected to fall -3.27% during the next 3 months and, with a 90% probability hold a price between $0.0023 and $0.0916 at the end of this 3-month period.
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NFTSUSD Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, May 23, 2024, and so far it has risen 0.182%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The NFT STARS 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 $0.0028 and $0.0029. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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 NFT STARS USD cryptocurrency
NFT STARS USD finds support from accumulated volume at $0.0028 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the cryptocurrency tends to have controlled movements and therefore the general risk is considered 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 $0.000004 between high and low, or 0.145%. For the last week the cryptocurrency has had daily average volatility of 0.443%.
Our recommended stop-loss: $0.0026 (-5.95%) (This cryptocurrency has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 40 days ago.)
Trading Expectations (NFTSUSD) For The Upcoming Trading Day Of Friday 31st
For the upcoming trading day on Friday, 31st we expect NFT STARS USD to open at $0.0028, and during the day (based on 14 day Average True Range), to move between $0.0025 and $0.0030, which gives a possible trading interval of +/-$0.0002 (+/-8.31%) up or down from last closing price. If NFT STARS USD takes out the full calculated possible swing range there will be an estimated 16.63% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0028 (0.15%) than the resistance at $0.0030 (9.51%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is NFT STARS USD cryptocurrency A Buy?
NFT STARS USD holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this cryptocurrency since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.866 Hold/Accumulate Upgraded
Predicted Opening Price for NFT STARS USD of Friday, May 31, 2024
| Fair opening price May 31, 2024 | Current price |
|---|---|
| $0.0028 ( 0.0484%) | $0.0028 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NFTSUSD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0028 | 0.0968 % | |
| R2 | 0.0028 | 0.0413 % | ||
| R1 | 0.0028 | 0.0071 % | ||
| Current price: | 0.0028 | |||
| Support | S1 | 0.0028 | -0.104 % | |
| S2 | 0.0028 | -0.138 % | ||
| S3 | 0.0027 | -0.194 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0030 | 10.46 % | |
| R2 | 0.0030 | 10.28 % | ||
| R1 | 0.0030 | 9.51 % | ||
| Current price | 0.0028 | |||
| Support | S1 | 0.0028 | -0.145% | |
| S2 | 0.0027 | -0.182% | ||
| S3 | 0.0027 | -2.14% |
FAQ
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