Phuture USD Cryptocurrency Forecast
Big movements in Phuture USD cryptocurrency price on Tuesday moving 13.02% between high and low
(Updated on Jul 02, 2024)
The Phuture USD cryptocurrency price gained 3.63% on the last trading day (Tuesday, 2nd Jul 2024), rising from $0.0036 to $0.0037. During the last trading day the cryptocurrency fluctuated 13.02% from a day low at $0.0036 to a day high of $0.0041. The price has fallen in 7 of the last 10 days and is down by -56.63% for this period. Volume fell on the last day by -2 thousand shares and in total, 106 shares were bought and sold for approximately $0.396 . 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 $0.0035 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the cryptocurrency is expected to fall -50.55% during the next 3 months and, with a 90% probability hold a price between $0.0017 and $0.0043 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
PHTRUSD Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, July 01, 2024, and so far it has risen 3.63%. 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 Phuture 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 $0.0042 and $0.0081. 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 Phuture USD cryptocurrency
Phuture USD finds support from accumulated volume at $0.0036 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 $0.0005 between high and low, or 13.02%. For the last week the cryptocurrency has had daily average volatility of 12.59%.
Phuture USD is oversold on RSI14 (10). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (PHTRUSD) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Phuture USD to open at $0.0038, and during the day (based on 14 day Average True Range), to move between $0.0032 and $0.0043, which gives a possible trading interval of +/-$0.0005 (+/-14.37%) up or down from last closing price. If Phuture USD takes out the full calculated possible swing range there will be an estimated 28.75% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0036 (3.51%) than the resistance at $0.0040 (6.50%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Phuture USD cryptocurrency A Buy?
Phuture 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: -4.980 Sell Candidate Upgraded
Predicted Opening Price for Phuture USD of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $0.0038 ( 2.21%) | $0.0037 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PHTRUSD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0043 | 14.84% |
| R2 | 0.0041 | 10.02% |
| R1 | 0.0040 | 7.04% |
| Price | 0.0037 | |
| S1 | 0.0036 | -2.61% |
| S2 | 0.0035 | -5.59% |
| S3 | 0.0033 | -10.42% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0046 | 23.52% |
| R2 | 0.0043 | 15.25% |
| R1 | 0.0040 | 6.50% |
| Price | 0.0037 | |
| S1 | 0.0036 | -3.51% |
| S2 | 0 | - |
| S3 | 0 | - |
FAQ
Click here for our free guide on how to buy Phuture USD Cryptocurrency.
