Phuture USD Cryptocurrency Forecast
Is Phuture USD cryptocurrency still a buy after falling -8.28% on Saturday?
(Updated on May 18, 2024)
The Phuture USD cryptocurrency price fell by -8.28% on the last day (Saturday, 18th May 2024) from $0.0116 to $0.0107. During the last trading day the cryptocurrency fluctuated 9.53% from a day low at $0.0106 to a day high of $0.0116. The price has risen in 5 of the last 10 days but is still down by -0.77% 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 -242 shares and in total, 14 thousand shares were bought and sold for approximately $149.37 .
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. Given the current short-term trend, the cryptocurrency is expected to fall -19.91% during the next 3 months and, with a 90% probability hold a price between $0.0044 and $0.0169 at the end of this 3-month period.
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PHTRUSD 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 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 $0.0109 and $0.0122. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, March 08, 2024, and so far it has fallen -57.77%. Further fall is indicated until a new bottom pivot has been found. 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 Phuture USD cryptocurrency
Phuture USD finds support from accumulated volume at $0.0105 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 $0.0010 between high and low, or 9.53%. For the last week the cryptocurrency has had daily average volatility of 4.05%.
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 Sunday 19th
For the upcoming trading day on Sunday, 19th we expect Phuture USD to open at $0.0110, and during the day (based on 14 day Average True Range), to move between $0.0102 and $0.0112, which gives a possible trading interval of +/-$0.0005 (+/-4.76%) up or down from last closing price. If Phuture USD takes out the full calculated possible swing range there will be an estimated 9.51% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0107 (0.22%) than the support at $0.0105 (1.69%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this cryptocurrency since the last evaluation from a Hold/Accumulate to a Strong Sell candidate.
Current score: -5.345 Strong Sell Candidate Downgraded
Predicted Opening Price for Phuture USD of Sunday, May 19, 2024
| Fair opening price May 19, 2024 | Current price |
|---|---|
| $0.0110 ( 2.91%) | $0.0107 |
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 | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0120 | 12.40 % | |
| R2 | 0.0116 | 8.78 % | ||
| R1 | 0.0114 | 6.54 % | ||
| Current price: | 0.0107 | |||
| Support | S1 | 0.0106 | -0.718 % | |
| S2 | 0.0104 | -2.96 % | ||
| S3 | 0.0100 | -6.59 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0118 | 10.69 % | |
| R2 | 0.0107 | 0.572 % | ||
| R1 | 0.0107 | 0.225 % | ||
| Current price | 0.0107 | |||
| Support | S1 | 0.0105 | -1.69% | |
| S2 | 0.0104 | -2.15% | ||
| S3 | 0.0103 | -3.53% |
FAQ
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