FC Sion Fan Token USD Cryptocurrency Forecast
A very strong day for FC Sion Fan Token USD cryptocurrency price on Friday
(Updated on Jun 21, 2024)
The FC Sion Fan Token USD cryptocurrency price gained 6.25% on the last trading day (Friday, 21st Jun 2024), rising from $0.0036 to $0.0038. During the last trading day the cryptocurrency fluctuated 6.98% from a day low at $0.0036 to a day high of $0.0038. The price has been going up and down for this period, and there has been a -3.81% loss for the last 2 weeks. Volume fell on the last day by -137 shares and in total, 4 thousand shares were bought and sold for approximately $14.81 . 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 middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the cryptocurrency is expected to rise 40.11% during the next 3 months and, with a 90% probability hold a price between $0.0041 and $0.0069 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.
SIONUSD Signals & Forecast
A sell signal was issued from a pivot top point on Saturday, June 15, 2024, and so far it has fallen -22.09%. 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 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. Some positive signals were issued as well, and these may have some influence on the near short-term development. The FC Sion Fan Token USD cryptocurrency holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the cryptocurrency giving a positive forecast for the stock. On further gains, the cryptocurrency will meet resistance from the short-term Moving Average at approximately $0.0039. On a fall, the cryptocurrency will find some support from the long-term average at approximately $0.0034. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal.
Support, Risk & Stop-loss for FC Sion Fan Token USD cryptocurrency
On the downside, the cryptocurrency finds support just below today's level from accumulated volume at $0.0033 and $0.0031. There is a natural risk involved when a cryptocurrency is testing a support level, since if this is broken, the cryptocurrency then may fall to the next support level. In this case, FC Sion Fan Token USD finds support just below today's level at $0.0033. If this is broken, then the next support from accumulated volume will be at $0.0031 and $0.0031.
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 $0.0002 between high and low, or 6.98%. For the last week the cryptocurrency has had daily average volatility of 6.74%.
Our recommended stop-loss: $0.0036 (-5.58%) (This cryptocurrency has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 68 days ago.)
Trading Expectations (SIONUSD) For The Upcoming Trading Day Of Saturday 22nd
For the upcoming trading day on Saturday, 22nd we expect FC Sion Fan Token USD to open at $0.0037, and during the day (based on 14 day Average True Range), to move between $0.0034 and $0.0041, which gives a possible trading interval of +/-$0.0003 (+/-9.17%) up or down from last closing price. If FC Sion Fan Token USD takes out the full calculated possible swing range there will be an estimated 18.34% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0041 (8.30%) than the support at $0.0033 (12.13%), 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 FC Sion Fan Token USD cryptocurrency A Buy?
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period.
Current score: 3.288 Buy Candidate Unchanged
Predicted Opening Price for FC Sion Fan Token USD of Saturday, June 22, 2024
| Fair opening price June 22, 2024 | Current price |
|---|---|
| $0.0037 ( 2.02%) | $0.0038 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SIONUSD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0040 | 4.52% |
| R2 | 0.0039 | 2.02% |
| R1 | 0.0038 | 0.481% |
| Price | 0.0038 | |
| S1 | 0.0036 | -4.51% |
| S2 | 0.0036 | -6.06% |
| S3 | 0.0035 | -8.55% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0042 | 11.09% |
| R2 | 0.0042 | 10.34% |
| R1 | 0.0041 | 8.30% |
| Price | 0.0038 | |
| S1 | 0.0033 | -12.13% |
| S2 | 0.0031 | -18.20% |
| S3 | 0.0031 | -18.28% |
FAQ
Click here for our free guide on how to buy FC Sion Fan Token USD Cryptocurrency.
