SwftCoin / US Dollar Cryptocurrency Forecast
Evaluation of SwftCoin / US Dollar cryptocurrency downgraded after the last trading session.
(Updated on Jun 17, 2024)
No changes to the price of SwftCoin / US Dollar cryptocurrency on the last trading day (Monday, 17th Jun 2024). During the last trading day the cryptocurrency fluctuated 0% from a day low at $0.0062 to a day high of $0.0062. The price has fallen in 5 of the last 10 days and is down by -4.77% for this period.
The cryptocurrency lies the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $0.0068 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the cryptocurrency is expected to fall -7.41% during the next 3 months and, with a 90% probability hold a price between $0.0037 and $0.0063 at the end of this 3-month period.
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SWFTCUSD Signals & Forecast
The SwftCoin / US Dollar 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 $0.0060 and $0.0052. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Sunday, June 16, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. 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 SwftCoin / US Dollar cryptocurrency
SwftCoin / US Dollar finds support from accumulated volume at $0.0062 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 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 9.22%
Our recommended stop-loss: $0.0060 (-3.74%) (This cryptocurrency has low daily movements and this gives low risk. There is a sell signal from a pivot top found 8 days ago.)
Trading Expectations (SWFTCUSD) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect SwftCoin / US Dollar to open at $0.0062, and during the day (based on 14 day Average True Range), to move between $0.0056 and $0.0068, which gives a possible trading interval of +/-$0.0006 (+/-9.73%) up or down from last closing price. If SwftCoin / US Dollar takes out the full calculated possible swing range there will be an estimated 19.47% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0062 (0.51%) than the resistance at $0.0064 (2.26%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is SwftCoin / US Dollar cryptocurrency A Buy?
SwftCoin / US Dollar 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this cryptocurrency since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: -0.055 Hold/Accumulate Downgraded
Predicted Opening Price for SwftCoin / US Dollar of Tuesday, June 18, 2024
Fair opening price June 18, 2024 | Current price |
---|---|
$0.0062 ( 0%) | $0.0062 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SWFTCUSD
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.0062 | - |
R2 | 0.0062 | - |
R1 | 0.0062 | - |
Price | 0.0062 | |
S1 | 0.0062 | - |
S2 | 0.0062 | - |
S3 | 0.0062 | - |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.0072 | 15.87% |
R2 | 0.0065 | 4.72% |
R1 | 0.0064 | 2.26% |
Price | 0.0062 | |
S1 | 0.0062 | -0.514% |
S2 | 0.0061 | -1.67% |
S3 | 0.0048 | -23.11% |
FAQ
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