TrueFeedBack USD Cryptocurrency Forecast

TrueFeedBack USD cryptocurrency price ended at $0.000048 on Monday, after losing 0%.
(Updated on Jun 17, 2024)

TFBXUSD Signals & Forecast

A buy signal was issued from a pivot bottom point on Tuesday, June 11, 2024, and so far it has fallen 0%. 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 TrueFeedBack 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 $0.000048 and $0.00005997. 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 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 TrueFeedBack USD cryptocurrency

There is no support from accumulated volume below today's level and given the right condition the cryptocurrency may perform very badly in the next couple of days.

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 1.28%

TrueFeedBack USD is oversold on RSI14 (13). 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 (TFBXUSD) For The Upcoming Trading Day Of Tuesday 18th

For the upcoming trading day on Tuesday, 18th we expect TrueFeedBack USD to open at $0.000048, and during the day (based on 14 day Average True Range), to move between $0.00004642 and $0.00004958, which gives a possible trading interval of +/-$0.00000158 (+/-3.30%) up or down from last closing price. If TrueFeedBack USD takes out the full calculated possible swing range there will be an estimated 6.60% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ $0.00005, some $0.000002 (4.17%) from the current price of $0.000048, our system finds the risk reward not very attractive.

Is TrueFeedBack USD cryptocurrency A Buy?

TrueFeedBack 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.

Current score: -1.691 Sell Candidate Unchanged

Predicted Opening Price for TrueFeedBack USD of Tuesday, June 18, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.