TrueFeedBack USD Cryptocurrency Forecast

TrueFeedBack USD cryptocurrency downgraded to Strong Sell Candidate
(Updated on Jun 25, 2024)

TFBXUSD 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 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 $0.00004271 and $0.00005437. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Sunday, May 26, 2024, and so far it has fallen -40.58%. 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 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.

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 $0.000001 between high and low, or 2.44%. For the last week the cryptocurrency has had daily average volatility of 0.488%.

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 Wednesday 26th

For the upcoming trading day on Wednesday, 26th we expect TrueFeedBack USD to open at $0.00004133, and during the day (based on 14 day Average True Range), to move between $0.00003968 and $0.00004232, which gives a possible trading interval of +/-$0.00000132 (+/-3.23%) up or down from last closing price. If TrueFeedBack USD takes out the full calculated possible swing range there will be an estimated 6.45% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ $0.000042, some $0.000001 (2.44%) from the current price of $0.000041, 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 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 Sell to a Strong Sell candidate.

Current score: -5.233 Strong Sell Candidate Downgraded

Predicted Opening Price for TrueFeedBack USD of Wednesday, June 26, 2024

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