Theta Fuel Cryptocurrency Forecast
Volatile ride for Theta Fuel cryptocurrency price on Saturday moving between $0.104 and $0.117
(Updated on Apr 27, 2024)
The Theta Fuel cryptocurrency price fell by -9.12% on the last day (Saturday, 27th Apr 2024) from $0.119 to $0.108. During the last trading day the cryptocurrency fluctuated 12.52% from a day low at $0.104 to a day high of $0.117. The price has risen in 7 of the last 10 days and is up by 25.26% over the past 2 weeks. 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 -851 thousand shares and in total, 14 million shares were bought and sold for approximately $1.51 million.
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 144.34% during the next 3 months and, with a 90% probability hold a price between $0.216 and $0.293 at the end of this 3-month period.
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TFUELUSD Signals & Forecast
The Theta Fuel 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 $0.108 and $0.0935. 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 Friday, April 26, 2024, and so far it has fallen -9.12%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Theta Fuel cryptocurrency
Theta Fuel finds support from accumulated volume at $0.107 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 very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this cryptocurrency is considered to be "very high risk". During the last day, the cryptocurrency moved $0.0131 between high and low, or 12.52%. For the last week, the cryptocurrency has had daily average volatility of 15.32%.
Our recommended stop-loss: $0.102 (-5.86%) (This cryptocurrency has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (TFUELUSD) For The Upcoming Trading Day Of Sunday 28th
For the upcoming trading day on Sunday, 28th we expect Theta Fuel to open at $0.110, and during the day (based on 14 day Average True Range), to move between $0.0945 and $0.122, which gives a possible trading interval of +/-$0.0138 (+/-12.78%) up or down from last closing price. If Theta Fuel takes out the full calculated possible swing range there will be an estimated 25.55% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.107 (1.03%) than the resistance at $0.110 (1.39%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Theta Fuel cryptocurrency A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Theta Fuel cryptocurrency to perform well in the short-term.
Current score: 3.565 Buy Candidate Unchanged
Predicted Opening Price for Theta Fuel of Sunday, April 28, 2024
| Fair opening price April 28, 2024 | Current price |
|---|---|
| $0.110 ( 1.57%) | $0.108 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TFUELUSD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.123 | 13.63 % | |
| R2 | 0.118 | 9.02 % | ||
| R1 | 0.115 | 6.18 % | ||
| Current price: | 0.108 | |||
| Support | S1 | 0.105 | -3.04 % | |
| S2 | 0.102 | -5.88 % | ||
| S3 | 0.0969 | -10.49 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.119 | 9.98 % | |
| R2 | 0.116 | 7.28 % | ||
| R1 | 0.110 | 1.39 % | ||
| Current price | 0.108 | |||
| Support | S1 | 0.107 | -1.03% | |
| S2 | 0.105 | -3.23% | ||
| S3 | 0.0941 | -13.09% |
FAQ
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