FedoraCoin Cryptocurrency Forecast

Weaker technical forecast for FedoraCoin as cryptocurrency downgraded to Hold/Accumulate.
(Updated on May 31, 2024)

TIPSUSD Signals & Forecast

The FedoraCoin 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 $0.000004 and $0.00000361. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Sunday, April 14, 2024, and so far it has risen 33.33%. Further rise is indicated until a new top pivot has been found. 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. 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 FedoraCoin cryptocurrency

On the downside, the cryptocurrency finds support just below today's level from accumulated volume at $0.00000343. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $ may give a huge drop in the cryptocurrency price.

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 between high and low, or 0%. For the last week the cryptocurrency has had daily average volatility of 5.00%.

Our recommended stop-loss: $0.00000385 (-3.78%) (This cryptocurrency has very high daily movements and this gives very high risk. There is a buy signal from a pivot bottom found 88 days ago.)

Trading Expectations (TIPSUSD) For The Upcoming Trading Day Of Saturday 1st

For the upcoming trading day on Saturday, 1st we expect FedoraCoin to open at $0.000004, and during the day (based on 14 day Average True Range), to move between $0.00000362 and $0.00000438, which gives a possible trading interval of +/-$0.00000038 (+/-9.61%) up or down from last closing price. If FedoraCoin takes out the full calculated possible swing range there will be an estimated 19.22% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.00000433 (8.25%) than the support at $0.00000343 (14.17%), 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 FedoraCoin cryptocurrency A Buy?

FedoraCoin 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: 0.704 Hold/Accumulate Downgraded

Predicted Opening Price for FedoraCoin of Saturday, June 1, 2024

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