Türkiye Motosiklet Federasyonu Fan Cryptocurrency Forecast
Red day on Tuesday for Türkiye Motosiklet Federasyonu Fan cryptocurrency after losing 1.65%
(Updated on Jul 02, 2024)
The Türkiye Motosiklet Federasyonu Fan cryptocurrency price fell by -1.65% on the last day (Tuesday, 2nd Jul 2024) from $0.0006 to $0.0006. During the last trading day the cryptocurrency fluctuated 1.54% from a day low at $0.0006 to a day high of $0.0006. The price has risen in 6 of the last 10 days and is up by 57.24% over the past 2 weeks. Volume has increased on the last day by 177 shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 4 thousand shares were bought and sold for approximately $2.29 .
The cryptocurrency lies in the upper part of a very wide and strong rising 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 $0.0006 will firstly indicate a stronger rate of rising. Given the current short-term trend, the cryptocurrency is expected to rise 39.97% during the next 3 months and, with a 90% probability hold a price between $0.0005 and $0.0008 at the end of this 3-month period.
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TMFTUSD Signals & Forecast
The Türkiye Motosiklet Federasyonu Fan 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 $0.0005 and $0.0004. 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 Saturday, June 29, 2024, and so far it has fallen -5.04%. Further fall is indicated until a new bottom pivot has been found. Türkiye Motosiklet Federasyonu Fan gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Türkiye Motosiklet Federasyonu Fan cryptocurrency
On the downside, the cryptocurrency finds support just below today's level from accumulated volume at $0.0005 and $0.0005. There is a natural risk involved when a cryptocurrency is testing a support level, since if this is broken, the cryptocurrency then may fall to the next support level. In this case, Türkiye Motosiklet Federasyonu Fan finds support just below today's level at $0.0005. If this is broken, then the next support from accumulated volume will be at $0.0005 and $0.0004.
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 $0.0000086 between high and low, or 1.54%. For the last week, the cryptocurrency has had daily average volatility of 2.29%.
Our recommended stop-loss: $0.0005 (-3.77%) (This cryptocurrency has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 9 days ago.)
Trading Expectations (TMFTUSD) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Türkiye Motosiklet Federasyonu Fan Token USD to open at $0.0006, and during the day (based on 14 day Average True Range), to move between $0.0005 and $0.0006, which gives a possible trading interval of +/-$0.00004216 (+/-7.49%) up or down from last closing price. If Türkiye Motosiklet Federasyonu Fan Token USD takes out the full calculated possible swing range there will be an estimated 14.98% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0006 (1.68%) than the support at $0.0005 (14.04%), 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 Türkiye Motosiklet Federasyonu Fan Token USD 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 Türkiye Motosiklet Federasyonu Fan cryptocurrency to perform well in the short-term.
Current score: 3.618 Buy Candidate Unchanged
Predicted Opening Price for Türkiye Motosiklet Federasyonu Fan Token USD of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $0.0006 ( 0.136%) | $0.0006 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TMFTUSD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0006 | 1.66% |
| R2 | 0.0006 | 1.08% |
| R1 | 0.0006 | 0.720% |
| Price | 0.0006 | |
| S1 | 0.0006 | -0.447% |
| S2 | 0.0006 | -0.81% |
| S3 | 0.0006 | -1.39% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0.0006 | 5.31% |
| R1 | 0.0006 | 1.68% |
| Price | 0.0006 | |
| S1 | 0.0005 | -14.04% |
| S2 | 0.0005 | -19.87% |
| S3 | 0.0004 | -22.31% |
FAQ
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