Tribal Finance USD Cryptocurrency Forecast
Red day on Thursday for Tribal Finance USD cryptocurrency after losing 0.0591%
(Updated on Jun 27, 2024)
The Tribal Finance USD cryptocurrency price fell by -0.0591% on the last day (Thursday, 27th Jun 2024) from $0.644 to $0.643. During the last trading day the cryptocurrency fluctuated 0.243% from a day low at $0.643 to a day high of $0.645. The price has been going up and down for this period, and there has been a -5.52% loss for the last 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 -1 thousand shares and in total, 60 shares were bought and sold for approximately $38.59 .
The cryptocurrency lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the cryptocurrency is expected to fall -24.12% during the next 3 months and, with a 90% probability hold a price between $0.323 and $0.543 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
TRIBLUSD Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 23, 2024, and so far it has risen 9.22%. 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 Tribal Finance 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 $0.645 and $0.677. 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 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 Tribal Finance USD cryptocurrency
Tribal Finance USD finds support from accumulated volume at $0.629 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This cryptocurrency has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the cryptocurrency moved $0.0016 between high and low, or 0.243%. For the last week the cryptocurrency has had daily average volatility of 0.434%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (TRIBLUSD) For The Upcoming Trading Day Of Friday 28th
For the upcoming trading day on Friday, 28th we expect Tribal Finance USD to open at $0.644, and during the day (based on 14 day Average True Range), to move between $0.635 and $0.651, which gives a possible trading interval of +/-$0.0079 (+/-1.23%) up or down from last closing price. If Tribal Finance USD takes out the full calculated possible swing range there will be an estimated 2.46% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.656 (1.97%) than the support at $0.629 (2.27%), 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 Tribal Finance USD cryptocurrency A Buy?
Tribal Finance 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: -1.821 Sell Candidate Unchanged
Predicted Opening Price for Tribal Finance USD of Friday, June 28, 2024
Fair opening price June 28, 2024 | Current price |
---|---|
$0.644 ( 0.0757%) | $0.643 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TRIBLUSD
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.645 | 0.318% |
R2 | 0.645 | 0.226% |
R1 | 0.644 | 0.168% |
Price | 0.643 | |
S1 | 0.643 | -0.0170% |
S2 | 0.643 | -0.0742% |
S3 | 0.642 | -0.167% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.720 | 11.98% |
R2 | 0.705 | 9.68% |
R1 | 0.656 | 1.97% |
Price | 0.643 | |
S1 | 0.629 | -2.27% |
S2 | 0.618 | -3.95% |
S3 | 0.589 | -8.44% |
FAQ
Click here for our free guide on how to buy Tribal Finance USD Cryptocurrency.