Croatian FF Fan Token USD Cryptocurrency Forecast
Croatian FF Fan Token USD cryptocurrency upgraded from Sell Candidate to Hold/Accumulate after Friday trading session.
(Updated on May 17, 2024)
The Croatian FF Fan Token USD cryptocurrency price gained 2.88% on the last trading day (Friday, 17th May 2024), rising from $0.538 to $0.554. During the last trading day the cryptocurrency fluctuated 2.54% from a day low at $0.546 to a day high of $0.560. The price has risen in 7 of the last 10 days and is up by 1.25% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 18 thousand more shares were traded than the day before. In total, 18 thousand shares were bought and sold for approximately $9.90 thousand.
The cryptocurrency lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.488 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the cryptocurrency is expected to rise 64.58% during the next 3 months and, with a 90% probability hold a price between $0.80 and $1.66 at the end of this 3-month period.
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VATRENIUSD Signals & Forecast
The Croatian FF Fan Token USD 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 $0.548 and $0.538. A breakdown below any of these levels will issue sell signals. Croatian FF Fan Token USD has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. 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 Monday, April 08, 2024, and so far it has fallen -33.80%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The cryptocurrency had a Golden Star Signal on Monday, October 09, 2023 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the cryptocurrency in question.
Golden Star 12 Months
The cryptocurrency had a Golden Star Signal on Monday, October 09, 2023 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the cryptocurrency in question.
Support, Risk & Stop-loss for Croatian FF Fan Token USD cryptocurrency
Croatian FF Fan Token USD finds support from accumulated volume at $0.552 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This cryptocurrency is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the cryptocurrency moved $0.0139 (2.54%) between high and low. For the last week, the cryptocurrency has had daily average volatility of 1.99%.
Our recommended stop-loss: $0.521 (-5.92%) (This cryptocurrency has low daily movements and this gives low risk. There is a sell signal from a pivot top found 39 days ago.)
Trading Expectations (VATRENIUSD) For The Upcoming Trading Day Of Saturday 18th
For the upcoming trading day on Saturday, 18th we expect Croatian FF Fan Token USD to open at $0.553, and during the day (based on 14 day Average True Range), to move between $0.523 and $0.585, which gives a possible trading interval of +/-$0.0313 (+/-5.64%) up or down from last closing price. If Croatian FF Fan Token USD takes out the full calculated possible swing range there will be an estimated 11.29% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.552 (0.36%) than the resistance at $0.573 (3.39%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Croatian FF Fan Token USD cryptocurrency A Buy?
Croatian FF Fan Token USD 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. We have upgraded our analysis conclusion for this cryptocurrency since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.000 Hold/Accumulate Upgraded
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Croatian FF Fan Token USD of Saturday, May 18, 2024
| Fair opening price May 18, 2024 | Current price |
|---|---|
| $0.553 ( 0.0987%) | $0.554 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VATRENIUSD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.567 | 2.41 % | |
| R2 | 0.562 | 1.45 % | ||
| R1 | 0.559 | 0.86 % | ||
| Current price: | 0.554 | |||
| Support | S1 | 0.548 | -1.06 % | |
| S2 | 0.545 | -1.65 % | ||
| S3 | 0.539 | -2.61 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.679 | 22.53 % | |
| R2 | 0.625 | 12.78 % | ||
| R1 | 0.573 | 3.39 % | ||
| Current price | 0.554 | |||
| Support | S1 | 0.552 | -0.365% | |
| S2 | 0.453 | -18.26% | ||
| S3 | 0.439 | -20.80% |
FAQ
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