CryptoFranc USD Cryptocurrency Forecast
Stronger technical forecast for CryptoFranc USD cryptocurrency price after Tuesday trading.
(Updated on Jul 02, 2024)
The CryptoFranc USD cryptocurrency price gained 3.46% on the last trading day (Tuesday, 2nd Jul 2024), rising from $1.07 to $1.11. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the cryptocurrency fluctuated 0.571% from a day low at $1.10 to a day high of $1.11. The price has risen in 7 of the last 10 days and is up by 56.86% over the past 2 weeks. Volume fell on the last day by -2 thousand shares and in total, 452 shares were bought and sold for approximately $499.73 . You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
Given the current short-term trend, the cryptocurrency is expected to fall -10.65% during the next 3 months and, with a 90% probability hold a price between $0.527 and $0.99 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.
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XCHFUSD Signals & Forecast
The CryptoFranc USD cryptocurrency holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the cryptocurrency has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $0.98 and $1.02. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Saturday, June 29, 2024, and so far it has risen 85.91%. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued. The cryptocurrency had a Golden Star Signal on Thursday, May 09, 2024 in the short-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
The cryptocurrency had a Golden Star Signal on Thursday, May 09, 2024 in the short-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 CryptoFranc USD cryptocurrency
CryptoFranc USD finds support from accumulated volume at $1.10 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 periodic low trading volume this cryptocurrency is considered to be "very high risk". During the last day, the cryptocurrency moved $0.0063 between high and low, or 0.571%. For the last week the cryptocurrency has had daily average volatility of 27.74%.
Our recommended stop-loss: $1.07 (-3.50%) (This cryptocurrency has very high daily movements and this gives very high risk. There is a buy signal from a pivot bottom found 4 days ago.)
Trading Expectations (XCHFUSD) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect CryptoFranc USD to open at $1.10, and during the day (based on 14 day Average True Range), to move between $0.93 and $1.28, which gives a possible trading interval of +/-$0.179 (+/-16.17%) up or down from last closing price. If CryptoFranc USD takes out the full calculated possible swing range there will be an estimated 32.33% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $1.11 (0.47%) than the support at $1.10 (0.65%), 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 CryptoFranc USD cryptocurrency A Buy?
Several short-term signals are positive, despite the cryptocurrency being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for cryptocurrency to perform well in the short-term. We have upgraded our analysis conclusion for this cryptocurrency since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 3.214 Buy Candidate Upgraded
Predicted Opening Price for CryptoFranc USD of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $1.10 ( 0.189%) | $1.11 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for XCHFUSD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.11 | 0.379% |
| R2 | 1.11 | 0.162% |
| R1 | 1.11 | 0.0276% |
| Price | 1.11 | |
| S1 | 1.10 | -0.406% |
| S2 | 1.10 | -0.540% |
| S3 | 1.10 | -0.757% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.13 | 2.04% |
| R2 | 1.11 | 0.701% |
| R1 | 1.11 | 0.471% |
| Price | 1.11 | |
| S1 | 1.10 | -0.650% |
| S2 | 1.09 | -0.99% |
| S3 | 1.06 | -3.79% |
FAQ
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