XinFin Network / US Dollar Cryptocurrency Forecast

Red day on Sunday for XinFin Network / US Dollar cryptocurrency after losing 1.14%
(Updated on May 05, 2024)

XDCUSD Signals & Forecast

A buy signal was issued from a pivot bottom point on Tuesday, April 30, 2024, and so far it has risen 5.09%. 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. The XinFin Network / US Dollar cryptocurrency holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the cryptocurrency giving a more negative forecast for the stock. On further gains, the cryptocurrency will meet resistance from the long-term Moving Average at $0.0398. On a fall, the cryptocurrency will find some support from the short-term average at $0.0353. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. XinFin Network / US Dollar 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".

Support, Risk & Stop-loss for XinFin Network / US Dollar cryptocurrency

XinFin Network / US Dollar finds support from accumulated volume at $0.0359 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 and with good trading volume, the risk is considered to be medium. During the last day, the cryptocurrency moved $0.0012 between high and low, or 3.24%. For the last week, the cryptocurrency has had daily average volatility of 2.91%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (XDCUSD) For The Upcoming Trading Day Of Monday 6th

For the upcoming trading day on Monday, 6th we expect XinFin Network / US Dollar to open at $0.0363, and during the day (based on 14 day Average True Range), to move between $0.0343 and $0.0380, which gives a possible trading interval of +/-$0.0019 (+/-5.22%) up or down from last closing price. If XinFin Network / US Dollar takes out the full calculated possible swing range there will be an estimated 10.45% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.0359 (0.53%) than the resistance at $0.0428 (18.51%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is XinFin Network / US Dollar cryptocurrency A Buy?

XinFin Network / US Dollar holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this cryptocurrency.

Current score: -2.195 Sell Candidate Unchanged

Predicted Opening Price for XinFin Network / US Dollar of Monday, May 6, 2024

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