Footballcoin (XFC) USD Cryptocurrency Forecast

Red day on Wednesday for Footballcoin (XFC) USD cryptocurrency after losing 0.180%
(Updated on Jun 26, 2024)

XFCUSD Signals & Forecast

The Footballcoin (XFC) USD cryptocurrency holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the cryptocurrency giving a positive forecast for the stock. On further gains, the cryptocurrency will meet resistance from the short-term Moving Average at approximately $0.0083. On a fall, the cryptocurrency will find some support from the long-term average at approximately $0.0082. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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 Monday, June 17, 2024, and so far it has fallen -0.358%. Further fall is indicated until a new bottom pivot has been found. 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. The cryptocurrency had a Golden Star Signal on Sunday, April 07, 2024 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 Footballcoin (XFC) USD cryptocurrency

Footballcoin (XFC) USD finds support from accumulated volume at $0.0081 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the cryptocurrency tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the cryptocurrency During the last day, the cryptocurrency moved $0.000044 between high and low, or 0.530%. For the last week the cryptocurrency has had daily average volatility of 0.435%

The Footballcoin (XFC) USD cryptocurrency is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some cryptocurrencies may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the cryptocurrency manages to break the trend before that occurs.

Our recommended stop-loss: $0.0080 (-3.78%) (This cryptocurrency has low daily movements and this gives low risk. The RSI14 is 80 and this increases the risk substantially. There is a sell signal from a pivot top found 73 days ago.)

Trading Expectations (XFCUSD) For The Upcoming Trading Day Of Thursday 27th

For the upcoming trading day on Thursday, 27th we expect Footballcoin (XFC) USD to open at $0.0083, and during the day (based on 14 day Average True Range), to move between $0.0083 and $0.0084, which gives a possible trading interval of +/-$0.00006109 (+/-0.73%) up or down from last closing price. If Footballcoin (XFC) USD takes out the full calculated possible swing range there will be an estimated 1.47% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.0083 (0.02%) than the support at $0.0081 (2.96%), 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 Footballcoin (XFC) USD cryptocurrency A Buy?

Footballcoin (XFC) 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.

Current score: -0.680 Hold/Accumulate Unchanged

Predicted Opening Price for Footballcoin (XFC) USD of Thursday, June 27, 2024

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