Tenset USD Cryptocurrency Forecast
Volatile ride for Tenset USD cryptocurrency price on Wednesday moving between $1.00 and $1.15
(Updated on May 01, 2024)
The Tenset USD cryptocurrency price fell by -11.66% on the last day (Wednesday, 1st May 2024) from $1.13 to $1.00. During the last trading day the cryptocurrency fluctuated 15.16% from a day low at $1.00 to a day high of $1.15. The price has fallen in 6 of the last 10 days and is down by -27.64% for this period. 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 -7 thousand shares and in total, 747 thousand shares were bought and sold for approximately $749.04 thousand.
Given the current short-term trend, the cryptocurrency is expected to rise 34.72% during the next 3 months and, with a 90% probability hold a price between $1.35 and $2.15 at the end of this 3-month period.
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10SETUSD Signals & Forecast
There are few to no technical positive signals at the moment. The Tenset 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 $1.14 and $1.16. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, April 10, 2024, and so far it has fallen -33.10%. 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). 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.
Support, Risk & Stop-loss for Tenset USD cryptocurrency
Tenset USD finds support from accumulated volume at $0.99 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 much during the day (volatility) and with periodic low trading volume this cryptocurrency is considered to be "high risk". During the last day, the cryptocurrency moved $0.152 between high and low, or 15.16%. For the last week the cryptocurrency has had daily average volatility of 7.72%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (10SETUSD) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect Tenset USD to open at $1.05, and during the day (based on 14 day Average True Range), to move between $0.89 and $1.11, which gives a possible trading interval of +/-$0.111 (+/-11.06%) up or down from last closing price. If Tenset USD takes out the full calculated possible swing range there will be an estimated 22.12% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.99 (1.57%) than the resistance at $1.03 (3.14%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Tenset USD cryptocurrency A Buy?
The Tenset USD cryptocurrency holds several negative signals and despite the positive trend, we believe Tenset USD will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this cryptocurrency.
Current score: -2.262 Sell Candidate Unchanged
Predicted Opening Price for Tenset USD of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| $1.05 ( 5.01%) | $1.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 10SETUSD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.20 | 20.16 % | |
| R2 | 1.15 | 14.37 % | ||
| R1 | 1.11 | 10.80 % | ||
| Current price: | 1.00 | |||
| Support | S1 | 0.99 | -0.781 % | |
| S2 | 0.96 | -4.36 % | ||
| S3 | 0.90 | -10.14 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.22 | 21.91 % | |
| R2 | 1.12 | 11.87 % | ||
| R1 | 1.03 | 3.14 % | ||
| Current price | 1.00 | |||
| Support | S1 | 0.99 | -1.57% | |
| S2 | 0.95 | -4.79% | ||
| S3 | 0.90 | -9.80% |
FAQ
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