1inch / US Dollar Cryptocurrency Forecast
Green day on Saturday for 1inch / US Dollar cryptocurrency after gaining 0.0924%
(Updated on Apr 27, 2024)
The 1inch / US Dollar cryptocurrency price gained 0.0924% on the last trading day (Saturday, 27th Apr 2024), rising from $0.433 to $0.433. During the last trading day the cryptocurrency fluctuated 4.18% from a day low at $0.424 to a day high of $0.441. The price has risen in 6 of the last 10 days and is up by 10.2% over the past 2 weeks. Volume fell on the last day by -21 million shares and in total, 3 million shares were bought and sold for approximately $1.10 million. 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.
The cryptocurrency lies in the lower part of a very wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.400 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 9.40% during the next 3 months and, with a 90% probability hold a price between $0.438 and $0.777 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
1INCHUSD Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 10.20%. 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 1inch / US Dollar 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 $0.441 and $0.509. A break-up above any of these levels will issue buy signals. 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 also not.
Support, Risk & Stop-loss for 1inch / US Dollar cryptocurrency
On the downside, the cryptocurrency finds support just below today's level from accumulated volume at $0.409 and $0.394. There is a natural risk involved when a cryptocurrency is testing a support level, since if this is broken, the cryptocurrency then may fall to the next support level. In this case, 1inch / US Dollar finds support just below today's level at $0.409. If this is broken, then the next support from accumulated volume will be at $0.394 and $0.391.
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 $0.0177 between high and low, or 4.18%. For the last week the cryptocurrency has had daily average volatility of 7.61%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (1INCHUSD) For The Upcoming Trading Day Of Sunday 28th
For the upcoming trading day on Sunday, 28th we expect 1inch / US Dollar to open at $0.433, and during the day (based on 14 day Average True Range), to move between $0.385 and $0.482, which gives a possible trading interval of +/-$0.0486 (+/-11.22%) up or down from last closing price. If 1inch / US Dollar takes out the full calculated possible swing range there will be an estimated 22.44% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.409 (5.63%) than the resistance at $0.471 (8.68%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is 1inch / US Dollar cryptocurrency A Buy?
The 1inch / US Dollar cryptocurrency holds several negative signals and despite the positive trend, we believe 1inch / US Dollar will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this cryptocurrency.
Current score: -1.914 Sell Candidate Unchanged
Predicted Opening Price for 1inch / US Dollar of Sunday, April 28, 2024
| Fair opening price April 28, 2024 | Current price |
|---|---|
| $0.433 ( 0.131%) | $0.433 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 1INCHUSD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.451 | 3.95 % | |
| R2 | 0.444 | 2.39 % | ||
| R1 | 0.440 | 1.43 % | ||
| Current price: | 0.433 | |||
| Support | S1 | 0.426 | -1.69 % | |
| S2 | 0.422 | -2.65 % | ||
| S3 | 0.415 | -4.21 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.535 | 23.44 % | |
| R2 | 0.495 | 14.12 % | ||
| R1 | 0.471 | 8.68 % | ||
| Current price | 0.433 | |||
| Support | S1 | 0.409 | -5.63% | |
| S2 | 0.394 | -9.09% | ||
| S3 | 0.391 | -9.78% |
FAQ
Click here for our free guide on how to buy 1inch / US Dollar Cryptocurrency.
