Alchemy Pay / US Dollar Cryptocurrency Forecast

High volatility in Alchemy Pay / US Dollar cryptocurrency price on Wednesday which ended trading at $0.0285
(Updated on May 01, 2024)

ACHUSD Signals & Forecast

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 Alchemy Pay / 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 $0.0331 and $0.0335. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Saturday, March 16, 2024, and so far it has fallen -36.93%. Further fall is indicated until a new bottom pivot has been found. Alchemy Pay / 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 Alchemy Pay / US Dollar cryptocurrency

On the downside, the cryptocurrency finds support just below today's level from accumulated volume at $0.0264 and $0.0254. 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, Alchemy Pay / US Dollar finds support just below today's level at $0.0264. If this is broken, then the next support from accumulated volume will be at $0.0254 and $0.0249.

This cryptocurrency may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this cryptocurrency is considered to be "high risk". During the last day, the cryptocurrency moved $0.0028 between high and low, or 10.48%. For the last week, the cryptocurrency has had daily average volatility of 8.81%.

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

Trading Expectations (ACHUSD) For The Upcoming Trading Day Of Thursday 2nd

For the upcoming trading day on Thursday, 2nd we expect Alchemy Pay / US Dollar to open at $0.0284, and during the day (based on 14 day Average True Range), to move between $0.0243 and $0.0326, which gives a possible trading interval of +/-$0.0041 (+/-14.48%) up or down from last closing price. If Alchemy Pay / US Dollar takes out the full calculated possible swing range there will be an estimated 28.96% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.0289 (1.60%) than the support at $0.0264 (7.16%), 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 Alchemy Pay / US Dollar cryptocurrency A Buy?

The Alchemy Pay / US Dollar cryptocurrency holds several negative signals and despite the positive trend, we believe Alchemy Pay / US Dollar will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this cryptocurrency. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this cryptocurrency since the last evaluation from a Sell to a Strong Sell candidate.

Current score: -5.220 Strong Sell Candidate Downgraded

Predicted Opening Price for Alchemy Pay / US Dollar of Thursday, May 2, 2024

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