Arable Protocol USD Cryptocurrency Forecast
Arable Protocol USD cryptocurrency price up 1.44% on Wednesday
(Updated on May 01, 2024)
The Arable Protocol USD cryptocurrency price gained 1.44% on the last trading day (Wednesday, 1st May 2024), rising from $0.0002 to $0.0002. During the last trading day the cryptocurrency fluctuated 8.77% from a day low at $0.0002 to a day high of $0.0002. The price has fallen in 5 of the last 10 days and is down by -18.95% for this period. Volume fell on the last day by -592 shares and in total, 270 shares were bought and sold for approximately $0.0670 . 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 strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.0002 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 33.87% during the next 3 months and, with a 90% probability hold a price between $0.0003 and $0.0006 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.
ACREUSD 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 Arable Protocol 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 $0.0003 and $0.0003. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, March 25, 2024, and so far it has fallen -40.38%. Further fall is indicated until a new bottom pivot has been found. 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 not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Arable Protocol USD cryptocurrency
Arable Protocol USD finds support from accumulated volume at $0.0002 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 $0.00002 between high and low, or 8.77%. For the last week the cryptocurrency has had daily average volatility of 5.06%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ACREUSD) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect Arable Protocol USD to open at $0.0002, and during the day (based on 14 day Average True Range), to move between $0.0002 and $0.0003, which gives a possible trading interval of +/-$0.00001447 (+/-5.83%) up or down from last closing price. If Arable Protocol USD takes out the full calculated possible swing range there will be an estimated 11.67% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0003 (0.81%) than the support at $0.0002 (1.42%), 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 Arable Protocol USD cryptocurrency A Buy?
The Arable Protocol USD cryptocurrency holds several negative signals and despite the positive trend, we believe Arable Protocol USD will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this cryptocurrency.
Current score: -2.571 Sell Candidate Unchanged
Predicted Opening Price for Arable Protocol USD of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| $0.0002 ( 2.69%) | $0.0002 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ACREUSD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0003 | 5.38 % | |
| R2 | 0.0003 | 2.30 % | ||
| R1 | 0.0002 | 0.392 % | ||
| Current price: | 0.0002 | |||
| Support | S1 | 0.0002 | -5.77 % | |
| S2 | 0.0002 | -7.67 % | ||
| S3 | 0.0002 | -10.75 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0003 | 21.77 % | |
| R2 | 0.0003 | 11.69 % | ||
| R1 | 0.0003 | 0.81 % | ||
| Current price | 0.0002 | |||
| Support | S1 | 0.0002 | -1.42% | |
| S2 | 0.0002 | -2.42% | ||
| S3 | 0.0002 | -5.65% |
FAQ
Click here for our free guide on how to buy Arable Protocol USD Cryptocurrency.
