Aion USD Cryptocurrency Forecast
Big movements in Aion USD cryptocurrency price on Wednesday moving 14.28% between high and low
(Updated on May 01, 2024)
The Aion USD cryptocurrency price fell by -13.44% on the last day (Wednesday, 1st May 2024) from $0.0020 to $0.0017. During the last trading day the cryptocurrency fluctuated 14.28% from a day low at $0.0017 to a day high of $0.0019. The price has fallen in 5 of the last 10 days but is still up by 2.93% over the past 2 weeks. 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 -442 shares and in total, 669 shares were bought and sold for approximately $1.13 .
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 $0.0016 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 32.20% during the next 3 months and, with a 90% probability hold a price between $0.0022 and $0.0040 at the end of this 3-month period.
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AIONUSD 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 Aion 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 $0.0018 and $0.0019. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, March 26, 2024, and so far it has fallen -38.62%. 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.
Support, Risk & Stop-loss for Aion USD cryptocurrency
On the downside, the cryptocurrency finds support just below today's level from accumulated volume at $0.0015 and $0.0015. 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, Aion USD finds support just below today's level at $0.0015. If this is broken, then the next support from accumulated volume will be at $0.0015 and $0.0013.
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 $0.0002 between high and low, or 14.28%. For the last week the cryptocurrency has had daily average volatility of 12.34%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (AIONUSD) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect Aion USD to open at $0.0018, and during the day (based on 14 day Average True Range), to move between $0.0015 and $0.0019, which gives a possible trading interval of +/-$0.0002 (+/-13.96%) up or down from last closing price. If Aion USD takes out the full calculated possible swing range there will be an estimated 27.92% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0015 (9.24%) than the resistance at $0.0019 (12.56%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Aion USD cryptocurrency A Buy?
The Aion USD cryptocurrency holds several negative signals and despite the positive trend, we believe Aion USD 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: -5.276 Strong Sell Candidate Downgraded
Predicted Opening Price for Aion USD of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| $0.0018 ( 4.76%) | $0.0017 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AIONUSD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0020 | 19.04 % | |
| R2 | 0.0019 | 13.58 % | ||
| R1 | 0.0019 | 10.21 % | ||
| Current price: | 0.0017 | |||
| Support | S1 | 0.0017 | -0.695 % | |
| S2 | 0.0016 | -4.06 % | ||
| S3 | 0.0015 | -9.52 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0020 | 19.14 % | |
| R2 | 0.0020 | 17.95 % | ||
| R1 | 0.0019 | 12.56 % | ||
| Current price | 0.0017 | |||
| Support | S1 | 0.0015 | -9.24% | |
| S2 | 0.0015 | -12.32% | ||
| S3 | 0.0013 | -23.58% |
FAQ
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