AMMYI Coin USD Cryptocurrency Forecast
Volatile ride for AMMYI Coin USD cryptocurrency price on Tuesday moving between $0.0016 and $0.0019
(Updated on May 07, 2024)
The AMMYI Coin USD cryptocurrency price gained 0.0522% on the last trading day (Tuesday, 7th May 2024), rising from $0.0019 to $0.0019. During the last trading day the cryptocurrency fluctuated 23.26% from a day low at $0.0016 to a day high of $0.0019. The price has been going up and down for this period, and there has been a -0.05% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 10 more shares were traded than the day before. In total, 12 shares were bought and sold for approximately $0.0230 .
The cryptocurrency lies in the middle of a very wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the cryptocurrency is expected to rise 7.20% during the next 3 months and, with a 90% probability hold a price between $0.0009 and $0.0029 at the end of this 3-month period.
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AMIUSD Signals & Forecast
The AMMYI Coin USD cryptocurrency holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the cryptocurrency giving a positive forecast for the stock. On further gains, the cryptocurrency will meet resistance from the short-term Moving Average at approximately $0.0019. On a fall, the cryptocurrency will find some support from the long-term average at approximately $0.0017. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). AMMYI Coin USD has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Saturday, May 04, 2024, and so far it has fallen -0.104%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for AMMYI Coin USD cryptocurrency
On the downside, the cryptocurrency finds support just below today's level from accumulated volume at $0.0017 and $0.0016. 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, AMMYI Coin USD finds support just below today's level at $0.0017. If this is broken, then the next support from accumulated volume will be at $0.0016 and $0.0016.
This cryptocurrency may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this cryptocurrency is considered to be "very high risk". During the last day, the cryptocurrency moved $0.0004 between high and low, or 23.26%. For the last week, the cryptocurrency has had daily average volatility of 4.74%.
The AMMYI Coin USD cryptocurrency is extremely overbought on RSI14 (99). This increases the short-term risk substantially.
Our recommended stop-loss: $0.0019 (-3.06%) (This cryptocurrency has very high daily movements and this gives very high risk. The RSI14 is 99 and this increases the risk substantially. There is a sell signal from a pivot top found 3 days ago.)
Trading Expectations (AMIUSD) For The Upcoming Trading Day Of Wednesday 8th
For the upcoming trading day on Wednesday, 8th we expect AMMYI Coin USD to open at $0.0018, and during the day (based on 14 day Average True Range), to move between $0.0018 and $0.0020, which gives a possible trading interval of +/-$0.00007842 (+/-4.09%) up or down from last closing price. If AMMYI Coin USD takes out the full calculated possible swing range there will be an estimated 8.18% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0019 (0.05%) than the support at $0.0017 (12.05%), 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 AMMYI Coin USD cryptocurrency A Buy?
AMMYI Coin USD holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.653 Hold/Accumulate Unchanged
Predicted Opening Price for AMMYI Coin USD of Wednesday, May 8, 2024
| Fair opening price May 8, 2024 | Current price |
|---|---|
| $0.0018 ( 6.26%) | $0.0019 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AMIUSD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0022 | 12.62 % | |
| R2 | 0.0020 | 5.41 % | ||
| R1 | 0.0019 | 0.95 % | ||
| Current price: | 0.0019 | |||
| Support | S1 | 0.0017 | -13.47 % | |
| S2 | 0.0016 | -17.93 % | ||
| S3 | 0.0014 | -25.14 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0020 | 6.52 % | |
| R2 | 0.0019 | 0.104 % | ||
| R1 | 0.0019 | 0.0522 % | ||
| Current price | 0.0019 | |||
| Support | S1 | 0.0017 | -12.05% | |
| S2 | 0.0016 | -15.39% | ||
| S3 | 0.0016 | -15.65% |
FAQ
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