Alongside Crypto Market Index USD Cryptocurrency Forecast
Volatile ride for Alongside Crypto Market Index USD cryptocurrency price on Monday moving between $201.38 and $221.90
(Updated on May 20, 2024)
The Alongside Crypto Market Index USD cryptocurrency price gained 5.50% on the last trading day (Monday, 20th May 2024), rising from $204.73 to $215.98. During the last trading day the cryptocurrency fluctuated 10.19% from a day low at $201.38 to a day high of $221.90. The price has risen in 7 of the last 10 days and is up by 16.23% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 607 more shares were traded than the day before. In total, 72 thousand shares were bought and sold for approximately $15.46 million.
The cryptocurrency is moving within a very wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Alongside Crypto Market Index USD cryptocurrency with a 90% probability to be traded between $174.02 and $225.13 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and cryptocurrencies seldom manage to go directly from the bottom of a trend up to the top. Cryptocurrencies turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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AMKTUSD Signals & Forecast
Mostly positive signals in the chart today. The Alongside Crypto Market Index USD cryptocurrency holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $201.35 and $193.94. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, May 01, 2024, and so far it has risen 22.06%. 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). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Alongside Crypto Market Index USD cryptocurrency
Alongside Crypto Market Index USD finds support from accumulated volume at $210.71 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This cryptocurrency has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the cryptocurrency moved $20.53 between high and low, or 10.19%. For the last week, the cryptocurrency has had daily average volatility of 4.23%.
Our recommended stop-loss: $208.25 (-3.58%) (This cryptocurrency has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 68 days ago.)
Trading Expectations (AMKTUSD) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect Alongside Crypto Market Index USD to open at $213.09, and during the day (based on 14 day Average True Range), to move between $207.08 and $224.89, which gives a possible trading interval of +/-$8.90 (+/-4.12%) up or down from last closing price. If Alongside Crypto Market Index USD takes out the full calculated possible swing range there will be an estimated 8.24% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $216.31 (0.15%) than the support at $210.71 (2.44%), 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 Alongside Crypto Market Index USD cryptocurrency A Buy?
Alongside Crypto Market Index USD holds several positive signals and is considered to be a good choice at current levels. We expect the Alongside Crypto Market Index USD cryptocurrency to perform great in the short-term period. We have upgraded our analysis conclusion for this cryptocurrency since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 5.435 Strong Buy Candidate Upgraded
Predicted Opening Price for Alongside Crypto Market Index USD of Tuesday, May 21, 2024
| Fair opening price May 21, 2024 | Current price |
|---|---|
| $213.09 ( 1.34%) | $215.98 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AMKTUSD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 233.61 | 8.16 % | |
| R2 | 225.77 | 4.53 % | ||
| R1 | 220.93 | 2.29 % | ||
| Current price: | 215.98 | |||
| Support | S1 | 205.25 | -4.97 % | |
| S2 | 200.40 | -7.21 % | ||
| S3 | 192.56 | -10.84 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 223.36 | 3.41 % | |
| R2 | 219.84 | 1.78 % | ||
| R1 | 216.31 | 0.151 % | ||
| Current price | 215.98 | |||
| Support | S1 | 210.71 | -2.44% | |
| S2 | 209.20 | -3.14% | ||
| S3 | 197.05 | -8.77% |
FAQ
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