Ankr / US Dollar Cryptocurrency Forecast
Volatile ride for Ankr / US Dollar cryptocurrency price on Tuesday moving between $0.0480 and $0.0550
(Updated on Apr 23, 2024)
The Ankr / US Dollar cryptocurrency price fell by -0.173% on the last day (Tuesday, 23rd Apr 2024) from $0.0521 to $0.0520. During the last trading day the cryptocurrency fluctuated 14.51% from a day low at $0.0480 to a day high of $0.0550. The price has risen in 6 of the last 10 days and is up by 8.33% 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 -55 million shares and in total, 15 million shares were bought and sold for approximately $775.72 thousand.
The cryptocurrency lies in the middle of a very wide and strong 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 114.70% during the next 3 months and, with a 90% probability hold a price between $0.0959 and $0.147 at the end of this 3-month period.
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ANKRUSD Signals & Forecast
The Ankr / US Dollar cryptocurrency holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the cryptocurrency has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $0.0477 and $0.0517. A breakdown below any of these levels will issue sell signals. 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 Tuesday, April 09, 2024, and so far it has fallen -16.71%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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.
Support, Risk & Stop-loss for Ankr / US Dollar cryptocurrency
Ankr / US Dollar finds support from accumulated volume at $0.0512 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 very much during the day (volatility) and with periodic low trading volume this cryptocurrency is considered to be "very high risk". During the last day, the cryptocurrency moved $0.0070 between high and low, or 14.51%. For the last week the cryptocurrency has had daily average volatility of 12.23%.
Our recommended stop-loss: $0.0487 (-6.32%) (This cryptocurrency has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 14 days ago.)
Trading Expectations (ANKRUSD) For The Upcoming Trading Day Of Wednesday 24th
For the upcoming trading day on Wednesday, 24th we expect Ankr / US Dollar to open at $0.0517, and during the day (based on 14 day Average True Range), to move between $0.0451 and $0.0589, which gives a possible trading interval of +/-$0.0069 (+/-13.22%) up or down from last closing price. If Ankr / US Dollar takes out the full calculated possible swing range there will be an estimated 26.44% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0512 (1.58%) than the resistance at $0.0570 (9.60%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Ankr / US Dollar cryptocurrency A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Ankr / US Dollar cryptocurrency to perform well in the short-term.
Current score: 1.621 Buy Candidate Unchanged
Predicted Opening Price for Ankr / US Dollar of Wednesday, April 24, 2024
| Fair opening price April 24, 2024 | Current price |
|---|---|
| $0.0517 ( 0.622%) | $0.0520 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ANKRUSD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0586 | 12.78 % | |
| R2 | 0.0560 | 7.66 % | ||
| R1 | 0.0543 | 4.50 % | ||
| Current price: | 0.0520 | |||
| Support | S1 | 0.0490 | -5.74 % | |
| S2 | 0.0474 | -8.91 % | ||
| S3 | 0.0447 | -14.03 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0610 | 17.35 % | |
| R2 | 0.0573 | 10.15 % | ||
| R1 | 0.0570 | 9.60 % | ||
| Current price | 0.0520 | |||
| Support | S1 | 0.0512 | -1.58% | |
| S2 | 0.0509 | -2.17% | ||
| S3 | 0.0411 | -20.98% |
FAQ
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