Ankr / US Dollar Cryptocurrency Forecast
Ankr / US Dollar cryptocurrency price up 0.362% on Sunday
(Updated on May 05, 2024)
The Ankr / US Dollar cryptocurrency price gained 0.362% on the last trading day (Sunday, 5th May 2024), rising from $0.0497 to $0.0499. During the last trading day the cryptocurrency fluctuated 5.82% from a day low at $0.0481 to a day high of $0.0509. The price has risen in 7 of the last 10 days but is still down by -1.77% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 15 million more shares were traded than the day before. In total, 19 million shares were bought and sold for approximately $923.71 thousand.
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 $0.0460 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 67.16% during the next 3 months and, with a 90% probability hold a price between $0.0769 and $0.118 at the end of this 3-month period.
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ANKRUSD Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Ankr / US Dollar 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. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Ankr / US Dollar cryptocurrency holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the cryptocurrency giving a more negative forecast for the stock. On further gains, the cryptocurrency will meet resistance from the long-term Moving Average at $0.0516. On a fall, the cryptocurrency will find some support from the short-term average at $0.0490. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Tuesday, April 09, 2024, and so far it has fallen -20.07%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Ankr / US Dollar cryptocurrency
On the downside, the cryptocurrency finds support just below today's level from accumulated volume at $0.0416 and $0.0411. 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, Ankr / US Dollar finds support just below today's level at $0.0416. If this is broken, then the next support from accumulated volume will be at $0.0411 and $0.0375.
This cryptocurrency may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this cryptocurrency is considered to be "high risk". During the last day, the cryptocurrency moved $0.0028 between high and low, or 5.82%. For the last week, the cryptocurrency has had daily average volatility of 9.00%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ANKRUSD) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Ankr / US Dollar to open at $0.0496, and during the day (based on 14 day Average True Range), to move between $0.0444 and $0.0554, which gives a possible trading interval of +/-$0.0055 (+/-10.99%) up or down from last closing price. If Ankr / US Dollar takes out the full calculated possible swing range there will be an estimated 21.98% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0512 (2.57%) than the support at $0.0416 (16.65%), 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 Ankr / US Dollar cryptocurrency A Buy?
Ankr / US Dollar holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this cryptocurrency.
Current score: -1.315 Sell Candidate Unchanged
Predicted Opening Price for Ankr / US Dollar of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $0.0496 ( 0.534%) | $0.0499 |
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 | 0.0524 | 5.08 % | |
| R2 | 0.0514 | 2.93 % | ||
| R1 | 0.0507 | 1.61 % | ||
| Current price: | 0.0499 | |||
| Support | S1 | 0.0486 | -2.68 % | |
| S2 | 0.0479 | -4.00 % | ||
| S3 | 0.0468 | -6.15 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0610 | 22.28 % | |
| R2 | 0.0573 | 14.79 % | ||
| R1 | 0.0512 | 2.57 % | ||
| Current price | 0.0499 | |||
| Support | S1 | 0.0416 | -16.65% | |
| S2 | 0.0411 | -17.66% | ||
| S3 | 0.0375 | -24.79% |
FAQ
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