ArbInu USD Cryptocurrency Forecast
Volatile ride for ArbInu USD cryptocurrency price on Friday moving between $0.000021 and $0.000024
(Updated on May 31, 2024)
The ArbInu USD cryptocurrency price fell by -12.50% on the last day (Friday, 31st May 2024) from $0.000024 to $0.000021. During the last trading day the cryptocurrency fluctuated 14.29% from a day low at $0.000021 to a day high of $0.000024. The price has risen in 4 of the last 10 days but is still down by -4.55% for this period. Volume has increased on the last day by 17 shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 28 shares were bought and sold for approximately $0.0006 .
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 $0.00001543 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 38.62% during the next 3 months and, with a 90% probability hold a price between $0.00002140 and $0.00008040 at the end of this 3-month period.
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ARBINUUSD Signals & Forecast
The ArbInu 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 $0.00002329. On a fall, the cryptocurrency will find some support from the long-term average at approximately $0.00002049. 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). 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 Monday, May 20, 2024, and so far it has fallen -62.50%. Further fall is indicated until a new bottom pivot has been found. ArbInu USD gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for ArbInu USD cryptocurrency
ArbInu USD finds support from accumulated volume at $0.00002 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 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 $0.000003 between high and low, or 14.29%. For the last week, the cryptocurrency has had daily average volatility of 6.30%.
Our recommended stop-loss: $0.00001995 (-4.98%) (This cryptocurrency has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 33 days ago.)
Trading Expectations (ARBINUUSD) For The Upcoming Trading Day Of Saturday 1st
For the upcoming trading day on Saturday, 1st we expect ArbInu USD to open at $0.000022, and during the day (based on 14 day Average True Range), to move between $0.00001705 and $0.00002495, which gives a possible trading interval of +/-$0.00000395 (+/-18.83%) up or down from last closing price. If ArbInu USD takes out the full calculated possible swing range there will be an estimated 37.66% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.00002 (4.76%) than the resistance at $0.000022 (4.76%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is ArbInu USD cryptocurrency A Buy?
ArbInu 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this cryptocurrency since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: -0.005 Hold/Accumulate Downgraded
Predicted Opening Price for ArbInu USD of Saturday, June 1, 2024
Fair opening price June 1, 2024 | Current price |
---|---|
$0.000022 ( 4.76%) | $0.000021 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ARBINUUSD
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.000025 | 19.05 % | |
R2 | 0.00002385 | 13.59 % | ||
R1 | 0.00002315 | 10.22 % | ||
Current price: | 0.000021 | |||
Support | S1 | 0.00002085 | -0.695 % | |
S2 | 0.00002015 | -4.07 % | ||
S3 | 0.000019 | -9.52 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.000026 | 23.81 % | |
R2 | 0.000023 | 9.52 % | ||
R1 | 0.000022 | 4.76 % | ||
Current price | 0.000021 | |||
Support | S1 | 0.00002 | -4.76% | |
S2 | 0.000019 | -9.52% | ||
S3 | 0.000018 | -14.29% |
FAQ
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