Arkham USD Cryptocurrency Forecast
Red day on Monday for Arkham USD
(Updated on Jun 17, 2024)
No changes to the price of Arkham USD cryptocurrency on the last trading day (Monday, 17th Jun 2024). During the last trading day the cryptocurrency fluctuated 0% from a day low at $1.91 to a day high of $1.91. The price has fallen in 5 of the last 10 days and is down by -21.86% for this period.
The cryptocurrency lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the cryptocurrency is expected to fall -4.35% during the next 3 months and, with a 90% probability hold a price between $1.27 and $2.86 at the end of this 3-month period.
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ARKMUSD Signals & Forecast
There are few to no technical positive signals at the moment. The Arkham USD cryptocurrency holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $1.96 and $2.34. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Sunday, June 16, 2024, and so far it has fallen 0%. 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 on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Arkham USD cryptocurrency
On the downside, the cryptocurrency finds support just below today's level from accumulated volume at $1.73 and $1.56. 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, Arkham USD finds support just below today's level at $1.73. If this is broken, then the next support from accumulated volume will be at $1.56 and $1.56.
In general the cryptocurrency tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the cryptocurrency During the last day, the cryptocurrency moved $0 between high and low, or 0%. For the last week the cryptocurrency has had daily average volatility of 7.04%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ARKMUSD) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect Arkham USD to open at $1.91, and during the day (based on 14 day Average True Range), to move between $1.70 and $2.11, which gives a possible trading interval of +/-$0.207 (+/-10.87%) up or down from last closing price. If Arkham USD takes out the full calculated possible swing range there will be an estimated 21.75% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $1.73 (9.09%) than the resistance at $2.15 (13.04%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Arkham USD cryptocurrency A Buy?
Arkham USD holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this cryptocurrency.
Current score: -5.574 Strong Sell Candidate Unchanged
Predicted Opening Price for Arkham USD of Tuesday, June 18, 2024
Fair opening price June 18, 2024 | Current price |
---|---|
$1.91 ( 0%) | $1.91 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ARKMUSD
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 1.91 | - |
R2 | 1.91 | - |
R1 | 1.91 | - |
Price | 1.91 | |
S1 | 1.91 | - |
S2 | 1.91 | - |
S3 | 1.91 | - |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 2.26 | 18.64% |
R2 | 2.25 | 18.11% |
R1 | 2.15 | 13.04% |
Price | 1.91 | |
S1 | 1.73 | -9.09% |
S2 | 1.56 | -18.19% |
S3 | 1.56 | -18.36% |
FAQ
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