ARPA Chain / US Dollar Cryptocurrency Forecast

ARPA Chain / US Dollar cryptocurrency upgraded from Strong Sell Candidate to Sell Candidate after Friday trading session.
(Updated on Apr 26, 2024)

ARPAUSD Signals & Forecast

There are few to no technical positive signals at the moment. The ARPA Chain / US Dollar 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 $0.0750 and $0.0850. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, April 09, 2024, and so far it has fallen -30.12%. 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). ARPA Chain / US Dollar 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".

Support, Risk & Stop-loss for ARPA Chain / US Dollar cryptocurrency

ARPA Chain / US Dollar finds support from accumulated volume at $0.0677 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 $0.0025 between high and low, or 3.57%. For the last week, the cryptocurrency has had daily average volatility of 6.31%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (ARPAUSD) For The Upcoming Trading Day Of Saturday 27th

For the upcoming trading day on Saturday, 27th we expect ARPA Chain / US Dollar to open at $0.0711, and during the day (based on 14 day Average True Range), to move between $0.0621 and $0.0795, which gives a possible trading interval of +/-$0.0087 (+/-12.29%) up or down from last closing price. If ARPA Chain / US Dollar takes out the full calculated possible swing range there will be an estimated 24.59% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.0677 (4.34%) than the resistance at $0.0749 (5.79%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is ARPA Chain / US Dollar cryptocurrency A Buy?

The ARPA Chain / US Dollar cryptocurrency holds several negative signals and despite the positive trend, we believe ARPA Chain / US Dollar will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this cryptocurrency. We have upgraded our analysis conclusion for this cryptocurrency since the last evaluation from a Strong Sell to a Sell candidate.

Current score: -3.375 Sell Candidate Upgraded

Predicted Opening Price for ARPA Chain / US Dollar of Saturday, April 27, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.