Artem Coin USD Cryptocurrency Forecast
Stronger technical forecast for Artem Coin USD cryptocurrency price after Tuesday trading.
(Updated on Apr 30, 2024)
The Artem Coin USD cryptocurrency price fell by -2.73% on the last day (Tuesday, 30th Apr 2024) from $0.0046 to $0.0045. During the last trading day the cryptocurrency fluctuated 4.70% from a day low at $0.0044 to a day high of $0.0046. The price has been going up and down for this period, and there has been a -0.66% loss for the last 2 weeks. Volume has increased on the last day by 670 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, 15 thousand shares were bought and sold for approximately $69.00 .
Given the current short-term trend, the cryptocurrency is expected to rise 424.59% during the next 3 months and, with a 90% probability hold a price between $0.0235 and $0.0262 at the end of this 3-month period.
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ARTEMUSD Signals & Forecast
A sell signal was issued from a pivot top point on Tuesday, April 23, 2024, and so far it has fallen -4.23%. 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). Artem Coin 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. Some positive signals were issued as well, and these may have some influence on the near short-term development. The Artem Coin 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 $0.0046. On a fall, the cryptocurrency will find some support from the long-term average at approximately $0.0041. 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.
Support, Risk & Stop-loss for Artem Coin USD cryptocurrency
On the downside, the cryptocurrency finds support just below today's level from accumulated volume at $0.0035 and $0.0034. 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, Artem Coin USD finds support just below today's level at $0.0035. If this is broken, then the next support from accumulated volume will be at $0.0034 and $0.0034.
This cryptocurrency has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the cryptocurrency moved $0.0002 between high and low, or 4.70%. For the last week, the cryptocurrency has had daily average volatility of 2.15%.
Our recommended stop-loss: $0.0043 (-3.76%) (This cryptocurrency has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 7 days ago.)
Trading Expectations (ARTEMUSD) For The Upcoming Trading Day Of Wednesday 1st
For the upcoming trading day on Wednesday, 1st we expect Artem Coin USD to open at $0.0045, and during the day (based on 14 day Average True Range), to move between $0.0044 and $0.0046, which gives a possible trading interval of +/-$0.0001 (+/-2.67%) up or down from last closing price. If Artem Coin USD takes out the full calculated possible swing range there will be an estimated 5.34% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0045 (0.67%) than the support at $0.0035 (23.03%), 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 Artem Coin USD cryptocurrency A Buy?
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period. We have upgraded our analysis conclusion for this cryptocurrency since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 3.475 Buy Candidate Upgraded
Predicted Opening Price for Artem Coin USD of Wednesday, May 1, 2024
| Fair opening price May 1, 2024 | Current price |
|---|---|
| $0.0045 ( 0.684%) | $0.0045 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ARTEMUSD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0047 | 5.33 % | |
| R2 | 0.0046 | 3.55 % | ||
| R1 | 0.0046 | 2.46 % | ||
| Current price: | 0.0045 | |||
| Support | S1 | 0.0044 | -1.09 % | |
| S2 | 0.0044 | -2.18 % | ||
| S3 | 0.0043 | -3.96 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0047 | 4.42 % | |
| R2 | 0.0046 | 2.95 % | ||
| R1 | 0.0045 | 0.669 % | ||
| Current price | 0.0045 | |||
| Support | S1 | 0.0035 | -23.03% | |
| S2 | 0.0034 | -24.21% | ||
| S3 | 0.0034 | -24.43% |
FAQ
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