Arweave / US Dollar Cryptocurrency Forecast

Green day on Saturday for Arweave / US Dollar
(Updated on Jun 22, 2024)

ARUSD Signals & Forecast

There are mixed signals in the cryptocurrency today. The Arweave / 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 $37.42. On a fall, the cryptocurrency will find some support from the short-term average at $27.35. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). A buy signal was issued from a pivot bottom point on Tuesday, June 18, 2024, and so far it has risen 8.84%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The cryptocurrency should be watched closely.

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

Arweave / US Dollar finds support from accumulated volume at $26.74 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 $1.29 between high and low, or 4.74%. For the last week, the cryptocurrency has had daily average volatility of 11.15%.

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

Trading Expectations (ARUSD) For The Upcoming Trading Day Of Sunday 23rd

For the upcoming trading day on Sunday, 23rd we expect Arweave / US Dollar to open at $27.76, and during the day (based on 14 day Average True Range), to move between $24.47 and $31.01, which gives a possible trading interval of +/-$3.27 (+/-11.80%) up or down from last closing price. If Arweave / US Dollar takes out the full calculated possible swing range there will be an estimated 23.60% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $26.74 (3.61%) than the resistance at $29.68 (7.01%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Arweave / US Dollar cryptocurrency A Buy?

Arweave / 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: -2.600 Sell Candidate Unchanged

Predicted Opening Price for Arweave / US Dollar of Sunday, June 23, 2024

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