Assemble Protocol / US Dollar Cryptocurrency Forecast
Red day on Saturday for Assemble Protocol / US Dollar cryptocurrency after losing 1.82%
(Updated on Jun 01, 2024)
The Assemble Protocol / US Dollar cryptocurrency price fell by -1.82% on the last day (Saturday, 1st Jun 2024) from $0.0373 to $0.0366. It has now fallen 3 days in a row. During the last trading day the cryptocurrency fluctuated 9.13% from a day low at $0.0360 to a day high of $0.0393. The price has fallen in 6 of the last 10 days but is still up by 5.29% over the past 2 weeks. Volume fell on the last day along with the cryptocurrency, which is actually a good sign as volume should follow the cryptocurrency. On the last day, the trading volume fell by -11 million shares and in total, 3 million shares were bought and sold for approximately $107.97 thousand.
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 -13.20% during the next 3 months and, with a 90% probability hold a price between $0.0220 and $0.0351 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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ASMUSD Signals & Forecast
The Assemble Protocol / US Dollar 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 $0.0370. On a fall, the cryptocurrency will find some support from the long-term average at approximately $0.0333. 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 27, 2024, and so far it has fallen -7.94%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this cryptocurrency may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for Assemble Protocol / US Dollar cryptocurrency
Assemble Protocol / US Dollar finds support from accumulated volume at $0.0363 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 much during the day (volatility) and with periodic low trading volume this cryptocurrency is considered to be "high risk". During the last day, the cryptocurrency moved $0.0033 between high and low, or 9.13%. For the last week the cryptocurrency has had daily average volatility of 13.74%.
Our recommended stop-loss: $0.0345 (-5.82%) (This cryptocurrency has high daily movements and this gives high risk. There is a sell signal from a pivot top found 46 days ago.)
Trading Expectations (ASMUSD) For The Upcoming Trading Day Of Sunday 2nd
For the upcoming trading day on Sunday, 2nd we expect Assemble Protocol / US Dollar to open at $0.0373, and during the day (based on 14 day Average True Range), to move between $0.0335 and $0.0398, which gives a possible trading interval of +/-$0.0031 (+/-8.54%) up or down from last closing price. If Assemble Protocol / US Dollar takes out the full calculated possible swing range there will be an estimated 17.08% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0363 (1.04%) than the resistance at $0.0388 (5.76%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Assemble Protocol / US Dollar cryptocurrency A Buy?
Assemble Protocol / US Dollar 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.
Current score: -0.664 Hold/Accumulate Unchanged
Predicted Opening Price for Assemble Protocol / US Dollar of Sunday, June 2, 2024
| Fair opening price June 2, 2024 | Current price |
|---|---|
| $0.0373 ( 1.90%) | $0.0366 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ASMUSD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0406 | 10.88 % | |
| R2 | 0.0394 | 7.45 % | ||
| R1 | 0.0386 | 5.33 % | ||
| Current price: | 0.0366 | |||
| Support | S1 | 0.0361 | -1.53 % | |
| S2 | 0.0353 | -3.65 % | ||
| S3 | 0.0340 | -7.08 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0448 | 22.27 % | |
| R2 | 0.0446 | 21.72 % | ||
| R1 | 0.0388 | 5.76 % | ||
| Current price | 0.0366 | |||
| Support | S1 | 0.0363 | -1.04% | |
| S2 | 0.0345 | -5.90% | ||
| S3 | 0.0342 | -6.66% |
FAQ
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