ATLANT / US Dollar Cryptocurrency Forecast
Red day on Thursday for ATLANT / US Dollar
(Updated on May 30, 2024)
The ATLANT / US Dollar cryptocurrency price fell by -0.334% on the last day (Thursday, 30th May 2024) from $0.0239 to $0.0239. It has now fallen 4 days in a row. During the last trading day the cryptocurrency fluctuated 3.13% from a day low at $0.0237 to a day high of $0.0244. The price has fallen in 5 of the last 10 days but is still up by 7.74% over the past 2 weeks.
The cryptocurrency lies the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $0.0247 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the cryptocurrency is expected to fall -2.71% during the next 3 months and, with a 90% probability hold a price between $0.0030 and $0.0240 at the end of this 3-month period.
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ATLUSD Signals & Forecast
The ATLANT / 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 $0.0242. On a fall, the cryptocurrency will find some support from the long-term average at approximately $0.0210. 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 Sunday, May 26, 2024, and so far it has fallen -3.54%. 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. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for ATLANT / US Dollar cryptocurrency
ATLANT / US Dollar finds support from accumulated volume at $0.0234 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 $0.0007 between high and low, or 3.13%. For the last week the cryptocurrency has had daily average volatility of 3.53%.
Our recommended stop-loss: $0.0226 (-5.40%) (This cryptocurrency has high daily movements and this gives high risk. There is a sell signal from a pivot top found 53 days ago.)
Trading Expectations (ATLUSD) For The Upcoming Trading Day Of Friday 31st
For the upcoming trading day on Friday, 31st we expect ATLANT / US Dollar to open at $0.0240, and during the day (based on 14 day Average True Range), to move between $0.0228 and $0.0249, which gives a possible trading interval of +/-$0.0010 (+/-4.36%) up or down from last closing price. If ATLANT / US Dollar takes out the full calculated possible swing range there will be an estimated 8.71% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0240 (0.47%) than the support at $0.0234 (2.13%), 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 ATLANT / US Dollar cryptocurrency A Buy?
ATLANT / 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: -0.363 Hold/Accumulate Unchanged
Predicted Opening Price for ATLANT / US Dollar of Friday, May 31, 2024
| Fair opening price May 31, 2024 | Current price |
|---|---|
| $0.0240 ( 0.517%) | $0.0239 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ATLUSD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0247 | 3.63 % | |
| R2 | 0.0244 | 2.44 % | ||
| R1 | 0.0243 | 1.70 % | ||
| Current price: | 0.0239 | |||
| Support | S1 | 0.0237 | -0.671 % | |
| S2 | 0.0235 | -1.40 % | ||
| S3 | 0.0232 | -2.59 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0255 | 6.75 % | |
| R2 | 0.0251 | 5.25 % | ||
| R1 | 0.0240 | 0.473 % | ||
| Current price | 0.0239 | |||
| Support | S1 | 0.0234 | -2.13% | |
| S2 | 0.0231 | -3.13% | ||
| S3 | 0.0227 | -4.77% |
FAQ
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