AtPay USD Cryptocurrency Forecast
Stronger technical forecast for AtPay USD cryptocurrency price after Sunday trading.
(Updated on May 19, 2024)
The AtPay USD cryptocurrency price gained 2.84% on the last trading day (Sunday, 19th May 2024), rising from $0.273 to $0.280. During the last trading day the cryptocurrency fluctuated 8.03% from a day low at $0.263 to a day high of $0.284. The price has fallen in 5 of the last 10 days but is still up by 0.06% over the past 2 weeks. Volume fell on the last day by -47 shares and in total, 818 shares were bought and sold for approximately $229.44 . You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
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. Due to the high volatility and the trend direction we are not able to give forecast range for this stock.
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ATPAYUSD Signals & Forecast
The AtPay USD cryptocurrency holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the cryptocurrency has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $0.276 and $0.278. A breakdown below any of these levels will issue sell signals. 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 Saturday, March 02, 2024, and so far it has fallen -82.26%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for AtPay USD cryptocurrency
AtPay USD finds support from accumulated volume at $0.280 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 $0.0211 between high and low, or 8.03%. For the last week the cryptocurrency has had daily average volatility of 5.64%.
Our recommended stop-loss: $0.265 (-5.44%) (This cryptocurrency has high daily movements and this gives high risk. There is a sell signal from a pivot top found 78 days ago.)
Trading Expectations (ATPAYUSD) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect AtPay USD to open at $0.276, and during the day (based on 14 day Average True Range), to move between $0.219 and $0.342, which gives a possible trading interval of +/-$0.0619 (+/-22.08%) up or down from last closing price. If AtPay USD takes out the full calculated possible swing range there will be an estimated 44.17% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.280 (0.09%) than the resistance at $0.321 (14.38%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is AtPay USD cryptocurrency A Buy?
Several short-term signals are positive, despite the cryptocurrency being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for cryptocurrency to perform well in the short-term. We have upgraded our analysis conclusion for this cryptocurrency since the last evaluation from a Sell to a Buy candidate.
Current score: 1.190 Buy Candidate Upgraded
Predicted Opening Price for AtPay USD of Monday, May 20, 2024
Fair opening price May 20, 2024 | Current price |
---|---|
$0.276 ( 1.56%) | $0.280 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ATPAYUSD
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.297 | 5.98 % | |
R2 | 0.289 | 3.10 % | ||
R1 | 0.284 | 1.32 % | ||
Current price: | 0.280 | |||
Support | S1 | 0.268 | -4.44 % | |
S2 | 0.263 | -6.22 % | ||
S3 | 0.255 | -9.10 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.346 | 23.40 % | |
R2 | 0.331 | 18.00 % | ||
R1 | 0.321 | 14.38 % | ||
Current price | 0.280 | |||
Support | S1 | 0.280 | -0.0856% | |
S2 | 0.251 | -10.36% | ||
S3 | 0.218 | -22.42% |
FAQ
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