ABCC Token / US Dollar Cryptocurrency Forecast

ABCC Token / US Dollar cryptocurrency price up 0.0980% on Thursday
(Updated on May 02, 2024)

ATUSD Signals & Forecast

A buy signal was issued from a pivot bottom point on Tuesday, April 30, 2024, and so far it has risen 0.155%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The ABCC Token / 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 $0.738. On a fall, the cryptocurrency will find some support from the short-term average at $0.122. 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). 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 ABCC Token / US Dollar cryptocurrency

ABCC Token / US Dollar finds support from accumulated volume at $0.123 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 periodic low trading volume this cryptocurrency is considered to be "very high risk". During the last day, the cryptocurrency moved $0.0003 between high and low, or 0.221%. For the last week the cryptocurrency has had daily average volatility of 0.195%.

ABCC Token / US Dollar is oversold on RSI14 (1). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.

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

Trading Expectations (ATUSD) For The Upcoming Trading Day Of Friday 3rd

For the upcoming trading day on Friday, 3rd we expect ABCC Token / US Dollar to open at $0.122, and during the day (based on 14 day Average True Range), to move between $0.0904 and $0.155, which gives a possible trading interval of +/-$0.0321 (+/-26.20%) up or down from last closing price. If ABCC Token / US Dollar takes out the full calculated possible swing range there will be an estimated 52.40% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $0.123, some $0.00001 (0.01%) from the current price of $0.123, our system finds the risk reward attractive.

Is ABCC Token / US Dollar cryptocurrency A Buy?

ABCC Token / 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: -3.087 Sell Candidate Unchanged

Predicted Opening Price for ABCC Token / US Dollar of Friday, May 3, 2024

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