Bounce Token / US Dollar Cryptocurrency Forecast
Bounce Token / US Dollar cryptocurrency price down 1.14% on Saturday
(Updated on Apr 27, 2024)
The Bounce Token / US Dollar cryptocurrency price fell by -1.14% on the last day (Saturday, 27th Apr 2024) from $17.55 to $17.35. During the last trading day the cryptocurrency fluctuated 7.33% from a day low at $16.38 to a day high of $17.58. The price has risen in 6 of the last 10 days and is up by 10.58% over the past 2 weeks. Volume has increased on the last day by 6 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 11 million shares were bought and sold for approximately $188.62 million.
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 -33.48% during the next 3 months and, with a 90% probability hold a price between $8.84 and $15.89 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
AUCTIONUSD Signals & Forecast
A buy signal was issued from a pivot bottom point on Sunday, April 14, 2024, and so far it has risen 14.98%. Further rise is indicated until a new top pivot has been found. 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. The Bounce Token / US Dollar cryptocurrency holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $17.90 and $20.76. A break-up above any of these levels will issue buy signals. Volume rose on falling prices yesterday. This may be an early warning and the cryptocurrency should be followed more closely.
Support, Risk & Stop-loss for Bounce Token / US Dollar cryptocurrency
On the downside, the cryptocurrency finds support just below today's level from accumulated volume at $15.69 and $15.66. There is a natural risk involved when a cryptocurrency is testing a support level, since if this is broken, the cryptocurrency then may fall to the next support level. In this case, Bounce Token / US Dollar finds support just below today's level at $15.69. If this is broken, then the next support from accumulated volume will be at $15.66 and $15.13.
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 $1.20 between high and low, or 7.33%. For the last week, the cryptocurrency has had daily average volatility of 6.47%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (AUCTIONUSD) For The Upcoming Trading Day Of Sunday 28th
For the upcoming trading day on Sunday, 28th we expect Bounce Token / US Dollar to open at $17.10, and during the day (based on 14 day Average True Range), to move between $15.22 and $19.48, which gives a possible trading interval of +/-$2.13 (+/-12.28%) up or down from last closing price. If Bounce Token / US Dollar takes out the full calculated possible swing range there will be an estimated 24.55% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $15.69 (9.57%) than the resistance at $20.95 (20.75%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Bounce Token / US Dollar cryptocurrency A Buy?
Bounce Token / US Dollar holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this cryptocurrency.
Current score: -5.091 Strong Sell Candidate Unchanged
Predicted Opening Price for Bounce Token / US Dollar of Sunday, April 28, 2024
| Fair opening price April 28, 2024 | Current price |
|---|---|
| $17.10 ( 1.42%) | $17.35 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AUCTIONUSD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 18.30 | 5.49 % | |
| R2 | 17.84 | 2.85 % | ||
| R1 | 17.56 | 1.22 % | ||
| Current price: | 17.35 | |||
| Support | S1 | 16.64 | -4.06 % | |
| S2 | 16.36 | -5.70 % | ||
| S3 | 15.90 | -8.34 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 21.17 | 22.02 % | |
| R2 | 20.96 | 20.81 % | ||
| R1 | 20.95 | 20.75 % | ||
| Current price | 17.35 | |||
| Support | S1 | 15.69 | -9.57% | |
| S2 | 15.66 | -9.74% | ||
| S3 | 15.13 | -12.80% |
FAQ
Click here for our free guide on how to buy Bounce Token / US Dollar Cryptocurrency.
