Bounce Token / US Dollar Cryptocurrency Forecast
Bounce Token / US Dollar cryptocurrency price up 0.166% on Sunday
(Updated on May 12, 2024)
The Bounce Token / US Dollar cryptocurrency price gained 0.166% on the last trading day (Sunday, 12th May 2024), rising from $18.05 to $18.08. It has now gained 5 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the cryptocurrency fluctuated 6.86% from a day low at $17.06 to a day high of $18.23. The price has risen in 8 of the last 10 days and is up by 18.32% over the past 2 weeks. Volume fell on the last day by -10 million shares and in total, 4 million shares were bought and sold for approximately $69.48 million. 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 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 $19.97 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 -44.49% during the next 3 months and, with a 90% probability hold a price between $5.58 and $11.09 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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AUCTIONUSD Signals & Forecast
Mostly positive signals in the chart today. The Bounce Token / US Dollar 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 $17.29 and $17.67. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Sunday, April 14, 2024, and so far it has risen 19.81%. 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). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The cryptocurrency should be watched closely.
Support, Risk & Stop-loss for Bounce Token / US Dollar cryptocurrency
Bounce Token / US Dollar finds support from accumulated volume at $17.93 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This cryptocurrency has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the cryptocurrency moved $1.17 between high and low, or 6.86%. For the last week, the cryptocurrency has had daily average volatility of 12.24%.
Our recommended stop-loss: $17.47 (-3.38%) (This cryptocurrency has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 28 days ago.)
Trading Expectations (AUCTIONUSD) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect Bounce Token / US Dollar to open at $17.79, and during the day (based on 14 day Average True Range), to move between $16.33 and $19.83, which gives a possible trading interval of +/-$1.75 (+/-9.68%) 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 19.35% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $17.93 (0.83%) than the resistance at $20.95 (15.87%), 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?
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.
Current score: 2.011 Buy Candidate Unchanged
Predicted Opening Price for Bounce Token / US Dollar of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| $17.79 ( 1.60%) | $18.08 |
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 | 18.96 | 4.87 % | |
| R2 | 18.51 | 2.40 % | ||
| R1 | 18.24 | 0.87 % | ||
| Current price: | 18.08 | |||
| Support | S1 | 17.34 | -4.08 % | |
| S2 | 17.07 | -5.60 % | ||
| S3 | 16.62 | -8.08 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 21.17 | 17.09 % | |
| R2 | 20.96 | 15.93 % | ||
| R1 | 20.95 | 15.87 % | ||
| Current price | 18.08 | |||
| Support | S1 | 17.93 | -0.83% | |
| S2 | 17.89 | -1.05% | ||
| S3 | 15.13 | -16.32% |
FAQ
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