Audius / US Dollar Cryptocurrency Forecast
Audius / US Dollar cryptocurrency price ended at $0.189 on Friday, after losing 1.20%.
(Updated on Apr 26, 2024)
The Audius / US Dollar cryptocurrency price fell by -1.20% on the last day (Friday, 26th Apr 2024) from $0.191 to $0.189. During the last trading day the cryptocurrency fluctuated 6.00% from a day low at $0.180 to a day high of $0.191. The price has risen in 6 of the last 10 days and is up by 5.6% over the past 2 weeks. Volume has increased on the last day by 3 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, 5 million shares were bought and sold for approximately $1.03 million.
The cryptocurrency lies in the lower part of a very wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.177 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the cryptocurrency is expected to rise 6.95% during the next 3 months and, with a 90% probability hold a price between $0.189 and $0.384 at the end of this 3-month period.
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AUDIOUSD Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 7.83%. 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 Audius / 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 $0.193 and $0.245. A break-up above any of these levels will issue buy signals. Audius / US Dollar gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
Support, Risk & Stop-loss for Audius / US Dollar cryptocurrency
Audius / US Dollar finds support from accumulated volume at $0.185 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 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 $0.0108 between high and low, or 6.00%. For the last week, the cryptocurrency has had daily average volatility of 6.12%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (AUDIOUSD) For The Upcoming Trading Day Of Saturday 27th
For the upcoming trading day on Saturday, 27th we expect Audius / US Dollar to open at $0.186, and during the day (based on 14 day Average True Range), to move between $0.168 and $0.210, which gives a possible trading interval of +/-$0.0209 (+/-11.10%) up or down from last closing price. If Audius / US Dollar takes out the full calculated possible swing range there will be an estimated 22.20% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.185 (2.12%) than the resistance at $0.209 (10.60%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Audius / US Dollar cryptocurrency A Buy?
The Audius / US Dollar cryptocurrency holds several negative signals and despite the positive trend, we believe Audius / US Dollar will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this cryptocurrency.
Current score: -3.869 Sell Candidate Unchanged
Predicted Opening Price for Audius / US Dollar of Saturday, April 27, 2024
| Fair opening price April 27, 2024 | Current price |
|---|---|
| $0.186 ( 1.13%) | $0.189 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AUDIOUSD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.197 | 4.60 % | |
| R2 | 0.193 | 2.41 % | ||
| R1 | 0.191 | 1.06 % | ||
| Current price: | 0.189 | |||
| Support | S1 | 0.182 | -3.32 % | |
| S2 | 0.180 | -4.67 % | ||
| S3 | 0.176 | -6.86 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.227 | 20.31 % | |
| R2 | 0.222 | 17.55 % | ||
| R1 | 0.209 | 10.60 % | ||
| Current price | 0.189 | |||
| Support | S1 | 0.185 | -2.12% | |
| S2 | 0.179 | -5.30% | ||
| S3 | 0.175 | -7.21% |
FAQ
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