Travala.com / US Dollar Cryptocurrency Forecast
Travala.com / US Dollar cryptocurrency price down 2.99% on Saturday
(Updated on Apr 27, 2024)
The Travala.com / US Dollar cryptocurrency price fell by -2.99% on the last day (Saturday, 27th Apr 2024) from $0.663 to $0.643. It has now fallen 3 days in a row. During the last trading day the cryptocurrency fluctuated 5.54% from a day low at $0.630 to a day high of $0.665. The price has been going up and down for this period, and there has been a 0.74% gain for the last 2 weeks. Volume fell on the last day along with the cryptocurrency, which is actually a good sign as volume should follow the cryptocurrency. On the last day, the trading volume fell by -595 thousand shares and in total, 452 thousand shares were bought and sold for approximately $290.73 thousand.
Given the current short-term trend, the cryptocurrency is expected to rise 25.19% during the next 3 months and, with a 90% probability hold a price between $0.81 and $1.39 at the end of this 3-month period.
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AVAUSD Signals & Forecast
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 Travala.com / 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 $0.686 and $0.777. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, March 14, 2024, and so far it has fallen -35.36%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this cryptocurrency may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for Travala.com / US Dollar cryptocurrency
Travala.com / US Dollar finds support from accumulated volume at $0.634 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 $0.0349 between high and low, or 5.54%. For the last week the cryptocurrency has had daily average volatility of 7.18%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (AVAUSD) For The Upcoming Trading Day Of Sunday 28th
For the upcoming trading day on Sunday, 28th we expect Travala.com / US Dollar to open at $0.646, and during the day (based on 14 day Average True Range), to move between $0.579 and $0.708, which gives a possible trading interval of +/-$0.0647 (+/-10.05%) up or down from last closing price. If Travala.com / US Dollar takes out the full calculated possible swing range there will be an estimated 20.10% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.634 (1.41%) than the resistance at $0.721 (12.05%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Travala.com / US Dollar cryptocurrency A Buy?
The Travala.com / US Dollar cryptocurrency holds several negative signals and despite the positive trend, we believe Travala.com / US Dollar will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this cryptocurrency.
Current score: -1.500 Sell Candidate Unchanged
Predicted Opening Price for Travala.com / US Dollar of Sunday, April 28, 2024
| Fair opening price April 28, 2024 | Current price |
|---|---|
| $0.646 ( 0.451%) | $0.643 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AVAUSD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.681 | 5.88 % | |
| R2 | 0.668 | 3.80 % | ||
| R1 | 0.659 | 2.52 % | ||
| Current price: | 0.643 | |||
| Support | S1 | 0.633 | -1.62 % | |
| S2 | 0.625 | -2.90 % | ||
| S3 | 0.611 | -4.98 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.775 | 20.43 % | |
| R2 | 0.742 | 15.38 % | ||
| R1 | 0.721 | 12.05 % | ||
| Current price | 0.643 | |||
| Support | S1 | 0.634 | -1.41% | |
| S2 | 0.627 | -2.50% | ||
| S3 | 0.615 | -4.34% |
FAQ
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