BabyAMA USD Cryptocurrency Forecast
BabyAMA USD cryptocurrency upgraded from Sell Candidate to Hold/Accumulate after Wednesday trading session.
(Updated on May 01, 2024)
The BabyAMA USD cryptocurrency price fell by -4.55% on the last day (Wednesday, 1st May 2024) from $0.00000000 to $0.00000000. During the last trading day the cryptocurrency fluctuated 0% from a day low at $0.00000000 to a day high of $0.00000000. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks. Volume has increased on the last day by 2 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, 2 shares were bought and sold for approximately $0.00000000 .
Given the current short-term trend, the cryptocurrency is expected to rise 41.95% during the next 3 months and, with a 90% probability hold a price between $0.00000000 and $0.00000000 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
BAMAUSD 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 BabyAMA USD 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 $0.00000000 and $0.00000000. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Saturday, March 16, 2024, and so far it has fallen -22.22%. Further fall is indicated until a new bottom pivot has been found. BabyAMA USD 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". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for BabyAMA USD cryptocurrency
On the downside, the cryptocurrency finds support just below today's level from accumulated volume at $0.00000000 and $0.00000000. 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, BabyAMA USD finds support just below today's level at $0.00000000. If this is broken, then the next support from accumulated volume will be at $0.00000000 and $0.00000000.
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 $0 between high and low, or 0%. For the last week, the cryptocurrency has had daily average volatility of 0.93%.
Our recommended stop-loss: $0.00000000 (-4.80%) (This cryptocurrency has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 46 days ago.)
Trading Expectations (BAMAUSD) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect BabyAMA USD to open at $0.00000000, and during the day (based on 14 day Average True Range), to move between $0.00000000 and $0.00000000, which gives a possible trading interval of +/-$0.00000000 (+/-2.27%) up or down from last closing price. If BabyAMA USD takes out the full calculated possible swing range there will be an estimated 4.54% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.00000000 (7.14%) than the support at $0.00000000 (9.52%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is BabyAMA USD cryptocurrency A Buy?
BabyAMA USD holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this cryptocurrency since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.000 Hold/Accumulate Upgraded
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for BabyAMA USD of Thursday, May 2, 2024
Fair opening price May 2, 2024 | Current price |
---|---|
$0.00000000 ( 0.00000000%) | $0.00000000 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BAMAUSD
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.00000000 | 0.00000000 % | |
R2 | 0.00000000 | 0.00000000 % | ||
R1 | 0.00000000 | 0.00000000 % | ||
Current price: | 0.00000000 | |||
Support | S1 | 0.00000000 | 0.00000000 % | |
S2 | 0.00000000 | 0.00000000 % | ||
S3 | 0.00000000 | 0.00000000 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.00000000 | 14.29 % | |
R2 | 0.00000000 | 11.90 % | ||
R1 | 0.00000000 | 7.14 % | ||
Current price | 0.00000000 | |||
Support | S1 | 0.00000000 | -9.52% | |
S2 | 0.00000000 | -11.90% | ||
S3 | 0.00000000 | -23.81% |
FAQ
Click here for our free guide on how to buy BabyAMA USD Cryptocurrency.