BabyAMA USD Cryptocurrency Forecast
Red day on Thursday for BabyAMA USD cryptocurrency after losing 0%
(Updated on May 16, 2024)
No changes to the price of BabyAMA USD cryptocurrency on the last trading day (Thursday, 16th May 2024). 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.
The cryptocurrency lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.00000000 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 14.01% 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.
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BAMAUSD Signals & Forecast
The BabyAMA USD cryptocurrency holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $0.00000000 and $0.00000000. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Wednesday, May 15, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for BabyAMA USD cryptocurrency
BabyAMA USD finds support from accumulated volume at $0.00000000 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the cryptocurrency tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the cryptocurrency 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 0.465%
Our recommended stop-loss: $0.00000000 (-3.66%) (This cryptocurrency has low daily movements and this gives low risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (BAMAUSD) For The Upcoming Trading Day Of Friday 17th
For the upcoming trading day on Friday, 17th 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 (+/-1.28%) up or down from last closing price. If BabyAMA USD takes out the full calculated possible swing range there will be an estimated 2.56% 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 (2.27%) than the support at $0.00000000 (2.27%), 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?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for BabyAMA USD cryptocurrency to perform well in the short-term.
Current score: 1.763 Buy Candidate Unchanged
Predicted Opening Price for BabyAMA USD of Friday, May 17, 2024
Fair opening price May 17, 2024 | Current price |
---|---|
$0.00000000 ( 0%) | $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 | . | |
R2 | 0.00000000 | . | ||
R1 | 0.00000000 | . | ||
Current price: | 0.00000000 | |||
Support | S1 | 0.00000000 | . | |
S2 | 0.00000000 | . | ||
S3 | 0.00000000 | . |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.00000000 | 9.09 % | |
R2 | 0.00000000 | 6.82 % | ||
R1 | 0.00000000 | 2.27 % | ||
Current price | 0.00000000 | |||
Support | S1 | 0.00000000 | -2.27% | |
S2 | 0.00000000 | -13.64% | ||
S3 | 0.00000000 | -15.91% |
FAQ
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