BISOSwap USD Cryptocurrency Forecast
High volatility in BISOSwap USD cryptocurrency price on Monday which ended trading at $0.0032
(Updated on May 20, 2024)
The BISOSwap USD cryptocurrency price gained 4.10% on the last trading day (Monday, 20th May 2024), rising from $0.0031 to $0.0032. During the last trading day the cryptocurrency fluctuated 37.30% from a day low at $0.0029 to a day high of $0.0040. The price has risen in 5 of the last 10 days and is up by 0.6% over the past 2 weeks. Volume fell on the last day by -4 thousand shares and in total, 411 thousand shares were bought and sold for approximately $1.32 thousand. 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 in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the cryptocurrency is expected to fall -34.83% during the next 3 months and, with a 90% probability hold a price between $0.0013 and $0.0039 at the end of this 3-month period.
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BISOUSD Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, May 14, 2024, and so far it has risen 10.68%. 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 BISOSwap USD cryptocurrency holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the cryptocurrency giving a more negative forecast for the stock. On further gains, the cryptocurrency will meet resistance from the long-term Moving Average at $0.0038. On a fall, the cryptocurrency will find some support from the short-term average at $0.0031. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for BISOSwap USD cryptocurrency
BISOSwap USD finds support from accumulated volume at $0.0031 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 much during the day (volatility) and with periodic low trading volume this cryptocurrency is considered to be "high risk". During the last day, the cryptocurrency moved $0.0011 between high and low, or 37.30%. For the last week the cryptocurrency has had daily average volatility of 17.04%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (BISOUSD) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect BISOSwap USD to open at $0.0034, and during the day (based on 14 day Average True Range), to move between $0.0024 and $0.0040, which gives a possible trading interval of +/-$0.0008 (+/-23.56%) up or down from last closing price. If BISOSwap USD takes out the full calculated possible swing range there will be an estimated 47.13% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0031 (1.81%) than the resistance at $0.0034 (6.09%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is BISOSwap USD cryptocurrency A Buy?
BISOSwap USD holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this cryptocurrency. We have upgraded our analysis conclusion for this cryptocurrency since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -3.217 Sell Candidate Upgraded
Predicted Opening Price for BISOSwap USD of Tuesday, May 21, 2024
| Fair opening price May 21, 2024 | Current price |
|---|---|
| $0.0034 ( 5.79%) | $0.0032 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BISOUSD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0045 | 39.95 % | |
| R2 | 0.0041 | 26.90 % | ||
| R1 | 0.0038 | 18.84 % | ||
| Current price: | 0.0032 | |||
| Support | S1 | 0.0030 | -7.26 % | |
| S2 | 0.0027 | -15.33 % | ||
| S3 | 0.0023 | -28.38 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0039 | 20.39 % | |
| R2 | 0.0037 | 16.33 % | ||
| R1 | 0.0034 | 6.09 % | ||
| Current price | 0.0032 | |||
| Support | S1 | 0.0031 | -1.81% | |
| S2 | 0.0031 | -1.97% | ||
| S3 | 0.0029 | -9.65% |
FAQ
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