Bancor / US Dollar Cryptocurrency Forecast
Bancor / US Dollar cryptocurrency price ended at $0.702 on Friday, after losing 0.0142%.
(Updated on Apr 19, 2024)
The Bancor / US Dollar cryptocurrency price fell by -0.0142% on the last day (Friday, 19th Apr 2024) from $0.703 to $0.702. During the last trading day the cryptocurrency fluctuated 6.30% from a day low at $0.669 to a day high of $0.711. The price has fallen in 7 of the last 10 days and is down by -22.39% for this period. 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 -13 million shares and in total, 2 million shares were bought and sold for approximately $1.06 million.
Given the current short-term trend, the cryptocurrency is expected to rise 12.40% during the next 3 months and, with a 90% probability hold a price between $0.790 and $1.19 at the end of this 3-month period.
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BNTUSD Signals & Forecast
There are few to no technical positive signals at the moment. The Bancor / 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 $0.711 and $0.82. 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 -30.36%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Bancor / US Dollar cryptocurrency
Bancor / US Dollar finds support from accumulated volume at $0.689 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 $0.0421 between high and low, or 6.30%. For the last week the cryptocurrency has had daily average volatility of 8.67%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (BNTUSD) For The Upcoming Trading Day Of Saturday 20th
For the upcoming trading day on Saturday, 20th we expect Bancor / US Dollar to open at $0.694, and during the day (based on 14 day Average True Range), to move between $0.620 and $0.785, which gives a possible trading interval of +/-$0.0824 (+/-11.73%) up or down from last closing price. If Bancor / US Dollar takes out the full calculated possible swing range there will be an estimated 23.46% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.711 (1.27%) than the support at $0.689 (1.90%), 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 Bancor / US Dollar cryptocurrency A Buy?
The Bancor / US Dollar cryptocurrency holds several negative signals and despite the positive trend, we believe Bancor / US Dollar will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this cryptocurrency.
Current score: -2.851 Sell Candidate Unchanged
Predicted Opening Price for Bancor / US Dollar of Saturday, April 20, 2024
| Fair opening price April 20, 2024 | Current price |
|---|---|
| $0.694 ( 1.22%) | $0.702 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BNTUSD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.736 | 4.77 % | |
| R2 | 0.720 | 2.48 % | ||
| R1 | 0.710 | 1.07 % | ||
| Current price: | 0.702 | |||
| Support | S1 | 0.678 | -3.51 % | |
| S2 | 0.668 | -4.92 % | ||
| S3 | 0.652 | -7.21 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.82 | 16.32 % | |
| R2 | 0.726 | 3.36 % | ||
| R1 | 0.711 | 1.27 % | ||
| Current price | 0.702 | |||
| Support | S1 | 0.689 | -1.90% | |
| S2 | 0.688 | -2.01% | ||
| S3 | 0.674 | -4.04% |
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