Barter USD Cryptocurrency Forecast
On Wednesday, Barter USD cryptocurrency price gained an impressive 12.48%
(Updated on May 08, 2024)
The Barter USD cryptocurrency price gained 12.48% on the last trading day (Wednesday, 8th May 2024), rising from $0.0091 to $0.0102. During the last trading day the cryptocurrency fluctuated 3.80% from a day low at $0.0098 to a day high of $0.0102. The price has risen in 5 of the last 10 days and is up by 13.25% over the past 2 weeks. Volume fell on the last day by -63 shares and in total, 116 shares were bought and sold for approximately $1.18 . 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 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 $0.0063 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 24.11% during the next 3 months and, with a 90% probability hold a price between $0.0078 and $0.0366 at the end of this 3-month period.
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BRTRUSD Signals & Forecast
The Barter USD cryptocurrency holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the cryptocurrency has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $0.0085 and $0.0090. A breakdown below any of these levels will issue sell signals. 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 Friday, March 29, 2024, and so far it has fallen -62.06%. 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 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 Barter USD cryptocurrency
On the downside, the cryptocurrency finds support just below today's level from accumulated volume at $0.0090 and $0.0086. 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, Barter USD finds support just below today's level at $0.0090. If this is broken, then the next support from accumulated volume will be at $0.0086 and $0.0085.
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 $0.0004 between high and low, or 3.80%. For the last week the cryptocurrency has had daily average volatility of 10.58%.
Our recommended stop-loss: $0.0096 (-5.68%) (This cryptocurrency has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 40 days ago.)
Trading Expectations (BRTRUSD) For The Upcoming Trading Day Of Thursday 9th
For the upcoming trading day on Thursday, 9th we expect Barter USD to open at $0.0101, and during the day (based on 14 day Average True Range), to move between $0.0078 and $0.0126, which gives a possible trading interval of +/-$0.0024 (+/-23.69%) up or down from last closing price. If Barter USD takes out the full calculated possible swing range there will be an estimated 47.38% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0104 (1.65%) than the support at $0.0090 (11.56%), 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 Barter USD cryptocurrency A Buy?
Barter 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.
Current score: 0.540 Hold/Accumulate Unchanged
Predicted Opening Price for Barter USD of Thursday, May 9, 2024
| Fair opening price May 9, 2024 | Current price |
|---|---|
| $0.0101 ( 1.21%) | $0.0102 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BRTRUSD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0105 | 2.46 % | |
| R2 | 0.0103 | 1.06 % | ||
| R1 | 0.0102 | 0.191 % | ||
| Current price: | 0.0102 | |||
| Support | S1 | 0.0099 | -2.61 % | |
| S2 | 0.0099 | -3.47 % | ||
| S3 | 0.0097 | -4.87 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0112 | 9.51 % | |
| R2 | 0.0109 | 7.23 % | ||
| R1 | 0.0104 | 1.65 % | ||
| Current price | 0.0102 | |||
| Support | S1 | 0.0090 | -11.56% | |
| S2 | 0.0086 | -15.61% | ||
| S3 | 0.0085 | -17.12% |
FAQ
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