Braintrust USD Cryptocurrency Forecast
Green day on Tuesday for Braintrust USD cryptocurrency after gaining 1.13%
(Updated on May 14, 2024)
The Braintrust USD cryptocurrency price gained 1.13% on the last trading day (Tuesday, 14th May 2024), rising from $0.798 to $0.81. During the last trading day the cryptocurrency fluctuated 2.14% from a day low at $0.795 to a day high of $0.81. The price has fallen in 6 of the last 10 days and is down by -5.28% for this period. Volume fell on the last day by -56 thousand shares and in total, 216 thousand shares were bought and sold for approximately $174.08 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 lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.738 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the cryptocurrency is expected to fall -8.45% during the next 3 months and, with a 90% probability hold a price between $0.676 and $1.07 at the end of this 3-month period.
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BTRSTUSD Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 4.53%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Braintrust 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 $0.81 and $0.85. A break-up above any of these levels will issue buy signals. 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 also not.
Support, Risk & Stop-loss for Braintrust USD cryptocurrency
Braintrust USD finds support from accumulated volume at $0.81 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This cryptocurrency has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the cryptocurrency moved $0.0170 between high and low, or 2.14%. For the last week the cryptocurrency has had daily average volatility of 3.41%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (BTRSTUSD) For The Upcoming Trading Day Of Wednesday 15th
For the upcoming trading day on Wednesday, 15th we expect Braintrust USD to open at $0.80, and during the day (based on 14 day Average True Range), to move between $0.749 and $0.87, which gives a possible trading interval of +/-$0.0584 (+/-7.24%) up or down from last closing price. If Braintrust USD takes out the full calculated possible swing range there will be an estimated 14.48% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.81 (0.25%) than the resistance at $0.86 (6.57%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Braintrust USD cryptocurrency A Buy?
Braintrust USD holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this cryptocurrency.
Current score: -2.646 Sell Candidate Unchanged
Predicted Opening Price for Braintrust USD of Wednesday, May 15, 2024
| Fair opening price May 15, 2024 | Current price |
|---|---|
| $0.80 ( 0.289%) | $0.81 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BTRSTUSD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.82 | 1.82 % | |
| R2 | 0.82 | 1.01 % | ||
| R1 | 0.81 | 0.516 % | ||
| Current price: | 0.81 | |||
| Support | S1 | 0.798 | -1.09 % | |
| S2 | 0.794 | -1.59 % | ||
| S3 | 0.788 | -2.40 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.96 | 19.33 % | |
| R2 | 0.90 | 11.77 % | ||
| R1 | 0.86 | 6.57 % | ||
| Current price | 0.81 | |||
| Support | S1 | 0.81 | -0.248% | |
| S2 | 0.797 | -1.24% | ||
| S3 | 0.772 | -4.34% |
FAQ
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