Braintrust USD Cryptocurrency Forecast
Red day on Monday for Braintrust USD
(Updated on Jun 10, 2024)
The Braintrust USD cryptocurrency price fell by -1.47% on the last day (Monday, 10th Jun 2024) from $0.748 to $0.737. During the last trading day the cryptocurrency fluctuated 2.18% from a day low at $0.734 to a day high of $0.750. The price has fallen in 6 of the last 10 days and is down by -6.23% for this period. Volume has increased on the last day by 9 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 198 thousand shares were bought and sold for approximately $145.79 thousand.
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 $0.680 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the cryptocurrency is expected to fall -11.02% during the next 3 months and, with a 90% probability hold a price between $0.605 and $1.00 at the end of this 3-month period.
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BTRSTUSD Signals & Forecast
There are few to no technical positive signals at the moment. 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 $0.751 and $0.793. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, May 01, 2024, and so far it has fallen -22.99%. 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). Braintrust USD gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
Support, Risk & Stop-loss for Braintrust USD cryptocurrency
There is no support from accumulated volume below today's level and given the right condition the cryptocurrency may perform very badly in the next couple of days.
This cryptocurrency has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the cryptocurrency moved $0.0160 between high and low, or 2.18%. For the last week, the cryptocurrency has had daily average volatility of 1.94%.
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 Tuesday 11th
For the upcoming trading day on Tuesday, 11th we expect Braintrust USD to open at $0.740, and during the day (based on 14 day Average True Range), to move between $0.707 and $0.767, which gives a possible trading interval of +/-$0.0301 (+/-4.08%) up or down from last closing price. If Braintrust USD takes out the full calculated possible swing range there will be an estimated 8.17% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $0.86, some $0.123 (16.69%) from the current price of $0.737, our system finds the risk reward not very attractive.
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: -1.823 Sell Candidate Unchanged
Predicted Opening Price for Braintrust USD of Tuesday, June 11, 2024
| Fair opening price June 11, 2024 | Current price |
|---|---|
| $0.740 ( 0.452%) | $0.737 |
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 | |
|---|---|---|
| R3 | 0.756 | 2.62% |
| R2 | 0.750 | 1.79% |
| R1 | 0.746 | 1.28% |
| Price | 0.737 | |
| S1 | 0.734 | -0.377% |
| S2 | 0.730 | -0.89% |
| S3 | 0.724 | -1.72% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.90 | 22.39% |
| R2 | 0.89 | 21.30% |
| R1 | 0.86 | 16.69% |
| Price | 0.737 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
FAQ
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