Callisto Network / US Dollar Cryptocurrency Forecast
Callisto Network / US Dollar cryptocurrency price ended at $0.0003 on Monday, after losing 0%.
(Updated on May 20, 2024)
No changes to the price of Callisto Network / US Dollar cryptocurrency on the last trading day (Monday, 20th May 2024). During the last trading day the cryptocurrency fluctuated 0% from a day low at $0.0003 to a day high of $0.0003. The price has risen in 4 of the last 10 days and is up by 13.71% over the past 2 weeks.
The cryptocurrency lies the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $0.0003 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the cryptocurrency is expected to fall -39.89% during the next 3 months and, with a 90% probability hold a price between $0.00005194 and $0.0002 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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CLOUSD Signals & Forecast
The Callisto Network / US Dollar cryptocurrency holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $0.0003 and $0.0002. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Sunday, May 19, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Callisto Network / US Dollar cryptocurrency
On the downside, the cryptocurrency finds support just below today's level from accumulated volume at $0.0003 and $0.0002. 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, Callisto Network / US Dollar finds support just below today's level at $0.0003. If this is broken, then the next support from accumulated volume will be at $0.0002 and $0.0002.
In general the cryptocurrency tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the cryptocurrency During the last day, the cryptocurrency moved $0 between high and low, or 0%. For the last week the cryptocurrency has had daily average volatility of 0.143%
Our recommended stop-loss: $0.0003 (-3.80%) (This cryptocurrency has low daily movements and this gives low risk. There is a sell signal from a pivot top found 6 days ago.)
Trading Expectations (CLOUSD) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect Callisto Network / US Dollar to open at $0.0003, and during the day (based on 14 day Average True Range), to move between $0.0003 and $0.0003, which gives a possible trading interval of +/-$0.00002897 (+/-10.27%) up or down from last closing price. If Callisto Network / US Dollar takes out the full calculated possible swing range there will be an estimated 20.55% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0003 (9.22%) than the resistance at $0.0003 (10.99%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Callisto Network / US Dollar cryptocurrency A Buy?
Callisto Network / US Dollar holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Callisto Network / US Dollar of Tuesday, May 21, 2024
| Fair opening price May 21, 2024 | Current price |
|---|---|
| $0.0003 ( 0%) | $0.0003 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CLOUSD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0003 | . | |
| R2 | 0.0003 | . | ||
| R1 | 0.0003 | . | ||
| Current price: | 0.0003 | |||
| Support | S1 | 0.0003 | . | |
| S2 | 0.0003 | . | ||
| S3 | 0.0003 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0003 | 12.77 % | |
| R2 | 0.0003 | 11.35 % | ||
| R1 | 0.0003 | 10.99 % | ||
| Current price | 0.0003 | |||
| Support | S1 | 0.0003 | -9.22% | |
| S2 | 0.0002 | -14.89% | ||
| S3 | 0.0002 | -21.99% |
FAQ
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