Collab.Land USD Cryptocurrency Forecast
Red day on Tuesday for Collab.Land USD cryptocurrency after losing 0%
(Updated on Jun 25, 2024)
No changes to the price of Collab.Land USD cryptocurrency on the last trading day (Tuesday, 25th Jun 2024). During the last trading day the cryptocurrency fluctuated 0% from a day low at $0.0092 to a day high of $0.0092. The price has risen in 5 of the last 10 days and is up by 115.95% over the past 2 weeks.
The cryptocurrencyhas broken the very wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is $0.0092, a level that may pose a second chance to hit a runner. According to fan-theory $0.0148 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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COLLABUSD Signals & Forecast
The Collab.Land USD 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 $0.0065 and $0.0053. 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 Monday, June 24, 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.
A buy signal from a double bottom formation was found on Tuesday, May 14, 2024 with a target of $0.0052. Despite whether the objective of the signal formation has been reached the cryptocurrency may continue to perform well.
Support, Risk & Stop-loss for Collab.Land USD cryptocurrency
Collab.Land USD finds support from accumulated volume at $0.0087 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 36.97%
The Collab.Land USD cryptocurrency is extremely overbought on RSI14 (79). Normally this may pose a good selling opportunity but since the cryptocurrency has broken the trend up, the chance for a major correction due to high RSI is very small as the cryptocurrency will find support at the trend broken.
Our recommended stop-loss: $0.0089 (-3.42%) (This cryptocurrency has low daily movements and this gives low risk. The RSI14 is 79 and this increases the risk substantially. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (COLLABUSD) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Collab.Land USD to open at $0.0092, and during the day (based on 14 day Average True Range), to move between $0.0083 and $0.0100, which gives a possible trading interval of +/-$0.0009 (+/-9.30%) up or down from last closing price. If Collab.Land USD takes out the full calculated possible swing range there will be an estimated 18.61% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $0.0087, some $0.0004 (4.70%) from the current price of $0.0092, our system finds the risk reward attractive.
Is Collab.Land USD cryptocurrency A Buy?
Collab.Land USD 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 Collab.Land USD of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $0.0092 ( 0%) | $0.0092 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for COLLABUSD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0092 | - |
| R2 | 0.0092 | - |
| R1 | 0.0092 | - |
| Price | 0.0092 | |
| S1 | 0.0092 | - |
| S2 | 0.0092 | - |
| S3 | 0.0092 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 0.0092 | |
| S1 | 0.0087 | -4.70% |
| S2 | 0.0087 | -5.31% |
| S3 | 0.0077 | -16.25% |
FAQ
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