Alpha Impact USD Cryptocurrency Forecast

Alpha Impact USD cryptocurrency price ended at $0.0084 on Saturday, after losing 1.40%.
(Updated on Apr 27, 2024)

FOLOUSD Signals & Forecast

The Alpha Impact 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 $0.0083 and $0.0082. 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 Sunday, March 31, 2024, and so far it has fallen -14.45%. 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 along with the price during the last trading day which is technical positive. One should, however, note that this cryptocurrency may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Alpha Impact USD cryptocurrency

Alpha Impact USD finds support from accumulated volume at $0.0083 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This cryptocurrency may move much during the day (volatility) and with periodic low trading volume this cryptocurrency is considered to be "high risk". During the last day, the cryptocurrency moved $0.0005 between high and low, or 5.72%. For the last week the cryptocurrency has had daily average volatility of 4.87%.

Our recommended stop-loss: $0.0079 (-6.38%) (This cryptocurrency has high daily movements and this gives high risk. There is a sell signal from a pivot top found 27 days ago.)

Trading Expectations (FOLOUSD) For The Upcoming Trading Day Of Sunday 28th

For the upcoming trading day on Sunday, 28th we expect Alpha Impact USD to open at $0.0084, and during the day (based on 14 day Average True Range), to move between $0.0081 and $0.0088, which gives a possible trading interval of +/-$0.0004 (+/-4.21%) up or down from last closing price. If Alpha Impact USD takes out the full calculated possible swing range there will be an estimated 8.42% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.0085 (1.42%) than the support at $0.0083 (1.77%), 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 Alpha Impact USD cryptocurrency A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Alpha Impact USD cryptocurrency to perform well in the short-term.

Current score: 1.153 Buy Candidate Unchanged

Predicted Opening Price for Alpha Impact USD of Sunday, April 28, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.