Golden Ratio Token Cryptocurrency Forecast
A very strong day for Golden Ratio Token cryptocurrency price on Thursday
(Updated on May 02, 2024)
The Golden Ratio Token cryptocurrency price gained 6.09% on the last trading day (Thursday, 2nd May 2024), rising from $0.236 to $0.251. During the last trading day the cryptocurrency fluctuated 9.16% from a day low at $0.234 to a day high of $0.255. The price has been going up and down for this period, and there has been a -17.45% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 87 million more shares were traded than the day before. In total, 100 million shares were bought and sold for approximately $25.02 million.
The cryptocurrency lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.237 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the cryptocurrency is expected to rise 24.06% during the next 3 months and, with a 90% probability hold a price between $0.294 and $0.609 at the end of this 3-month period.
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GRTUSD Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Golden Ratio Token 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 $0.254 and $0.300. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, March 13, 2024, and so far it has fallen -42.67%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Golden Ratio Token cryptocurrency
Golden Ratio Token finds support from accumulated volume at $0.250 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 a large prediction interval from the Bollinger Band this cryptocurrency is considered to be "high risk". During the last day, the cryptocurrency moved $0.0214 between high and low, or 9.16%. For the last week, the cryptocurrency has had daily average volatility of 9.38%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (GRTUSD) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect Golden Ratio Token to open at $0.246, and during the day (based on 14 day Average True Range), to move between $0.221 and $0.281, which gives a possible trading interval of +/-$0.0298 (+/-11.89%) up or down from last closing price. If Golden Ratio Token takes out the full calculated possible swing range there will be an estimated 23.78% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.250 (0.40%) than the resistance at $0.270 (7.62%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Golden Ratio Token cryptocurrency A Buy?
The Golden Ratio Token cryptocurrency holds several negative signals and despite the positive trend, we believe Golden Ratio Token will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this cryptocurrency.
Current score: -1.501 Sell Candidate Unchanged
Predicted Opening Price for Golden Ratio Token of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| $0.246 ( 1.70%) | $0.251 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GRTUSD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.268 | 6.83 % | |
| R2 | 0.260 | 3.57 % | ||
| R1 | 0.255 | 1.56 % | ||
| Current price: | 0.251 | |||
| Support | S1 | 0.238 | -4.96 % | |
| S2 | 0.233 | -6.98 % | ||
| S3 | 0.225 | -10.24 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.291 | 15.88 % | |
| R2 | 0.289 | 15.36 % | ||
| R1 | 0.270 | 7.62 % | ||
| Current price | 0.251 | |||
| Support | S1 | 0.250 | -0.399% | |
| S2 | 0.245 | -2.23% | ||
| S3 | 0.239 | -4.83% |
FAQ
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