IOST / US Dollar Cryptocurrency Forecast
Big movements in IOST / US Dollar cryptocurrency price on Monday moving 16.15% between high and low
(Updated on Apr 15, 2024)
The IOST / US Dollar cryptocurrency price gained 3.70% on the last trading day (Monday, 15th Apr 2024), rising from $0.0093 to $0.0096. During the last trading day the cryptocurrency fluctuated 16.15% from a day low at $0.0093 to a day high of $0.0108. The price has risen in 7 of the last 10 days but is still down by -12.18% for this period. Volume fell on the last day by -5 million shares and in total, 46 million shares were bought and sold for approximately $447.00 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
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 $0.0089 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 33.96% during the next 3 months and, with a 90% probability hold a price between $0.0119 and $0.0209 at the end of this 3-month period.
IOSTUSD Signals & Forecast
There are few to no technical positive signals at the moment. The IOST / US Dollar 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 $0.0106 and $0.0115. 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 -31.40%. 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 during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Support, Risk & Stop-loss for IOST / US Dollar cryptocurrency
IOST / US Dollar finds support from accumulated volume at $0.0093 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 $0.0015 between high and low, or 16.15%. For the last week the cryptocurrency has had daily average volatility of 18.69%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (IOSTUSD) For The Upcoming Trading Day Of Tuesday 16th
For the upcoming trading day on Tuesday, 16th we expect IOST / US Dollar to open at $0.0099, and during the day (based on 14 day Average True Range), to move between $0.0085 and $0.0107, which gives a possible trading interval of +/-$0.0011 (+/-11.38%) up or down from last closing price. If IOST / US Dollar takes out the full calculated possible swing range there will be an estimated 22.77% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0093 (3.56%) than the resistance at $0.0106 (10.56%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is IOST / US Dollar cryptocurrency A Buy?
The IOST / US Dollar cryptocurrency holds several negative signals and despite the positive trend, we believe IOST / US Dollar will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this cryptocurrency.
Current score: -4.981 Sell Candidate Unchanged
Predicted Opening Price for IOST / US Dollar of Tuesday, April 16, 2024
| Fair opening price April 16, 2024 | Current price |
|---|---|
| $0.0099 ( 2.86%) | $0.0096 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IOSTUSD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0114 | 18.45 % | |
| R2 | 0.0108 | 12.49 % | ||
| R1 | 0.0105 | 8.82 % | ||
| Current price: | 0.0096 | |||
| Support | S1 | 0.0093 | -3.09 % | |
| S2 | 0.0090 | -6.77 % | ||
| S3 | 0.0084 | -12.73 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0119 | 23.77 % | |
| R2 | 0.0108 | 12.55 % | ||
| R1 | 0.0106 | 10.56 % | ||
| Current price | 0.0096 | |||
| Support | S1 | 0.0093 | -3.56% | |
| S2 | 0.0092 | -4.90% | ||
| S3 | 0.0088 | -9.00% |
FAQ
Click here for our free guide on how to buy IOST / US Dollar Cryptocurrency.
