Infinity Skies USD Cryptocurrency Forecast
A very strong day for Infinity Skies USD cryptocurrency price on Saturday
(Updated on May 18, 2024)
The Infinity Skies USD cryptocurrency price gained 5.18% on the last trading day (Saturday, 18th May 2024), rising from $0.0029 to $0.0031. During the last trading day the cryptocurrency fluctuated 5.67% from a day low at $0.0029 to a day high of $0.0031. The price has fallen in 6 of the last 10 days and is down by -8.23% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 2 thousand more shares were traded than the day before. In total, 14 thousand shares were bought and sold for approximately $43.88 .
The cryptocurrency lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the cryptocurrency is expected to fall -24.92% during the next 3 months and, with a 90% probability hold a price between $0.0018 and $0.0030 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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ISKYUSD Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 5.87%. Further rise is indicated until a new top pivot has been found. Infinity Skies USD has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Infinity Skies USD cryptocurrency holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the cryptocurrency giving a more negative forecast for the stock. On further gains, the cryptocurrency will meet resistance from the long-term Moving Average at $0.0032. On a fall, the cryptocurrency will find some support from the short-term average at $0.0030. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Infinity Skies USD cryptocurrency
Infinity Skies USD finds support from accumulated volume at $0.0029 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 $0.0002 between high and low, or 5.67%. For the last week, the cryptocurrency has had daily average volatility of 5.21%.
Our recommended stop-loss: $0.0029 (-5.15%) (This cryptocurrency has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 30 days ago.)
Trading Expectations (ISKYUSD) For The Upcoming Trading Day Of Sunday 19th
For the upcoming trading day on Sunday, 19th we expect Infinity Skies USD to open at $0.0030, and during the day (based on 14 day Average True Range), to move between $0.0029 and $0.0033, which gives a possible trading interval of +/-$0.0002 (+/-6.58%) up or down from last closing price. If Infinity Skies USD takes out the full calculated possible swing range there will be an estimated 13.17% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0029 (4.17%) than the resistance at $0.0038 (23.04%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Infinity Skies USD cryptocurrency A Buy?
Infinity Skies 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: -0.395 Hold/Accumulate Unchanged
Predicted Opening Price for Infinity Skies USD of Sunday, May 19, 2024
| Fair opening price May 19, 2024 | Current price |
|---|---|
| $0.0030 ( 1.60%) | $0.0031 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ISKYUSD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0032 | 3.78 % | |
| R2 | 0.0031 | 1.73 % | ||
| R1 | 0.0031 | 0.457 % | ||
| Current price: | 0.0031 | |||
| Support | S1 | 0.0030 | -3.65 % | |
| S2 | 0.0029 | -4.92 % | ||
| S3 | 0.0029 | -6.98 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0038 | 24.97 % | |
| R2 | 0.0038 | 23.50 % | ||
| R1 | 0.0038 | 23.04 % | ||
| Current price | 0.0031 | |||
| Support | S1 | 0.0029 | -4.17% | |
| S2 | 0.0029 | -4.24% | ||
| S3 | 0.0029 | -4.92% |
FAQ
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