Jade Currency / US Dollar Cryptocurrency Forecast
On Tuesday, Jade Currency / US Dollar cryptocurrency price gained an impressive 6.41%
(Updated on May 07, 2024)
The Jade Currency / US Dollar cryptocurrency price gained 6.41% on the last trading day (Tuesday, 7th May 2024), rising from $0.0011 to $0.0012. During the last trading day the cryptocurrency fluctuated 7.64% from a day low at $0.0011 to a day high of $0.0012. The price has been going up and down for this period, and there has been a -16.53% 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, 560 more shares were traded than the day before. In total, 565 shares were bought and sold for approximately $0.685 .
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 $0.0011 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 20.76% during the next 3 months and, with a 90% probability hold a price between $0.0013 and $0.0027 at the end of this 3-month period.
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JADEUSD Signals & Forecast
There are mixed signals in the cryptocurrency today. The Jade Currency / US Dollar 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 $0.0013. On a fall, the cryptocurrency will find some support from the short-term average at $0.0011. 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. A sell signal was issued from a pivot top point on Wednesday, March 13, 2024, and so far it has fallen -39.76%. 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). Jade Currency / US Dollar 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.
Support, Risk & Stop-loss for Jade Currency / US Dollar cryptocurrency
On the downside, the cryptocurrency finds support just below today's level from accumulated volume at $0.0011 and $0.0011. There is a natural risk involved when a cryptocurrency is testing a support level, since if this is broken, the cryptocurrency then may fall to the next support level. In this case, Jade Currency / US Dollar finds support just below today's level at $0.0011. If this is broken, then the next support from accumulated volume will be at $0.0011 and $0.0010.
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 $0.000086 between high and low, or 7.64%. For the last week, the cryptocurrency has had daily average volatility of 4.20%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (JADEUSD) For The Upcoming Trading Day Of Wednesday 8th
For the upcoming trading day on Wednesday, 8th we expect Jade Currency / US Dollar to open at $0.0012, and during the day (based on 14 day Average True Range), to move between $0.0011 and $0.0013, which gives a possible trading interval of +/-$0.00007309 (+/-6.03%) up or down from last closing price. If Jade Currency / US Dollar takes out the full calculated possible swing range there will be an estimated 12.06% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0011 (10.56%) than the resistance at $0.0014 (17.74%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Jade Currency / US Dollar cryptocurrency A Buy?
Jade Currency / US Dollar holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this cryptocurrency.
Current score: -1.881 Sell Candidate Unchanged
Predicted Opening Price for Jade Currency / US Dollar of Wednesday, May 8, 2024
| Fair opening price May 8, 2024 | Current price |
|---|---|
| $0.0012 ( 2.37%) | $0.0012 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for JADEUSD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0013 | 4.73 % | |
| R2 | 0.0012 | 2.02 % | ||
| R1 | 0.0012 | 0.345 % | ||
| Current price: | 0.0012 | |||
| Support | S1 | 0.0012 | -5.08 % | |
| S2 | 0.0011 | -6.75 % | ||
| S3 | 0.0011 | -9.46 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0015 | 21.12 % | |
| R2 | 0.0014 | 19.18 % | ||
| R1 | 0.0014 | 17.74 % | ||
| Current price | 0.0012 | |||
| Support | S1 | 0.0011 | -10.56% | |
| S2 | 0.0011 | -11.96% | ||
| S3 | 0.0010 | -17.49% |
FAQ
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