Jasmy / US Dollar Cryptocurrency Forecast
Big movements in Jasmy / US Dollar cryptocurrency price on Thursday moving 12.65% between high and low
(Updated on May 02, 2024)
The Jasmy / US Dollar cryptocurrency price gained 0.129% on the last trading day (Thursday, 2nd May 2024), rising from $0.0162 to $0.0163. During the last trading day the cryptocurrency fluctuated 12.65% from a day low at $0.0153 to a day high of $0.0172. The price has fallen in 6 of the last 10 days and is down by -18% for this period. Volume fell on the last day by -57 million shares and in total, 18 million shares were bought and sold for approximately $290.60 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.
Given the current short-term trend, the cryptocurrency is expected to rise 62.54% during the next 3 months and, with a 90% probability hold a price between $0.0264 and $0.0513 at the end of this 3-month period.
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JASMYUSD Signals & Forecast
There are few to no technical positive signals at the moment. The Jasmy / 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 $0.0177 and $0.0195. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, March 04, 2024, and so far it has fallen -30.37%. 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 Jasmy / US Dollar cryptocurrency
Jasmy / US Dollar finds support from accumulated volume at $0.0155 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 $0.0019 between high and low, or 12.65%. For the last week the cryptocurrency has had daily average volatility of 8.00%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (JASMYUSD) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect Jasmy / US Dollar to open at $0.0162, and during the day (based on 14 day Average True Range), to move between $0.0142 and $0.0183, which gives a possible trading interval of +/-$0.0021 (+/-12.86%) up or down from last closing price. If Jasmy / US Dollar takes out the full calculated possible swing range there will be an estimated 25.72% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0164 (0.86%) than the support at $0.0155 (4.87%), 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 Jasmy / US Dollar cryptocurrency A Buy?
The Jasmy / US Dollar cryptocurrency holds several negative signals and despite the positive trend, we believe Jasmy / US Dollar will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this cryptocurrency. We have upgraded our analysis conclusion for this cryptocurrency since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -4.536 Sell Candidate Upgraded
Predicted Opening Price for Jasmy / US Dollar of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| $0.0162 ( 0.109%) | $0.0163 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for JASMYUSD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0182 | 11.77 % | |
| R2 | 0.0174 | 7.23 % | ||
| R1 | 0.0170 | 4.43 % | ||
| Current price: | 0.0163 | |||
| Support | S1 | 0.0155 | -4.65 % | |
| S2 | 0.0150 | -7.45 % | ||
| S3 | 0.0143 | -11.99 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0202 | 23.99 % | |
| R2 | 0.0196 | 20.36 % | ||
| R1 | 0.0164 | 0.86 % | ||
| Current price | 0.0163 | |||
| Support | S1 | 0.0155 | -4.87% | |
| S2 | 0.0154 | -5.36% | ||
| S3 | 0.0129 | -20.68% |
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