Kylacoin USD Cryptocurrency Forecast
Red day on Thursday for Kylacoin USD
(Updated on May 30, 2024)
No changes to the price of Kylacoin USD cryptocurrency on the last trading day (Thursday, 30th May 2024). During the last trading day the cryptocurrency fluctuated 0% from a day low at $53.24 to a day high of $53.24. The price has been going up and down for this period, and there has been a 2.57% gain for the last 2 weeks.
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 -46.28% during the next 3 months and, with a 90% probability hold a price between $14.82 and $32.10 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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KCNUSD Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Kylacoin USD cryptocurrency holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $57.73 and $53.76. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Saturday, May 25, 2024, and so far it has fallen -15.04%. Further fall is indicated until a new bottom pivot has been found. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Kylacoin USD cryptocurrency
Kylacoin USD finds support from accumulated volume at $52.11 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 between high and low, or 0%. For the last week the cryptocurrency has had daily average volatility of 4.48%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (KCNUSD) For The Upcoming Trading Day Of Friday 31st
For the upcoming trading day on Friday, 31st we expect Kylacoin USD to open at $53.24, and during the day (based on 14 day Average True Range), to move between $50.48 and $56.00, which gives a possible trading interval of +/-$2.76 (+/-5.19%) up or down from last closing price. If Kylacoin USD takes out the full calculated possible swing range there will be an estimated 10.37% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $53.41 (0.32%) than the support at $52.11 (2.11%), 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 Kylacoin USD cryptocurrency A Buy?
Kylacoin USD holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this cryptocurrency.
Current score: -4.549 Sell Candidate Unchanged
Predicted Opening Price for Kylacoin USD of Friday, May 31, 2024
| Fair opening price May 31, 2024 | Current price |
|---|---|
| $53.24 ( 0%) | $53.24 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KCNUSD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 53.24 | . | |
| R2 | 53.24 | . | ||
| R1 | 53.24 | . | ||
| Current price: | 53.24 | |||
| Support | S1 | 53.24 | . | |
| S2 | 53.24 | . | ||
| S3 | 53.24 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 61.76 | 16.01 % | |
| R2 | 54.53 | 2.43 % | ||
| R1 | 53.41 | 0.318 % | ||
| Current price | 53.24 | |||
| Support | S1 | 52.11 | -2.11% | |
| S2 | 50.75 | -4.68% | ||
| S3 | 50.18 | -5.75% |
FAQ
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