Kryll / US Dollar Cryptocurrency Forecast
Kryll / US Dollar cryptocurrency upgraded to Hold/Accumulate.
(Updated on May 30, 2024)
The Kryll / US Dollar cryptocurrency price gained 0.98% on the last trading day (Thursday, 30th May 2024), rising from $0.630 to $0.636. During the last trading day the cryptocurrency fluctuated 3.15% from a day low at $0.625 to a day high of $0.645. The price has fallen in 6 of the last 10 days and is down by -6.81% for this period. Volume fell on the last day by -136 thousand shares and in total, 340 thousand shares were bought and sold for approximately $216.39 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 weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.508 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 2.30% during the next 3 months and, with a 90% probability hold a price between $0.520 and $1.24 at the end of this 3-month period.
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KRLUSD Signals & Forecast
There are few to no technical positive signals at the moment. The Kryll / 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 $0.652 and $0.680. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, March 26, 2024, and so far it has fallen -46.73%. 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 Kryll / US Dollar cryptocurrency
Kryll / US Dollar finds support from accumulated volume at $0.626 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This cryptocurrency has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the cryptocurrency moved $0.0197 between high and low, or 3.15%. For the last week the cryptocurrency has had daily average volatility of 3.46%.
Our recommended stop-loss: $0.600 (-5.76%) (This cryptocurrency has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 69 days ago.)
Trading Expectations (KRLUSD) For The Upcoming Trading Day Of Friday 31st
For the upcoming trading day on Friday, 31st we expect Kryll / US Dollar to open at $0.635, and during the day (based on 14 day Average True Range), to move between $0.597 and $0.676, which gives a possible trading interval of +/-$0.0396 (+/-6.23%) up or down from last closing price. If Kryll / US Dollar takes out the full calculated possible swing range there will be an estimated 12.46% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.626 (1.62%) than the resistance at $0.677 (6.41%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Kryll / US Dollar cryptocurrency A Buy?
Kryll / US Dollar holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this cryptocurrency since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.369 Hold/Accumulate Upgraded
Predicted Opening Price for Kryll / US Dollar of Friday, May 31, 2024
Fair opening price May 31, 2024 | Current price |
---|---|
$0.635 ( 0.173%) | $0.636 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KRLUSD
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.655 | 2.92 % | |
R2 | 0.647 | 1.74 % | ||
R1 | 0.643 | 1.01 % | ||
Current price: | 0.636 | |||
Support | S1 | 0.628 | -1.36 % | |
S2 | 0.623 | -2.09 % | ||
S3 | 0.616 | -3.27 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.727 | 14.19 % | |
R2 | 0.709 | 11.38 % | ||
R1 | 0.677 | 6.41 % | ||
Current price | 0.636 | |||
Support | S1 | 0.626 | -1.62% | |
S2 | 0.557 | -12.41% | ||
S3 | 0.534 | -16.04% |
FAQ
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