UNUS SED LEO Cryptocurrency Forecast
Stronger technical forecast for UNUS SED LEO cryptocurrency price after Sunday trading.
(Updated on May 05, 2024)
The UNUS SED LEO cryptocurrency price gained 0.514% on the last trading day (Sunday, 5th May 2024), rising from $5.82 to $5.85. During the last trading day the cryptocurrency fluctuated 1.70% from a day low at $5.77 to a day high of $5.87. The price has fallen in 6 of the last 10 days and is down by -0.16% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 681 thousand more shares were traded than the day before. In total, 2 million shares were bought and sold for approximately $10.08 million.
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 $5.79 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 40.14% during the next 3 months and, with a 90% probability hold a price between $8.11 and $10.25 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
LEOUSD Signals & Forecast
The UNUS SED LEO cryptocurrency holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the cryptocurrency giving a positive forecast for the stock. On further gains, the cryptocurrency will meet resistance from the short-term Moving Average at approximately $5.85. On a fall, the cryptocurrency will find some support from the long-term average at approximately $5.85. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Monday, March 18, 2024, and so far it has fallen -5.43%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for UNUS SED LEO cryptocurrency
UNUS SED LEO finds support from accumulated volume at $5.76 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the cryptocurrency tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the cryptocurrency moved $0.0980 between high and low, or 1.70%. For the last week the cryptocurrency has had daily average volatility of 2.05%.
Our recommended stop-loss: $5.50 (-5.88%) (This cryptocurrency has low daily movements and this gives low risk. There is a sell signal from a pivot top found 48 days ago.)
Trading Expectations (LEOUSD) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect UNUS SED LEO to open at $5.83, and during the day (based on 14 day Average True Range), to move between $5.73 and $5.96, which gives a possible trading interval of +/-$0.114 (+/-1.94%) up or down from last closing price. If UNUS SED LEO takes out the full calculated possible swing range there will be an estimated 3.89% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $5.76 (1.49%) than the resistance at $5.97 (2.09%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is UNUS SED LEO cryptocurrency A Buy?
UNUS SED LEO 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. We have upgraded our analysis conclusion for this cryptocurrency since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.105 Hold/Accumulate Upgraded
Predicted Opening Price for UNUS SED LEO of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $5.83 ( 0.339%) | $5.85 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LEOUSD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.93 | 1.34 % | |
| R2 | 5.89 | 0.696 % | ||
| R1 | 5.87 | 0.301 % | ||
| Current price: | 5.85 | |||
| Support | S1 | 5.79 | -0.98 % | |
| S2 | 5.77 | -1.37 % | ||
| S3 | 5.73 | -2.01 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 6.09 | 4.17 % | |
| R2 | 6.06 | 3.69 % | ||
| R1 | 5.97 | 2.09 % | ||
| Current price | 5.85 | |||
| Support | S1 | 5.76 | -1.49% | |
| S2 | 5.46 | -6.56% | ||
| S3 | 4.74 | -18.95% |
FAQ
Click here for our free guide on how to buy UNUS SED LEO Cryptocurrency.
