Lien / US Dollar Cryptocurrency Forecast
Lien / US Dollar cryptocurrency upgraded to Buy Candidate.
(Updated on May 19, 2024)
The Lien / US Dollar cryptocurrency price gained 0.768% on the last trading day (Sunday, 19th May 2024), rising from $0.301 to $0.303. During the last trading day the cryptocurrency fluctuated 1.74% from a day low at $0.300 to a day high of $0.305. The price has risen in 6 of the last 10 days and is up by 1.5% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 3 thousand more shares were traded than the day before. In total, 24 thousand shares were bought and sold for approximately $7.21 thousand.
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 -27.94% during the next 3 months and, with a 90% probability hold a price between $0.138 and $0.369 at the end of this 3-month period.
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LIENUSD Signals & Forecast
Mostly positive signals in the chart today. The Lien / US Dollar cryptocurrency holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $0.301 and $0.291. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 14.31%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Lien / 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 Lien / US Dollar cryptocurrency
Lien / US Dollar finds support from accumulated volume at $0.301 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 and with good trading volume, the risk is considered to be medium. During the last day, the cryptocurrency moved $0.0052 between high and low, or 1.74%. For the last week, the cryptocurrency has had daily average volatility of 1.09%.
Our recommended stop-loss: $0.291 (-3.92%) (This cryptocurrency has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 48 days ago.)
Trading Expectations (LIENUSD) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Lien / US Dollar to open at $0.303, and during the day (based on 14 day Average True Range), to move between $0.289 and $0.317, which gives a possible trading interval of +/-$0.0141 (+/-4.64%) up or down from last closing price. If Lien / US Dollar takes out the full calculated possible swing range there will be an estimated 9.28% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.304 (0.21%) than the support at $0.301 (0.76%), 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 Lien / US Dollar cryptocurrency A Buy?
Several short-term signals are positive, despite the cryptocurrency being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for cryptocurrency to perform well in the short-term. We have upgraded our analysis conclusion for this cryptocurrency since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 2.154 Buy Candidate Upgraded
Predicted Opening Price for Lien / US Dollar of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| $0.303 ( 0.111%) | $0.303 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LIENUSD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.308 | 1.61 % | |
| R2 | 0.306 | 0.95 % | ||
| R1 | 0.305 | 0.546 % | ||
| Current price: | 0.303 | |||
| Support | S1 | 0.301 | -0.768 % | |
| S2 | 0.300 | -1.17 % | ||
| S3 | 0.298 | -1.83 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.359 | 18.39 % | |
| R2 | 0.352 | 16.15 % | ||
| R1 | 0.304 | 0.214 % | ||
| Current price | 0.303 | |||
| Support | S1 | 0.301 | -0.762% | |
| S2 | 0.274 | -9.44% | ||
| S3 | 0.269 | -11.20% |
FAQ
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