LIQ Protocol USD Cryptocurrency Forecast
LIQ Protocol USD cryptocurrency upgraded from Sell Candidate to Buy Candidate after Tuesday trading session.
(Updated on May 28, 2024)
The LIQ Protocol USD cryptocurrency price gained 3.32% on the last trading day (Tuesday, 28th May 2024), rising from $0.0017 to $0.0018. During the last trading day the cryptocurrency fluctuated 8.80% from a day low at $0.0017 to a day high of $0.0019. The price has risen in 5 of the last 10 days and is up by 4.66% over the past 2 weeks. Volume fell on the last day by -9 thousand shares and in total, 5 thousand shares were bought and sold for approximately $8.73 . 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 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 -42.14% during the next 3 months and, with a 90% probability hold a price between $0.0008 and $0.0012 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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LIQUSD Signals & Forecast
The LIQ Protocol USD cryptocurrency holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the cryptocurrency has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $0.0017 and $0.0018. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, May 10, 2024, and so far it has risen 10.04%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. 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 not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for LIQ Protocol USD cryptocurrency
LIQ Protocol USD finds support from accumulated volume at $0.0018 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 controlled movements and therefore the general risk is considered low. However, be aware of low or falling volume and make sure to keep an eye on the cryptocurrency. During the last day, the cryptocurrency moved $0.0002 between high and low, or 8.80%. For the last week the cryptocurrency has had daily average volatility of 3.64%.
Our recommended stop-loss: $0.0017 (-3.44%) (This cryptocurrency has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 36 days ago.)
Trading Expectations (LIQUSD) For The Upcoming Trading Day Of Wednesday 29th
For the upcoming trading day on Wednesday, 29th we expect LIQ Protocol USD to open at $0.0018, and during the day (based on 14 day Average True Range), to move between $0.0017 and $0.0019, which gives a possible trading interval of +/-$0.0001 (+/-5.78%) up or down from last closing price. If LIQ Protocol USD takes out the full calculated possible swing range there will be an estimated 11.56% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0018 (0.11%) than the resistance at $0.0019 (7.15%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is LIQ Protocol USD 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 Sell to a Buy candidate.
Current score: 2.043 Buy Candidate Upgraded
Predicted Opening Price for LIQ Protocol USD of Wednesday, May 29, 2024
| Fair opening price May 29, 2024 | Current price |
|---|---|
| $0.0018 ( 1.01%) | $0.0018 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LIQUSD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0019 | 9.57 % | |
| R2 | 0.0019 | 6.30 % | ||
| R1 | 0.0019 | 4.28 % | ||
| Current price: | 0.0018 | |||
| Support | S1 | 0.0017 | -2.26 % | |
| S2 | 0.0017 | -4.28 % | ||
| S3 | 0.0016 | -7.55 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0022 | 22.75 % | |
| R2 | 0.0022 | 21.11 % | ||
| R1 | 0.0019 | 7.15 % | ||
| Current price | 0.0018 | |||
| Support | S1 | 0.0018 | -0.113% | |
| S2 | 0.0017 | -3.21% | ||
| S3 | 0.0017 | -3.27% |
FAQ
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