MAPS / US Dollar Cryptocurrency Forecast
MAPS / US Dollar cryptocurrency price up 3.46% on Monday
(Updated on May 06, 2024)
The MAPS / US Dollar cryptocurrency price gained 3.46% on the last trading day (Monday, 6th May 2024), rising from $0.0175 to $0.0181. During the last trading day the cryptocurrency fluctuated 6.47% from a day low at $0.0177 to a day high of $0.0188. The price has been going up and down for this period, and there has been a -7.9% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 33 thousand more shares were traded than the day before. In total, 163 thousand shares were bought and sold for approximately $2.95 thousand.
The cryptocurrency lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.0147 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the cryptocurrency is expected to fall -13.12% during the next 3 months and, with a 90% probability hold a price between $0.0128 and $0.0303 at the end of this 3-month period.
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MAPSUSD Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). MAPS / 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. The MAPS / 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 $0.0188 and $0.0223. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, March 06, 2024, and so far it has fallen -52.99%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for MAPS / US Dollar cryptocurrency
MAPS / US Dollar finds support from accumulated volume at $0.0175 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 a large prediction interval from the Bollinger Band this cryptocurrency is considered to be "high risk". During the last day, the cryptocurrency moved $0.0011 between high and low, or 6.47%. For the last week, the cryptocurrency has had daily average volatility of 3.32%.
MAPS / US Dollar is oversold on RSI14 (23). Some cryptocurrencies may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (MAPSUSD) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect MAPS / US Dollar to open at $0.0182, and during the day (based on 14 day Average True Range), to move between $0.0169 and $0.0193, which gives a possible trading interval of +/-$0.0012 (+/-6.56%) up or down from last closing price. If MAPS / US Dollar takes out the full calculated possible swing range there will be an estimated 13.11% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0175 (3.34%) than the resistance at $0.0214 (18.28%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is MAPS / US Dollar cryptocurrency A Buy?
MAPS / US Dollar 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: -5.270 Strong Sell Candidate Unchanged
Predicted Opening Price for MAPS / US Dollar of Tuesday, May 7, 2024
Fair opening price May 7, 2024 | Current price |
---|---|
$0.0182 ( 0.584%) | $0.0181 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MAPSUSD
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.0194 | 6.91 % | |
R2 | 0.0189 | 4.49 % | ||
R1 | 0.0187 | 3.00 % | ||
Current price: | 0.0181 | |||
Support | S1 | 0.0178 | -1.83 % | |
S2 | 0.0175 | -3.32 % | ||
S3 | 0.0171 | -5.74 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.0225 | 24.19 % | |
R2 | 0.0216 | 19.55 % | ||
R1 | 0.0214 | 18.28 % | ||
Current price | 0.0181 | |||
Support | S1 | 0.0175 | -3.34% | |
S2 | 0 | . | ||
S3 | 0 | . |
FAQ
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