MxmBoxcEus Token USD Cryptocurrency Forecast
MxmBoxcEus Token USD cryptocurrency price fell more than -7.16% Monday closing at $0.0059
(Updated on May 20, 2024)
The MxmBoxcEus Token USD cryptocurrency price fell by -7.16% on the last day (Monday, 20th May 2024) from $0.0064 to $0.0059. During the last trading day the cryptocurrency fluctuated 8.11% from a day low at $0.0059 to a day high of $0.0064. The price has fallen in 5 of the last 10 days and is down by -6.48% for this period.
The cryptocurrency lies in the lower part of a 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 $0.0058 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 6.07% during the next 3 months and, with a 90% probability hold a price between $0.0062 and $0.0070 at the end of this 3-month period.
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MBEUSD Signals & Forecast
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. The MxmBoxcEus Token USD cryptocurrency holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $0.0062 and $0.0061. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, May 14, 2024, and so far it has fallen -7.19%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this cryptocurrency may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
A sell signal from a double top formation was found on Tuesday, May 14, 2024 and based on theory for this formation the price should fall by -2.16% to $0.0058 within 33 trading days since signal was issued (Tuesday, May 21, 2024).
Support, Risk & Stop-loss for MxmBoxcEus Token USD cryptocurrency
MxmBoxcEus Token USD finds support from accumulated volume at $0.0059 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 $0.0005 between high and low, or 8.11%. For the last week the cryptocurrency has had daily average volatility of 6.78%.
Our recommended stop-loss: $0.0055 (-6.08%) (This cryptocurrency has low daily movements and this gives low risk. There is a sell signal from a pivot top found 39 days ago.)
Trading Expectations (MBEUSD) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect MxmBoxcEus Token USD to open at $0.0061, and during the day (based on 14 day Average True Range), to move between $0.0054 and $0.0064, which gives a possible trading interval of +/-$0.0005 (+/-8.24%) up or down from last closing price. If MxmBoxcEus Token USD takes out the full calculated possible swing range there will be an estimated 16.47% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0059 (0.59%) than the resistance at $0.0061 (3.61%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is MxmBoxcEus Token USD cryptocurrency A Buy?
MxmBoxcEus Token USD 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this cryptocurrency since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: -0.820 Hold/Accumulate Downgraded
Predicted Opening Price for MxmBoxcEus Token USD of Tuesday, May 21, 2024
| Fair opening price May 21, 2024 | Current price |
|---|---|
| $0.0061 ( 2.63%) | $0.0059 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MBEUSD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0065 | 10.74 % | |
| R2 | 0.0063 | 7.64 % | ||
| R1 | 0.0062 | 5.73 % | ||
| Current price: | 0.0059 | |||
| Support | S1 | 0.0059 | -0.462 % | |
| S2 | 0.0058 | -2.37 % | ||
| S3 | 0.0056 | -5.47 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0062 | 5.81 % | |
| R2 | 0.0062 | 5.76 % | ||
| R1 | 0.0061 | 3.61 % | ||
| Current price | 0.0059 | |||
| Support | S1 | 0.0059 | -0.593% | |
| S2 | 0.0058 | -1.76% | ||
| S3 | 0.0057 | -3.25% |
FAQ
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