Mobile Crypto Pay Coin USD Cryptocurrency Forecast
Stronger technical forecast for Mobile Crypto Pay Coin USD cryptocurrency price after Friday trading.
(Updated on May 17, 2024)
The Mobile Crypto Pay Coin USD cryptocurrency price gained 1.52% on the last trading day (Friday, 17th May 2024), rising from $0.0004 to $0.0004. During the last trading day the cryptocurrency fluctuated 3.58% from a day low at $0.0004 to a day high of $0.0004. The price has risen in 6 of the last 10 days and is up by 6.07% 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, 20 more shares were traded than the day before. In total, 20 shares were bought and sold for approximately $0.0080 .
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 -60.43% during the next 3 months and, with a 90% probability hold a price between $0.00004343 and $0.0004 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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MCPCUSD Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, May 10, 2024, and so far it has risen 10.14%. 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). Mobile Crypto Pay Coin USD 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 Mobile Crypto Pay Coin USD cryptocurrency holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the cryptocurrency giving a more negative forecast for the stock. On further gains, the cryptocurrency will meet resistance from the long-term Moving Average at $0.0005. On a fall, the cryptocurrency will find some support from the short-term average at $0.0004. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal.
Support, Risk & Stop-loss for Mobile Crypto Pay Coin USD cryptocurrency
Mobile Crypto Pay Coin USD finds support from accumulated volume at $0.0004 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 very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this cryptocurrency is considered to be "very high risk". During the last day, the cryptocurrency moved $0.000014 between high and low, or 3.58%. For the last week, the cryptocurrency has had daily average volatility of 3.77%.
Our recommended stop-loss: $0.0004 (-3.66%) (This cryptocurrency has very high daily movements and this gives very high risk. There is a buy signal from a pivot bottom found 7 days ago.)
Trading Expectations (MCPCUSD) For The Upcoming Trading Day Of Saturday 18th
For the upcoming trading day on Saturday, 18th we expect Mobile Crypto Pay Coin USD to open at $0.0004, and during the day (based on 14 day Average True Range), to move between $0.0004 and $0.0004, which gives a possible trading interval of +/-$0.00002389 (+/-5.94%) up or down from last closing price. If Mobile Crypto Pay Coin USD takes out the full calculated possible swing range there will be an estimated 11.89% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0004 (1.49%) than the resistance at $0.0005 (13.18%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Mobile Crypto Pay Coin USD cryptocurrency A Buy?
Mobile Crypto Pay Coin USD 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: 0.000 Hold/Accumulate Upgraded
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Mobile Crypto Pay Coin USD of Saturday, May 18, 2024
| Fair opening price May 18, 2024 | Current price |
|---|---|
| $0.0004 ( 0.663%) | $0.0004 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MCPCUSD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0004 | 2.82 % | |
| R2 | 0.0004 | 1.49 % | ||
| R1 | 0.0004 | 0.667 % | ||
| Current price: | 0.0004 | |||
| Support | S1 | 0.0004 | -1.99 % | |
| S2 | 0.0004 | -2.82 % | ||
| S3 | 0.0004 | -4.15 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0005 | 19.65 % | |
| R2 | 0.0005 | 17.66 % | ||
| R1 | 0.0005 | 13.18 % | ||
| Current price | 0.0004 | |||
| Support | S1 | 0.0004 | -1.49% | |
| S2 | 0.0004 | -7.96% | ||
| S3 | 0.0004 | -9.20% |
FAQ
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