Alchemist USD Cryptocurrency Forecast
Alchemist USD cryptocurrency price down 1.11% on Monday
(Updated on May 20, 2024)
The Alchemist USD cryptocurrency price fell by -1.11% on the last day (Monday, 20th May 2024) from $0.93 to $0.92. During the last trading day the cryptocurrency fluctuated 0.481% from a day low at $0.92 to a day high of $0.92. The price has risen in 5 of the last 10 days and is up by 0.52% over the past 2 weeks. Volume has increased on the last day by 746 shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 826 shares were bought and sold for approximately $761.12 .
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 -31.48% during the next 3 months and, with a 90% probability hold a price between $0.529 and $0.733 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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MISTUSD Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, May 01, 2024, and so far it has risen 5.11%. 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. The Alchemist 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 $0.95. On a fall, the cryptocurrency will find some support from the short-term average at $0.91. 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. Alchemist USD gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Alchemist USD cryptocurrency
Alchemist USD finds support from accumulated volume at $0.92 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 $0.0044 between high and low, or 0.481%. For the last week, the cryptocurrency has had daily average volatility of 0.96%.
Our recommended stop-loss: $0.89 (-3.08%) (This cryptocurrency has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 68 days ago.)
Trading Expectations (MISTUSD) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect Alchemist USD to open at $0.92, and during the day (based on 14 day Average True Range), to move between $0.90 and $0.94, which gives a possible trading interval of +/-$0.0210 (+/-2.28%) up or down from last closing price. If Alchemist USD takes out the full calculated possible swing range there will be an estimated 4.55% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.92 (0.52%) than the resistance at $1.09 (18.61%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Alchemist USD cryptocurrency A Buy?
Alchemist 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.
Current score: 0.246 Hold/Accumulate Unchanged
Predicted Opening Price for Alchemist USD of Tuesday, May 21, 2024
| Fair opening price May 21, 2024 | Current price |
|---|---|
| $0.92 ( 0.160%) | $0.92 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MISTUSD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.92 | 0.319 % | |
| R2 | 0.92 | 0.136 % | ||
| R1 | 0.92 | 0.0233 % | ||
| Current price: | 0.92 | |||
| Support | S1 | 0.92 | -0.342 % | |
| S2 | 0.92 | -0.455 % | ||
| S3 | 0.92 | -0.638 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.12 | 21.38 % | |
| R2 | 1.11 | 20.93 % | ||
| R1 | 1.09 | 18.61 % | ||
| Current price | 0.92 | |||
| Support | S1 | 0.92 | -0.517% | |
| S2 | 0.91 | -1.40% | ||
| S3 | 0.88 | -4.86% |
FAQ
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