Monkeys Token USD Cryptocurrency Forecast
Red day on Monday for Monkeys Token USD cryptocurrency after losing 0%
(Updated on Jun 24, 2024)
No changes to the price of Monkeys Token USD cryptocurrency on the last trading day (Monday, 24th Jun 2024). During the last trading day the cryptocurrency fluctuated 0% from a day low at $0.00000143 to a day high of $0.00000143. The price has fallen in 6 of the last 10 days and is down by -22.28% for this period.
The cryptocurrency has broken the very wide and strong rising short-term trend down. This signalizes a slower rate of rising, but may also be an early warning about a possible trend shift. Due to the trend being broken there will now be resistance at the bottom line of the trend at $0.00000145. A reaction back to this level may hold a second chance to get out before further falls.
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MONKEYSUSD Signals & Forecast
A buy signal was issued from a pivot bottom point on Sunday, June 23, 2024, and so far it has fallen 0%. 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 Monkeys Token USD 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 $0.00000156 and $0.00000223. A break-up above any of these levels will issue buy signals. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Monkeys Token USD cryptocurrency
On the downside, the cryptocurrency finds support just below today's level from accumulated volume at $0.00000133 and $0.00000126. There is a natural risk involved when a cryptocurrency is testing a support level, since if this is broken, the cryptocurrency then may fall to the next support level. In this case, Monkeys Token USD finds support just below today's level at $0.00000133. If this is broken, then the next support from accumulated volume will be at $0.00000126 and $0.00000113.
In general the cryptocurrency tends to have very controlled movements and therefore the general risk is considered very 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 between high and low, or 0%. For the last week the cryptocurrency has had daily average volatility of 3.54%
Monkeys Token USD is oversold on RSI14 (7). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (MONKEYSUSD) For The Upcoming Trading Day Of Tuesday 25th
For the upcoming trading day on Tuesday, 25th we expect Monkeys Token USD to open at $0.00000143, and during the day (based on 14 day Average True Range), to move between $0.00000133 and $0.00000153, which gives a possible trading interval of +/-$0.00000010 (+/-7.14%) up or down from last closing price. If Monkeys Token USD takes out the full calculated possible swing range there will be an estimated 14.28% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.00000152 (6.29%) than the support at $0.00000133 (6.99%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Monkeys Token USD cryptocurrency A Buy?
Monkeys Token USD holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this cryptocurrency.
Current score: -2.847 Sell Candidate Unchanged
Predicted Opening Price for Monkeys Token USD of Tuesday, June 25, 2024
Fair opening price June 25, 2024 | Current price |
---|---|
$0.00000143 ( 0%) | $0.00000143 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MONKEYSUSD
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.00000143 | - |
R2 | 0.00000143 | - |
R1 | 0.00000143 | - |
Price | 0.00000143 | |
S1 | 0.00000143 | - |
S2 | 0.00000143 | - |
S3 | 0.00000143 | - |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.0000017 | 18.88% |
R2 | 0.00000155 | 8.39% |
R1 | 0.00000152 | 6.29% |
Price | 0.00000143 | |
S1 | 0.00000133 | -6.99% |
S2 | 0.00000126 | -11.89% |
S3 | 0.00000113 | -20.98% |
FAQ
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