Cometh USD Cryptocurrency Forecast
Cometh USD cryptocurrency price down 0.137% on Tuesday
(Updated on Jun 25, 2024)
The Cometh USD cryptocurrency price fell by -0.137% on the last day (Tuesday, 25th Jun 2024) from $4.61 to $4.61. During the last trading day the cryptocurrency fluctuated 2.06% from a day low at $4.51 to a day high of $4.61. The price has been going up and down for this period, and there has been a -4.87% loss for the last 2 weeks.
The cryptocurrency lies in the middle of a 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 -27.23% during the next 3 months and, with a 90% probability hold a price between $3.14 and $3.82 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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MUSTUSD Signals & Forecast
There are mixed signals in the cryptocurrency today. The Cometh 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 $4.62 and $5.04. A break-up above any of these levels will issue buy signals. 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 buy signal was issued from a pivot bottom point on Tuesday, June 18, 2024, and so far it has risen 3.17%. 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).
Support, Risk & Stop-loss for Cometh USD cryptocurrency
Cometh USD finds support from accumulated volume at $4.58 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, but be aware of low or falling volume as this increases the risk. During the last day, the cryptocurrency moved $0.0930 between high and low, or 2.06%. For the last week the cryptocurrency has had daily average volatility of 1.02%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (MUSTUSD) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Cometh USD to open at $4.57, and during the day (based on 14 day Average True Range), to move between $4.51 and $4.70, which gives a possible trading interval of +/-$0.0972 (+/-2.11%) up or down from last closing price. If Cometh USD takes out the full calculated possible swing range there will be an estimated 4.22% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $4.58 (0.45%) than the resistance at $5.29 (14.86%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Cometh USD cryptocurrency A Buy?
Cometh 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: -1.609 Sell Candidate Unchanged
Predicted Opening Price for Cometh USD of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $4.57 ( 0.673%) | $4.61 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MUSTUSD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 4.67 | 1.35% |
| R2 | 4.63 | 0.575% |
| R1 | 4.61 | 0.0983% |
| Price | 4.61 | |
| S1 | 4.54 | -1.44% |
| S2 | 4.52 | -1.92% |
| S3 | 4.48 | -2.69% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 5.54 | 20.35% |
| R2 | 5.50 | 19.34% |
| R1 | 5.29 | 14.86% |
| Price | 4.61 | |
| S1 | 4.58 | -0.446% |
| S2 | 4.46 | -3.08% |
| S3 | 0 | - |
FAQ
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