Mytheria USD Cryptocurrency Forecast
A very strong day for Mytheria USD cryptocurrency price on Thursday
(Updated on Jun 20, 2024)
The Mytheria USD cryptocurrency price gained 17.04% on the last trading day (Thursday, 20th Jun 2024), rising from $0.0067 to $0.0079. During the last trading day the cryptocurrency fluctuated 0.0507% from a day low at $0.0079 to a day high of $0.0079. The price has been going up and down for this period, and there has been a 1.31% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 471 more shares were traded than the day before. In total, 4 thousand shares were bought and sold for approximately $34.01 .
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 -35.10% during the next 3 months and, with a 90% probability hold a price between $0.0042 and $0.0059 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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MYRAUSD Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, June 18, 2024, and so far it has risen 18.75%. Further rise is indicated until a new top pivot has been found. Mytheria 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 Mytheria 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 $0.0080. On a fall, the cryptocurrency will find some support from the short-term average at $0.0071. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Mytheria USD cryptocurrency
Mytheria USD finds support from accumulated volume at $0.0079 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 much during the day (volatility) and with a large prediction interval from the Bollinger Band this cryptocurrency is considered to be "high risk". During the last day, the cryptocurrency moved $0.000004 between high and low, or 0.0507%. For the last week, the cryptocurrency has had daily average volatility of 3.72%.
Our recommended stop-loss: $0.0076 (-4.22%) (This cryptocurrency has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 14 days ago.)
Trading Expectations (MYRAUSD) For The Upcoming Trading Day Of Friday 21st
For the upcoming trading day on Friday, 21st we expect Mytheria USD to open at $0.0079, and during the day (based on 14 day Average True Range), to move between $0.0074 and $0.0083, which gives a possible trading interval of +/-$0.0005 (+/-5.71%) up or down from last closing price. If Mytheria USD takes out the full calculated possible swing range there will be an estimated 11.42% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0079 (0.09%) than the resistance at $0.0083 (4.79%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Mytheria USD cryptocurrency A Buy?
Mytheria 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: 0.995 Hold/Accumulate Upgraded
Predicted Opening Price for Mytheria USD of Friday, June 21, 2024
| Fair opening price June 21, 2024 | Current price |
|---|---|
| $0.0079 ( 0.0169%) | $0.0079 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MYRAUSD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0079 | 0.0676% |
| R2 | 0.0079 | 0.0483% |
| R1 | 0.0079 | 0.0363% |
| Price | 0.0079 | |
| S1 | 0.0079 | -0.0025% |
| S2 | 0.0079 | -0.0144% |
| S3 | 0.0079 | -0.0338% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0094 | 18.80% |
| R2 | 0.0086 | 8.78% |
| R1 | 0.0083 | 4.79% |
| Price | 0.0079 | |
| S1 | 0.0079 | -0.0888% |
| S2 | 0.0079 | -0.254% |
| S3 | 0.0077 | -2.09% |
FAQ
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