Opacity / US Dollar Cryptocurrency Forecast

Opacity / US Dollar cryptocurrency upgraded to Buy Candidate.
(Updated on May 18, 2024)

OPCTUSD Signals & Forecast

The Opacity / US Dollar cryptocurrency holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the cryptocurrency has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $0.0006 and $0.0006. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, May 01, 2024, and so far it has risen 12.00%. 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. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Opacity / US Dollar cryptocurrency

Opacity / US Dollar finds support from accumulated volume at $0.0006 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 $0.000007 between high and low, or 1.14%. For the last week the cryptocurrency has had daily average volatility of 3.09%.

Our recommended stop-loss: $0.0006 (-4.66%) (This cryptocurrency has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 17 days ago.)

Trading Expectations (OPCTUSD) For The Upcoming Trading Day Of Sunday 19th

For the upcoming trading day on Sunday, 19th we expect Opacity / US Dollar to open at $0.0006, and during the day (based on 14 day Average True Range), to move between $0.0006 and $0.0006, which gives a possible trading interval of +/-$0.00002047 (+/-3.32%) up or down from last closing price. If Opacity / US Dollar takes out the full calculated possible swing range there will be an estimated 6.65% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.0006 (0.16%) than the support at $0.0006 (2.11%), 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 Opacity / US Dollar cryptocurrency A Buy?

Several short-term signals are positive, despite the cryptocurrency being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for cryptocurrency to perform well in the short-term. We have upgraded our analysis conclusion for this cryptocurrency since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 3.406 Buy Candidate Upgraded

Predicted Opening Price for Opacity / US Dollar of Sunday, May 19, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.