Pacific USD Cryptocurrency Forecast
Red day on Thursday for Pacific USD
(Updated on Jun 27, 2024)
The Pacific USD cryptocurrency price fell by -0.422% on the last day (Thursday, 27th Jun 2024) from $0.0002 to $0.0002. During the last trading day the cryptocurrency fluctuated 0.85% from a day low at $0.0002 to a day high of $0.0002. The price has fallen in 7 of the last 10 days and is down by -2.07% for this period. Volume has increased on the last day by 289 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, 14 thousand shares were bought and sold for approximately $3.38 .
The cryptocurrency is moving within a very wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Pacific USD cryptocurrency with a 90% probability to be traded between $0.0002 and $0.0003 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and cryptocurrencies seldom manage to go directly from the bottom of a trend up to the top. Cryptocurrencies turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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PAFUSD Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, June 24, 2024, and so far it has risen 1.72%. 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 Pacific 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 $0.0002. On a fall, the cryptocurrency will find some support from the short-term average at $0.0002. 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. Pacific 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 Pacific USD cryptocurrency
Pacific USD finds support from accumulated volume at $0.0002 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 $0.000002 between high and low, or 0.85%. For the last week, the cryptocurrency has had daily average volatility of 3.14%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (PAFUSD) For The Upcoming Trading Day Of Friday 28th
For the upcoming trading day on Friday, 28th we expect Pacific USD to open at $0.0002, and during the day (based on 14 day Average True Range), to move between $0.0002 and $0.0003, which gives a possible trading interval of +/-$0.00001414 (+/-5.99%) up or down from last closing price. If Pacific USD takes out the full calculated possible swing range there will be an estimated 11.98% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0002 (0.85%) than the resistance at $0.0002 (5.08%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Pacific USD cryptocurrency A Buy?
Pacific 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: -2.873 Sell Candidate Unchanged
Predicted Opening Price for Pacific USD of Friday, June 28, 2024
| Fair opening price June 28, 2024 | Current price |
|---|---|
| $0.0002 ( 0%) | $0.0002 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PAFUSD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0002 | 0.85% |
| R2 | 0.0002 | 0.524% |
| R1 | 0.0002 | 0.324% |
| Price | 0.0002 | |
| S1 | 0.0002 | -0.324% |
| S2 | 0.0002 | -0.524% |
| S3 | 0.0002 | -0.85% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0003 | 17.37% |
| R2 | 0.0003 | 7.63% |
| R1 | 0.0002 | 5.08% |
| Price | 0.0002 | |
| S1 | 0.0002 | -0.85% |
| S2 | 0.0002 | -2.97% |
| S3 | 0.0002 | -3.39% |
FAQ
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