PAID Network / US Dollar Cryptocurrency Forecast
PAID Network / US Dollar cryptocurrency price up 0.120% on Friday
(Updated on May 03, 2024)
The PAID Network / US Dollar cryptocurrency price gained 0.120% on the last trading day (Friday, 3rd May 2024), rising from $0.125 to $0.125. During the last trading day the cryptocurrency fluctuated 6.80% from a day low at $0.119 to a day high of $0.127. The price has fallen in 7 of the last 10 days and is down by -24.35% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 19 thousand more shares were traded than the day before. In total, 193 thousand shares were bought and sold for approximately $24.04 thousand.
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 -56.44% during the next 3 months and, with a 90% probability hold a price between $0.0468 and $0.0786 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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PAIDUSD Signals & Forecast
There are mixed signals in the cryptocurrency today. The PAID Network / US Dollar 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 $0.131 and $0.170. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Wednesday, May 01, 2024, and so far it has risen 10.63%. 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). PAID Network / US Dollar 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.
Support, Risk & Stop-loss for PAID Network / US Dollar cryptocurrency
PAID Network / US Dollar finds support from accumulated volume at $0.125 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 very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this cryptocurrency is considered to be "very high risk". During the last day, the cryptocurrency moved $0.0081 between high and low, or 6.80%. For the last week, the cryptocurrency has had daily average volatility of 11.06%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (PAIDUSD) For The Upcoming Trading Day Of Saturday 4th
For the upcoming trading day on Saturday, 4th we expect PAID Network / US Dollar to open at $0.124, and during the day (based on 14 day Average True Range), to move between $0.108 and $0.141, which gives a possible trading interval of +/-$0.0166 (+/-13.28%) up or down from last closing price. If PAID Network / US Dollar takes out the full calculated possible swing range there will be an estimated 26.56% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.125 (0.12%) than the resistance at $0.139 (11.38%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is PAID Network / US Dollar cryptocurrency A Buy?
PAID Network / US Dollar 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: -2.692 Sell Candidate Unchanged
Predicted Opening Price for PAID Network / US Dollar of Saturday, May 4, 2024
| Fair opening price May 4, 2024 | Current price |
|---|---|
| $0.124 ( 0.82%) | $0.125 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PAIDUSD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.132 | 5.67 % | |
| R2 | 0.129 | 3.19 % | ||
| R1 | 0.127 | 1.66 % | ||
| Current price: | 0.125 | |||
| Support | S1 | 0.121 | -3.31 % | |
| S2 | 0.119 | -4.84 % | ||
| S3 | 0.116 | -7.32 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.150 | 20.55 % | |
| R2 | 0.150 | 20.19 % | ||
| R1 | 0.139 | 11.38 % | ||
| Current price | 0.125 | |||
| Support | S1 | 0.125 | -0.120% | |
| S2 | 0.124 | -0.385% | ||
| S3 | 0.113 | -9.61% |
FAQ
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