PEEPO USD Cryptocurrency Forecast
High volatility in PEEPO USD cryptocurrency price on Tuesday which ended trading at $0.00000008
(Updated on May 07, 2024)
The PEEPO USD cryptocurrency price fell by -14.44% on the last day (Tuesday, 7th May 2024) from $0.00000009 to $0.00000008. It has now fallen 3 days in a row. During the last trading day the cryptocurrency fluctuated 32.47% from a day low at $0.00000007 to a day high of $0.00000010. The price has fallen in 5 of the last 10 days but is still up by 196.7% over the past 2 weeks. Volume fell on the last day along with the cryptocurrency, which is actually a good sign as volume should follow the cryptocurrency. On the last day, the trading volume fell by -708 thousand shares and in total, 780 thousand shares were bought and sold for approximately $0.0585 .
The cryptocurrency lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the cryptocurrency is expected to rise 32.66% during the next 3 months and, with a 90% probability hold a price between $0.00000002 and $0.00000017 at the end of this 3-month period.
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PEEPOUSD Signals & Forecast
The PEEPO USD cryptocurrency holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $0.00000006 and $0.00000003. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Saturday, May 04, 2024, and so far it has fallen -41.76%. Further fall is indicated until a new bottom pivot has been found. 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.
Support, Risk & Stop-loss for PEEPO USD cryptocurrency
There is no support from accumulated volume below today's level and given the right condition the cryptocurrency may perform very badly in the next couple of days.
This cryptocurrency may move very much during the day (volatility) and with periodic low trading volume this cryptocurrency is considered to be "very high risk". During the last day, the cryptocurrency moved $0.00000002 between high and low, or 32.47%. For the last week the cryptocurrency has had daily average volatility of 76.74%.
Our recommended stop-loss: $0.00000007 (-5.76%) (This cryptocurrency has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 3 days ago.)
Trading Expectations (PEEPOUSD) For The Upcoming Trading Day Of Wednesday 8th
For the upcoming trading day on Wednesday, 8th we expect PEEPO USD to open at $0.00000008, and during the day (based on 14 day Average True Range), to move between $0.00000005 and $0.00000010, which gives a possible trading interval of +/-$0.00000002 (+/-28.19%) up or down from last closing price. If PEEPO USD takes out the full calculated possible swing range there will be an estimated 56.38% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $0.00000009, some $0.00000001 (16.88%) from the current price of $0.00000008, our system finds the risk reward not very attractive.
Is PEEPO USD cryptocurrency A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for PEEPO USD cryptocurrency to perform well in the short-term.
Current score: 2.755 Buy Candidate Unchanged
Predicted Opening Price for PEEPO USD of Wednesday, May 8, 2024
| Fair opening price May 8, 2024 | Current price |
|---|---|
| $0.00000008 ( 9.55%) | $0.00000008 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PEEPOUSD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.00000011 | 41.48 % | |
| R2 | 0.00000010 | 29.28 % | ||
| R1 | 0.00000009 | 21.75 % | ||
| Current price: | 0.00000008 | |||
| Support | S1 | 0.00000007 | -2.65 % | |
| S2 | 0.00000007 | -10.19 % | ||
| S3 | 0.00000006 | -22.39 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0.00000009 | 24.48 % | ||
| R1 | 0.00000009 | 16.88 % | ||
| Current price | 0.00000008 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
FAQ
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