McPepe's USD Cryptocurrency Forecast
McPepe's USD cryptocurrency price took a fall of -48.78% on Saturday
(Updated on May 18, 2024)
The McPepe's USD cryptocurrency price fell by -48.78% on the last day (Saturday, 18th May 2024) from $0.00000166 to $0.00000085. During the last trading day the cryptocurrency fluctuated 3.68% from a day low at $0.00000082 to a day high of $0.00000085. The price has fallen in 7 of the last 10 days and is down by -96.45% for this period. 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 -6 thousand shares and in total, 1 thousand shares were bought and sold for approximately $0.0012 .
Given the current short-term trend, the cryptocurrency is expected to rise 7.72% during the next 3 months and, with a 90% probability hold a price between $0.00000092 and $0.0003 at the end of this 3-month period.
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PEPESUSD Signals & Forecast
There are few to no technical positive signals at the moment. The McPepe's USD 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 $0.00001159 and $0.00002807. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, April 29, 2024, and so far it has fallen -99.66%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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 McPepe's 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 $0.00000003 between high and low, or 3.68%. For the last week the cryptocurrency has had daily average volatility of 2.24%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (PEPESUSD) For The Upcoming Trading Day Of Sunday 19th
For the upcoming trading day on Sunday, 19th we expect McPepe's USD to open at $0.00000084, and during the day (based on 14 day Average True Range), to move between -$0.00001185 and $0.00001355, which gives a possible trading interval of +/-$0.00001270 (+/-1 494.23%) up or down from last closing price. If McPepe's USD takes out the full calculated possible swing range there will be an estimated 2 988.47% move between the lowest and the highest trading price during the day.
Is McPepe's USD cryptocurrency A Buy?
The McPepe's USD cryptocurrency holds several negative signals and despite the positive trend, we believe McPepe's USD will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this cryptocurrency. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this cryptocurrency since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -4.306 Sell Candidate Downgraded
Predicted Opening Price for McPepe's USD of Sunday, May 19, 2024
| Fair opening price May 19, 2024 | Current price |
|---|---|
| $0.00000084 ( 1.17%) | $0.00000085 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PEPESUSD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.00000087 | 2.37 % | |
| R2 | 0.00000086 | 1.02 % | ||
| R1 | 0.00000085 | 0.180 % | ||
| Current price: | 0.00000085 | |||
| Support | S1 | 0.00000083 | -2.53 % | |
| S2 | 0.00000082 | -3.37 % | ||
| S3 | 0.00000081 | -4.72 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 0.00000085 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
FAQ
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