Plian USD Cryptocurrency Forecast
Plian USD cryptocurrency price up 3.50% on Monday
(Updated on May 20, 2024)
The Plian USD cryptocurrency price gained 3.50% on the last trading day (Monday, 20th May 2024), rising from $0.0028 to $0.0029. During the last trading day the cryptocurrency fluctuated 9.81% from a day low at $0.0027 to a day high of $0.0030. The price has risen in 5 of the last 10 days but is still down by -2.48% for this period. Volume fell on the last day by -143 shares and in total, 7 thousand shares were bought and sold for approximately $21.29 . You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The cryptocurrency lies the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $0.0031 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the cryptocurrency is expected to fall -45.09% during the next 3 months and, with a 90% probability hold a price between $0.0010 and $0.0017 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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PIUSD Signals & Forecast
There are mixed signals in the cryptocurrency today. The Plian 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 $0.0031. On a fall, the cryptocurrency will find some support from the short-term average at $0.0027. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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. A buy signal was issued from a pivot bottom point on Sunday, May 12, 2024, and so far it has risen 17.90%. Further rise is indicated until a new top pivot has been found.
Support, Risk & Stop-loss for Plian USD cryptocurrency
On the downside, the cryptocurrency finds support just below today's level from accumulated volume at $0.0026 and $0.0024. There is a natural risk involved when a cryptocurrency is testing a support level, since if this is broken, the cryptocurrency then may fall to the next support level. In this case, Plian USD finds support just below today's level at $0.0026. If this is broken, then the next support from accumulated volume will be at $0.0024 and $0.0024.
This cryptocurrency may move much during the day (volatility) and with periodic low trading volume this cryptocurrency is considered to be "high risk". During the last day, the cryptocurrency moved $0.0003 between high and low, or 9.81%. For the last week the cryptocurrency has had daily average volatility of 7.72%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (PIUSD) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect Plian USD to open at $0.0029, and during the day (based on 14 day Average True Range), to move between $0.0026 and $0.0032, which gives a possible trading interval of +/-$0.0003 (+/-10.07%) up or down from last closing price. If Plian USD takes out the full calculated possible swing range there will be an estimated 20.13% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0029 (0.03%) than the support at $0.0026 (9.19%), 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 Plian USD cryptocurrency A Buy?
Plian 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: -3.212 Sell Candidate Unchanged
Predicted Opening Price for Plian USD of Tuesday, May 21, 2024
| Fair opening price May 21, 2024 | Current price |
|---|---|
| $0.0029 ( 0.162%) | $0.0029 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PIUSD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0031 | 9.17 % | |
| R2 | 0.0030 | 5.60 % | ||
| R1 | 0.0030 | 3.40 % | ||
| Current price: | 0.0029 | |||
| Support | S1 | 0.0028 | -3.73 % | |
| S2 | 0.0027 | -5.93 % | ||
| S3 | 0.0026 | -9.49 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0035 | 20.30 % | |
| R2 | 0.0031 | 9.47 % | ||
| R1 | 0.0029 | 0.0348 % | ||
| Current price | 0.0029 | |||
| Support | S1 | 0.0026 | -9.19% | |
| S2 | 0.0024 | -15.01% | ||
| S3 | 0.0024 | -15.18% |
FAQ
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