Plair / US Dollar Cryptocurrency Forecast
Volatile ride for Plair / US Dollar cryptocurrency price on Friday moving between $0.0558 and $0.0655
(Updated on Jun 21, 2024)
The Plair / US Dollar cryptocurrency price gained 9.39% on the last trading day (Friday, 21st Jun 2024), rising from $0.0573 to $0.0627. During the last trading day the cryptocurrency fluctuated 17.54% from a day low at $0.0558 to a day high of $0.0655. The price has fallen in 6 of the last 10 days and is down by -20.98% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 6 million more shares were traded than the day before. In total, 14 million shares were bought and sold for approximately $871.27 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 -28.66% during the next 3 months and, with a 90% probability hold a price between $0.0160 and $0.0905 at the end of this 3-month period.
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PLAUSD Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, June 20, 2024, and so far it has risen 9.39%. Further rise is indicated until a new top pivot has been found. Plair / 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. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Plair / 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 $0.0635 and $0.0794. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Plair / US Dollar cryptocurrency
Plair / US Dollar finds support from accumulated volume at $0.0618 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 $0.0098 between high and low, or 17.54%. For the last week, the cryptocurrency has had daily average volatility of 13.00%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (PLAUSD) For The Upcoming Trading Day Of Saturday 22nd
For the upcoming trading day on Saturday, 22nd we expect Plair / US Dollar to open at $0.0613, and during the day (based on 14 day Average True Range), to move between $0.0557 and $0.0698, which gives a possible trading interval of +/-$0.0071 (+/-11.26%) up or down from last closing price. If Plair / US Dollar takes out the full calculated possible swing range there will be an estimated 22.52% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0618 (1.41%) than the resistance at $0.0714 (13.83%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Plair / US Dollar cryptocurrency A Buy?
Plair / US Dollar holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this cryptocurrency.
Current score: -4.893 Sell Candidate Unchanged
Predicted Opening Price for Plair / US Dollar of Saturday, June 22, 2024
| Fair opening price June 22, 2024 | Current price |
|---|---|
| $0.0613 ( 2.21%) | $0.0627 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PLAUSD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0711 | 13.38% |
| R2 | 0.0674 | 7.42% |
| R1 | 0.0651 | 3.74% |
| Price | 0.0627 | |
| S1 | 0.0576 | -8.17% |
| S2 | 0.0553 | -11.85% |
| S3 | 0.0516 | -17.80% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0756 | 20.45% |
| R2 | 0.0742 | 18.23% |
| R1 | 0.0714 | 13.83% |
| Price | 0.0627 | |
| S1 | 0.0618 | -1.41% |
| S2 | 0.0606 | -3.33% |
| S3 | 0.0589 | -6.05% |
FAQ
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