Pluton / US Dollar Cryptocurrency Forecast
Red day on Saturday for Pluton / US Dollar
(Updated on Apr 27, 2024)
The Pluton / US Dollar cryptocurrency price fell by -4.25% on the last day (Saturday, 27th Apr 2024) from $4.57 to $4.37. It has now fallen 5 days in a row. During the last trading day the cryptocurrency fluctuated 5.80% from a day low at $4.29 to a day high of $4.54. The price has fallen in 6 of the last 10 days and is down by -4.68% for this period. Volume has increased on the last day by 167 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 417 thousand shares were bought and sold for approximately $1.82 million.
Given the current short-term trend, the cryptocurrency is expected to rise 4.98% during the next 3 months and, with a 90% probability hold a price between $4.59 and $7.46 at the end of this 3-month period.
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PLUUSD Signals & Forecast
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. The Pluton / 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 $4.68 and $5.27. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, March 15, 2024, and so far it has fallen -36.96%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the cryptocurrency should be followed more closely.
Support, Risk & Stop-loss for Pluton / US Dollar cryptocurrency
Pluton / US Dollar finds support from accumulated volume at $4.36 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 much during the day (volatility) and with a large prediction interval from the Bollinger Band this cryptocurrency is considered to be "high risk". During the last day, the cryptocurrency moved $0.249 between high and low, or 5.80%. For the last week, the cryptocurrency has had daily average volatility of 3.97%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (PLUUSD) For The Upcoming Trading Day Of Sunday 28th
For the upcoming trading day on Sunday, 28th we expect Pluton / US Dollar to open at $4.40, and during the day (based on 14 day Average True Range), to move between $4.06 and $4.68, which gives a possible trading interval of +/-$0.312 (+/-7.13%) up or down from last closing price. If Pluton / US Dollar takes out the full calculated possible swing range there will be an estimated 14.25% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $4.36 (0.17%) than the resistance at $4.89 (11.81%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Pluton / US Dollar cryptocurrency A Buy?
The Pluton / US Dollar cryptocurrency holds several negative signals and despite the positive trend, we believe Pluton / US Dollar will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this cryptocurrency.
Current score: -3.793 Sell Candidate Unchanged
Predicted Opening Price for Pluton / US Dollar of Sunday, April 28, 2024
| Fair opening price April 28, 2024 | Current price |
|---|---|
| $4.40 ( 0.641%) | $4.37 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PLUUSD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.65 | 6.33 % | |
| R2 | 4.55 | 4.16 % | ||
| R1 | 4.50 | 2.81 % | ||
| Current price: | 4.37 | |||
| Support | S1 | 4.31 | -1.53 % | |
| S2 | 4.25 | -2.87 % | ||
| S3 | 4.15 | -5.05 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.26 | 20.37 % | |
| R2 | 5.23 | 19.68 % | ||
| R1 | 4.89 | 11.81 % | ||
| Current price | 4.37 | |||
| Support | S1 | 4.36 | -0.166% | |
| S2 | 4.34 | -0.741% | ||
| S3 | 4.25 | -2.70% |
FAQ
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