Polylastic USD Cryptocurrency Forecast
Volatile ride for Polylastic USD cryptocurrency price on Saturday moving between $0.000024 and $0.000027
(Updated on May 18, 2024)
The Polylastic USD cryptocurrency price fell by -7.41% on the last day (Saturday, 18th May 2024) from $0.000027 to $0.000025. During the last trading day the cryptocurrency fluctuated 12.50% from a day low at $0.000024 to a day high of $0.000027. The price has been going up and down for this period, and there has been a 13.64% gain for the last 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 -12 thousand shares and in total, 144 thousand shares were bought and sold for approximately $3.60 .
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 -37.80% during the next 3 months and, with a 90% probability hold a price between $0.00001010 and $0.00002553 at the end of this 3-month period.
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POLXUSD Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, May 01, 2024, and so far it has risen 19.05%. Further rise is indicated until a new top pivot has been found. 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 Polylastic USD cryptocurrency holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $0.00002686 and $0.00002574. A break-up above any of these levels will issue buy signals. 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 Polylastic USD cryptocurrency
Polylastic USD finds support from accumulated volume at $0.000024 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 periodic low trading volume this cryptocurrency is considered to be "high risk". During the last day, the cryptocurrency moved $0.000003 between high and low, or 12.50%. For the last week the cryptocurrency has had daily average volatility of 4.04%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (POLXUSD) For The Upcoming Trading Day Of Sunday 19th
For the upcoming trading day on Sunday, 19th we expect Polylastic USD to open at $0.00002533, and during the day (based on 14 day Average True Range), to move between $0.00002260 and $0.00002740, which gives a possible trading interval of +/-$0.00000240 (+/-9.59%) up or down from last closing price. If Polylastic USD takes out the full calculated possible swing range there will be an estimated 19.18% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.000024 (4.00%) than the resistance at $0.000027 (8.00%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Polylastic USD cryptocurrency A Buy?
Polylastic 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. 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: -2.709 Sell Candidate Downgraded
Predicted Opening Price for Polylastic USD of Sunday, May 19, 2024
| Fair opening price May 19, 2024 | Current price |
|---|---|
| $0.00002533 ( 1.33%) | $0.000025 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for POLXUSD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.00002833 | 13.33 % | |
| R2 | 0.00002719 | 8.75 % | ||
| R1 | 0.00002648 | 5.92 % | ||
| Current price: | 0.000025 | |||
| Support | S1 | 0.00002419 | -3.25 % | |
| S2 | 0.00002348 | -6.08 % | ||
| S3 | 0.00002233 | -10.67 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.00003 | 20.00 % | |
| R2 | 0.000029 | 16.00 % | ||
| R1 | 0.000027 | 8.00 % | ||
| Current price | 0.000025 | |||
| Support | S1 | 0.000024 | -4.00% | |
| S2 | 0.000023 | -8.00% | ||
| S3 | 0.000022 | -12.00% |
FAQ
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