Polylastic USD Cryptocurrency Forecast
Red day on Saturday for Polylastic USD cryptocurrency after losing 0%
(Updated on Jun 01, 2024)
No changes to the price of Polylastic USD cryptocurrency on the last trading day (Saturday, 1st Jun 2024). During the last trading day the cryptocurrency fluctuated 9.09% from a day low at $0.000022 to a day high of $0.000024. The price has fallen in 5 of the last 10 days and is down by -14.81% for this period.
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 -46.20% during the next 3 months and, with a 90% probability hold a price between $0.00000595 and $0.00001828 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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POLXUSD Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, May 01, 2024, and so far it has risen 9.52%. Further rise is indicated until a new top pivot has been found. 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. 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 $0.00002486 and $0.00002509. 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). Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". 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 $0.000022 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This cryptocurrency has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the cryptocurrency moved $0.000002 between high and low, or 9.09%. For the last week the cryptocurrency has had daily average volatility of 6.04%.
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 2nd
For the upcoming trading day on Sunday, 2nd we expect Polylastic USD to open at $0.000023, and during the day (based on 14 day Average True Range), to move between $0.00002129 and $0.00002471, which gives a possible trading interval of +/-$0.00000171 (+/-7.44%) up or down from last closing price. If Polylastic USD takes out the full calculated possible swing range there will be an estimated 14.88% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.000024 (4.35%) than the support at $0.000022 (4.35%), 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 Polylastic USD cryptocurrency A Buy?
Polylastic USD 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: -2.167 Sell Candidate Unchanged
Predicted Opening Price for Polylastic USD of Sunday, June 2, 2024
| Fair opening price June 2, 2024 | Current price |
|---|---|
| $0.000023 ( 0%) | $0.000023 |
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 | 0.000025 | 8.70 % | |
| R2 | 0.00002424 | 5.37 % | ||
| R1 | 0.00002376 | 3.32 % | ||
| Current price: | 0.000023 | |||
| Support | S1 | 0.00002224 | -3.32 % | |
| S2 | 0.00002176 | -5.37 % | ||
| S3 | 0.000021 | -8.70 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.000027 | 17.39 % | |
| R2 | 0.000026 | 13.04 % | ||
| R1 | 0.000024 | 4.35 % | ||
| Current price | 0.000023 | |||
| Support | S1 | 0.000022 | -4.35% | |
| S2 | 0.000021 | -8.70% | ||
| S3 | 0 | . |
FAQ
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