Privatix USD Cryptocurrency Forecast
Privatix USD cryptocurrency price up 0.590% on Saturday
(Updated on Jun 29, 2024)
The Privatix USD cryptocurrency price gained 0.590% on the last trading day (Saturday, 29th Jun 2024), rising from $0.0298 to $0.0300. During the last trading day the cryptocurrency fluctuated 0.92% from a day low at $0.0299 to a day high of $0.0301. The price has fallen in 6 of the last 10 days but is still up by 2.88% over the past 2 weeks.
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 $0.0322 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Due to the high volatility and the trend direction we are not able to give forecast range for this stock. 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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PRIXUSD Signals & Forecast
The Privatix USD cryptocurrency holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the cryptocurrency has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $0.0261 and $0.0296. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, June 27, 2024, and so far it has risen 144.33%. 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. 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.
Support, Risk & Stop-loss for Privatix USD cryptocurrency
On the downside, the cryptocurrency finds support just below today's level from accumulated volume at $0.0281 and $0.0279. 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, Privatix USD finds support just below today's level at $0.0281. If this is broken, then the next support from accumulated volume will be at $0.0279 and $0.0274.
In general the cryptocurrency tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the cryptocurrency During the last day, the cryptocurrency moved $0.0003 between high and low, or 0.92%. For the last week the cryptocurrency has had daily average volatility of 56.61%
Our recommended stop-loss: $0.0290 (-3.50%) (This cryptocurrency has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 4 days ago.)
Trading Expectations (PRIXUSD) For The Upcoming Trading Day Of Sunday 30th
For the upcoming trading day on Sunday, 30th we expect Privatix USD to open at $0.0300, and during the day (based on 14 day Average True Range), to move between $0.0270 and $0.0330, which gives a possible trading interval of +/-$0.0030 (+/-9.92%) up or down from last closing price. If Privatix USD takes out the full calculated possible swing range there will be an estimated 19.85% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0301 (0.34%) than the support at $0.0281 (6.30%), 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 Privatix USD cryptocurrency A Buy?
Privatix USD holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Privatix USD of Sunday, June 30, 2024
| Fair opening price June 30, 2024 | Current price |
|---|---|
| $0.0300 ( 0.0733%) | $0.0300 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PRIXUSD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0303 | 0.84% |
| R2 | 0.0302 | 0.491% |
| R1 | 0.0301 | 0.275% |
| Price | 0.0300 | |
| S1 | 0.0299 | -0.422% |
| S2 | 0.0298 | -0.637% |
| S3 | 0.0297 | -0.99% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0316 | 5.27% |
| R2 | 0.0305 | 1.53% |
| R1 | 0.0301 | 0.343% |
| Price | 0.0300 | |
| S1 | 0.0281 | -6.30% |
| S2 | 0.0279 | -7.02% |
| S3 | 0.0274 | -8.69% |
FAQ
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