PREMA USD Cryptocurrency Forecast
Red day on Thursday for PREMA USD cryptocurrency after losing 0%
(Updated on May 16, 2024)
No changes to the price of PREMA USD cryptocurrency on the last trading day (Thursday, 16th May 2024). During the last trading day the cryptocurrency fluctuated 0% from a day low at $0.000001 to a day high of $0.000001. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks.
The cryptocurrency lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.00000078 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the cryptocurrency is expected to fall -5.68% during the next 3 months and, with a 90% probability hold a price between $0.00000074 and $0.00000365 at the end of this 3-month period.
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PRMXUSD Signals & Forecast
There are mixed signals in the cryptocurrency today. The PREMA 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 $0.000001 and $0.00000109. A break-up above any of these levels will issue buy signals. 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. A buy signal was issued from a pivot bottom point on Wednesday, May 01, 2024, and so far it has fallen 0%. 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).
Support, Risk & Stop-loss for PREMA USD cryptocurrency
There is no support from accumulated volume below today's level and given the right condition the cryptocurrency may perform very badly in the next couple of days.
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 between high and low, or 0%. For the last week the cryptocurrency has had daily average volatility of 0%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (PRMXUSD) For The Upcoming Trading Day Of Friday 17th
For the upcoming trading day on Friday, 17th we expect PREMA USD to open at $0.000001, and during the day (based on 14 day Average True Range), to move between $0.00000089 and $0.00000111, which gives a possible trading interval of +/-$0.00000011 (+/-10.79%) up or down from last closing price. If PREMA USD takes out the full calculated possible swing range there will be an estimated 21.57% move between the lowest and the highest trading price during the day.
Is PREMA USD cryptocurrency A Buy?
PREMA 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.
Current score: -1.622 Sell Candidate Unchanged
Predicted Opening Price for PREMA USD of Friday, May 17, 2024
| Fair opening price May 17, 2024 | Current price |
|---|---|
| $0.000001 ( 0%) | $0.000001 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PRMXUSD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.000001 | . | |
| R2 | 0.000001 | . | ||
| R1 | 0.000001 | . | ||
| Current price: | 0.000001 | |||
| Support | S1 | 0.000001 | . | |
| S2 | 0.000001 | . | ||
| S3 | 0.000001 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 0.000001 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
FAQ
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