Propy / US Dollar Cryptocurrency Forecast

Propy / US Dollar cryptocurrency price ended at $2.98 on Friday, after losing 0.781%.
(Updated on Apr 26, 2024)

PROUSD Signals & Forecast

A sell signal was issued from a pivot top point on Friday, April 19, 2024, and so far it has fallen -18.41%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the cryptocurrency should be followed more closely. Some positive signals were issued as well, and these may have some influence on the near short-term development. The Propy / US Dollar cryptocurrency holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the cryptocurrency giving a positive forecast for the stock. On further gains, the cryptocurrency will meet resistance from the short-term Moving Average at approximately $3.12. On a fall, the cryptocurrency will find some support from the long-term average at approximately $2.57. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal.

Support, Risk & Stop-loss for Propy / US Dollar cryptocurrency

On the downside, the cryptocurrency finds support just below today's level from accumulated volume at $2.74 and $2.65. 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, Propy / US Dollar finds support just below today's level at $2.74. If this is broken, then the next support from accumulated volume will be at $2.65 and $2.33.

This cryptocurrency may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this cryptocurrency is considered to be "very high risk". During the last day, the cryptocurrency moved $0.0482 between high and low, or 1.63%. For the last week, the cryptocurrency has had daily average volatility of 8.67%.

Our recommended stop-loss: $2.82 (-5.14%) (This cryptocurrency has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 7 days ago.)

Trading Expectations (PROUSD) For The Upcoming Trading Day Of Saturday 27th

For the upcoming trading day on Saturday, 27th we expect Propy / US Dollar to open at $2.98, and during the day (based on 14 day Average True Range), to move between $2.59 and $3.37, which gives a possible trading interval of +/-$0.390 (+/-13.10%) up or down from last closing price. If Propy / US Dollar takes out the full calculated possible swing range there will be an estimated 26.21% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $2.74 (7.88%) than the resistance at $3.42 (14.82%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Propy / US Dollar cryptocurrency A Buy?

Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period.

Current score: 3.718 Buy Candidate Unchanged

Predicted Opening Price for Propy / US Dollar of Saturday, April 27, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.