PrivaCoin USD Cryptocurrency Forecast
Green day on Saturday for PrivaCoin USD cryptocurrency after gaining 0.128%
(Updated on Jun 22, 2024)
The PrivaCoin USD cryptocurrency price gained 0.128% on the last trading day (Saturday, 22nd Jun 2024), rising from $0.0008 to $0.0008. During the last trading day the cryptocurrency fluctuated 0.90% from a day low at $0.0008 to a day high of $0.0008. The price has risen in 4 of the last 10 days and is up by 0.13% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 43 more shares were traded than the day before. In total, 4 thousand shares were bought and sold for approximately $2.91 .
The cryptocurrency is moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect PrivaCoin USD cryptocurrency with a 90% probability to be traded between $0.0008 and $0.0008 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and cryptocurrencies seldom manage to go directly from the bottom of a trend up to the top. Cryptocurrencies turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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PRVCUSD Signals & Forecast
There are mixed signals in the cryptocurrency today. The PrivaCoin USD cryptocurrency holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the cryptocurrency giving a more negative forecast for the stock. On further gains, the cryptocurrency will meet resistance from the long-term Moving Average at $0.0008. On a fall, the cryptocurrency will find some support from the short-term average at $0.0008. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Wednesday, June 19, 2024, and so far it has fallen 0%. 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). PrivaCoin USD has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. The cryptocurrency had a Golden Star Signal on Wednesday, May 01, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Tuesday, May 14, 2024.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the cryptocurrency in question.
Golden Star
The cryptocurrency had a Golden Star Signal on Wednesday, May 01, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Tuesday, May 14, 2024.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the cryptocurrency in question.
Golden Star 12 Months
The cryptocurrency had a Golden Star Signal on Wednesday, May 01, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Tuesday, May 14, 2024.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the cryptocurrency in question.
Support, Risk & Stop-loss for PrivaCoin USD cryptocurrency
PrivaCoin USD finds support from accumulated volume at $0.0008 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the cryptocurrency tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the cryptocurrency moved $0.000007 between high and low, or 0.90%. For the last week the cryptocurrency has had daily average volatility of 0.721%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (PRVCUSD) For The Upcoming Trading Day Of Sunday 23rd
For the upcoming trading day on Sunday, 23rd we expect PrivaCoin USD to open at $0.0008, and during the day (based on 14 day Average True Range), to move between $0.0008 and $0.0008, which gives a possible trading interval of +/-$0.00000506 (+/-0.65%) up or down from last closing price. If PrivaCoin USD takes out the full calculated possible swing range there will be an estimated 1.30% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0008 (0.13%) than the support at $0.0008 (0.13%), 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 PrivaCoin USD cryptocurrency A Buy?
PrivaCoin 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: -2.832 Sell Candidate Unchanged
Predicted Opening Price for PrivaCoin USD of Sunday, June 23, 2024
| Fair opening price June 23, 2024 | Current price |
|---|---|
| $0.0008 ( 0.128%) | $0.0008 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PRVCUSD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0008 | 0.767% |
| R2 | 0.0008 | 0.425% |
| R1 | 0.0008 | 0.214% |
| Price | 0.0008 | |
| S1 | 0.0008 | -0.470% |
| S2 | 0.0008 | -0.681% |
| S3 | 0.0008 | -1.02% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0008 | 0.384% |
| R2 | 0.0008 | 0.256% |
| R1 | 0.0008 | 0.128% |
| Price | 0.0008 | |
| S1 | 0.0008 | -0.128% |
| S2 | 0.0008 | -0.256% |
| S3 | 0.0008 | -0.512% |
FAQ
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