PowerTrade Fuel USD Cryptocurrency Forecast
Green day on Sunday for PowerTrade Fuel USD
(Updated on May 19, 2024)
The PowerTrade Fuel USD cryptocurrency price gained 0.553% on the last trading day (Sunday, 19th May 2024), rising from $0.0105 to $0.0105. During the last trading day the cryptocurrency fluctuated 0.114% from a day low at $0.0105 to a day high of $0.0106. The price has risen in 6 of the last 10 days but is still down by -24.35% for this period. Volume fell on the last day by -17 thousand shares and in total, 137 thousand shares were bought and sold for approximately $1.45 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
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 -42.03% during the next 3 months and, with a 90% probability hold a price between $0.0036 and $0.0075 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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PTFUSD Signals & Forecast
The PowerTrade Fuel 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 $0.0098 and $0.0098. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Thursday, May 09, 2024, and so far it has fallen -24.35%. Further fall is indicated until a new bottom pivot has been found. 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 PowerTrade Fuel USD cryptocurrency
PowerTrade Fuel USD finds support from accumulated volume at $0.0105 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This cryptocurrency may move very much during the day (volatility) and with periodic low trading volume this cryptocurrency is considered to be "very high risk". During the last day, the cryptocurrency moved $0.000012 between high and low, or 0.114%. For the last week the cryptocurrency has had daily average volatility of 4.34%.
Our recommended stop-loss: $0.0100 (-4.88%) (This cryptocurrency has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 17 days ago.)
Trading Expectations (PTFUSD) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect PowerTrade Fuel USD to open at $0.0105, and during the day (based on 14 day Average True Range), to move between $0.0097 and $0.0114, which gives a possible trading interval of +/-$0.0009 (+/-8.23%) up or down from last closing price. If PowerTrade Fuel USD takes out the full calculated possible swing range there will be an estimated 16.47% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0105 (0.55%) than the resistance at $0.0117 (11.32%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is PowerTrade Fuel USD cryptocurrency A Buy?
Several short-term signals are positive, despite the cryptocurrency being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for cryptocurrency to perform well in the short-term.
Current score: 1.547 Buy Candidate Unchanged
Predicted Opening Price for PowerTrade Fuel USD of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| $0.0105 ( 0.0190%) | $0.0105 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PTFUSD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0106 | 0.133 % | |
| R2 | 0.0106 | 0.0893 % | ||
| R1 | 0.0105 | 0.0625 % | ||
| Current price: | 0.0105 | |||
| Support | S1 | 0.0105 | -0.0245 % | |
| S2 | 0.0105 | -0.0514 % | ||
| S3 | 0.0105 | -0.0949 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0120 | 13.48 % | |
| R2 | 0.0117 | 11.42 % | ||
| R1 | 0.0117 | 11.32 % | ||
| Current price | 0.0105 | |||
| Support | S1 | 0.0105 | -0.550% | |
| S2 | 0.0100 | -5.02% | ||
| S3 | 0.0097 | -7.80% |
FAQ
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