Potentiam USD Cryptocurrency Forecast
Potentiam USD cryptocurrency price up 3.60% on Saturday
(Updated on May 25, 2024)
The Potentiam USD cryptocurrency price gained 3.60% on the last trading day (Saturday, 25th May 2024), rising from $0.0154 to $0.0159. During the last trading day the cryptocurrency fluctuated 1.45% from a day low at $0.0158 to a day high of $0.0160. The price has been going up and down for this period, and there has been a 4.56% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 6 more shares were traded than the day before. In total, 6 shares were bought and sold for approximately $0.0954 .
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 $0.0163 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the cryptocurrency is expected to fall -4.39% during the next 3 months and, with a 90% probability hold a price between $0.0124 and $0.0155 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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PTMUSD Signals & Forecast
The Potentiam USD cryptocurrency holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $0.0157 and $0.0148. 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). Potentiam 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. 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 Monday, May 20, 2024, and so far it has fallen -0.98%. Further fall is indicated until a new bottom pivot has been found. The cryptocurrency had a Golden Star Signal on Saturday, April 06, 2024 in the short-term chart.
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 Saturday, April 06, 2024 in the short-term chart.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 Potentiam USD cryptocurrency
Potentiam USD finds support from accumulated volume at $0.0155 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This cryptocurrency has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the cryptocurrency moved $0.0002 between high and low, or 1.45%. For the last week, the cryptocurrency has had daily average volatility of 2.36%.
Our recommended stop-loss: $0.0151 (-4.85%) (This cryptocurrency has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 85 days ago.)
Trading Expectations (PTMUSD) For The Upcoming Trading Day Of Sunday 26th
For the upcoming trading day on Sunday, 26th we expect Potentiam USD to open at $0.0159, and during the day (based on 14 day Average True Range), to move between $0.0154 and $0.0164, which gives a possible trading interval of +/-$0.0005 (+/-3.15%) up or down from last closing price. If Potentiam USD takes out the full calculated possible swing range there will be an estimated 6.31% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0155 (2.78%) than the resistance at $0.0167 (5.21%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Potentiam USD cryptocurrency A Buy?
Potentiam 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 Potentiam USD of Sunday, May 26, 2024
| Fair opening price May 26, 2024 | Current price |
|---|---|
| $0.0159 ( 0.111%) | $0.0159 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PTMUSD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0161 | 1.33 % | |
| R2 | 0.0160 | 0.779 % | ||
| R1 | 0.0160 | 0.439 % | ||
| Current price: | 0.0159 | |||
| Support | S1 | 0.0158 | -0.661 % | |
| S2 | 0.0157 | -1.00 % | ||
| S3 | 0.0157 | -1.55 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0170 | 6.67 % | |
| R2 | 0.0170 | 6.62 % | ||
| R1 | 0.0167 | 5.21 % | ||
| Current price | 0.0159 | |||
| Support | S1 | 0.0155 | -2.78% | |
| S2 | 0.0149 | -6.13% | ||
| S3 | 0.0120 | -24.50% |
FAQ
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