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Potentiam USD Cryptocurrency Forecast

$0.0153
+0.000092 (+0.605%)
At Close: Jun 16, 2024
RSI low/high Values: [ 20 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of PTMUSD
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Green day on Sunday for Potentiam USD
(Updated on Jun 16, 2024)

Sell candidate since Jun 13, 2024 Loss -0.27% PDF

The Potentiam USD cryptocurrency price gained 0.605% on the last trading day (Sunday, 16th Jun 2024), rising from $0.0152 to $0.0153. During the last trading day the cryptocurrency fluctuated 1.04% from a day low at $0.0152 to a day high of $0.0153. The price has been going up and down for this period, and there has been a -5.32% loss for the last 2 weeks.

The cryptocurrency is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Potentiam USD cryptocurrency with a 90% probability to be traded between $0.0134 and $0.0166 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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PTMUSD Signals & Forecast

There are few to no technical positive signals at the moment. The Potentiam 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 $0.0154 and $0.0156. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, June 05, 2024, and so far it has fallen -6.72%. 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 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 Potentiam USD cryptocurrency

Potentiam USD finds support from accumulated volume at $0.0152 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 controlled movements and therefore the general risk is considered 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 $0.0002 between high and low, or 1.04%. For the last week the cryptocurrency has had daily average volatility of 2.49%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (PTMUSD) For The Upcoming Trading Day Of Monday 17th

For the upcoming trading day on Monday, 17th we expect Potentiam USD to open at $0.0153, and during the day (based on 14 day Average True Range), to move between $0.0149 and $0.0157, which gives a possible trading interval of +/-$0.0004 (+/-2.65%) up or down from last closing price. If Potentiam USD takes out the full calculated possible swing range there will be an estimated 5.29% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.0153 (0.27%) than the support at $0.0152 (0.74%), 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 Potentiam USD cryptocurrency A Buy?

Potentiam USD holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this cryptocurrency.

Current score: -4.498 Sell Candidate Unchanged

Predicted Opening Price for Potentiam USD of Monday, June 17, 2024

Fair opening price June 17, 2024 Current price
$0.0153 ( 0.153%) $0.0153

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
R3 0.0154 0.88%
R2 0.0154 0.486%
R1 0.0153 0.242%
Price 0.0153
S1 0.0152 -0.547%
S2 0.0152 -0.791%
S3 0.0151 -1.19%

Accumulated Volume Support & Resistance Levels

Level Price
R3 0.0158 3.00%
R2 0.0156 1.78%
R1 0.0153 0.275%
Price 0.0153
S1 0.0152 -0.739%
S2 0.0149 -2.43%
S3 0.0147 -3.93%

FAQ

What is the symbol for Potentiam USD Cryptocurrency and on which exchange is it traded?
The symbol for Potentiam USD is PTMUSD and it is traded on the CRYPTO (Cryptocurrencies).

Should I buy or sell Potentiam USD Cryptocurrency?
Potentiam USD holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this cryptocurrency.

How to buy Potentiam USD Cryptocurrency?
Potentiam USD Cryptocurrency can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Potentiam USD Cryptocurrency.

What's the current price of Potentiam USD Cryptocurrency?
As of the end of day on the Jun 16, 2024, the price of an Potentiam USD (PTMUSD) share was $0.0153.

What is the 52-week high and low for Potentiam USD Cryptocurrency?
The 52-week high for Potentiam USD Cryptocurrency is $0.0182 and the 52-week low is $0.0078.
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