POTENT USD Cryptocurrency Forecast
POTENT USD cryptocurrency price ended at $0.0003 on Saturday, after losing 0%.
(Updated on May 18, 2024)
No changes to the price of POTENT USD cryptocurrency on the last trading day (Saturday, 18th May 2024). During the last trading day the cryptocurrency fluctuated 0% from a day low at $0.0003 to a day high of $0.0003. The price has risen in 5 of the last 10 days and is up by 25.46% over the past 2 weeks.
The cryptocurrencyhas broken the very wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is $0.0002, a level that may pose a second chance to hit a runner. According to fan-theory $0.0004 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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PTTUSD Signals & Forecast
The POTENT 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 $0.0003 and $0.0002. 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 Saturday, April 20, 2024, and so far it has fallen -5.57%. Further fall is indicated until a new bottom pivot has been found. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for POTENT USD cryptocurrency
On the downside, the cryptocurrency finds support just below today's level from accumulated volume at $0.0002 and $0.0002. 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, POTENT USD finds support just below today's level at $0.0002. If this is broken, then the next support from accumulated volume will be at $0.0002 and $0.0002.
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 between high and low, or 0%. For the last week the cryptocurrency has had daily average volatility of 0.749%.
Our recommended stop-loss: $0.0003 (-4.73%) (This cryptocurrency has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 28 days ago.)
Trading Expectations (PTTUSD) For The Upcoming Trading Day Of Sunday 19th
For the upcoming trading day on Sunday, 19th we expect POTENT USD to open at $0.0003, and during the day (based on 14 day Average True Range), to move between $0.0002 and $0.0003, which gives a possible trading interval of +/-$0.00002211 (+/-8.16%) up or down from last closing price. If POTENT USD takes out the full calculated possible swing range there will be an estimated 16.32% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0003 (3.69%) than the support at $0.0002 (12.18%), 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 POTENT USD cryptocurrency A Buy?
POTENT 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: -0.771 Hold/Accumulate Unchanged
Predicted Opening Price for POTENT USD of Sunday, May 19, 2024
Fair opening price May 19, 2024 | Current price |
---|---|
$0.0003 ( 0%) | $0.0003 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PTTUSD
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.0003 | . | |
R2 | 0.0003 | . | ||
R1 | 0.0003 | . | ||
Current price: | 0.0003 | |||
Support | S1 | 0.0003 | . | |
S2 | 0.0003 | . | ||
S3 | 0.0003 | . |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.0003 | 9.23 % | |
R2 | 0.0003 | 5.54 % | ||
R1 | 0.0003 | 3.69 % | ||
Current price | 0.0003 | |||
Support | S1 | 0.0002 | -12.18% | |
S2 | 0.0002 | -14.39% | ||
S3 | 0.0002 | -20.30% |
FAQ
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