QiSwap / US Dollar Cryptocurrency Forecast
Volatile ride for QiSwap / US Dollar cryptocurrency price on Friday moving between $0.0186 and $0.0236
(Updated on May 31, 2024)
The QiSwap / US Dollar cryptocurrency price gained 4.84% on the last trading day (Friday, 31st May 2024), rising from $0.0190 to $0.0199. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the cryptocurrency fluctuated 26.88% from a day low at $0.0186 to a day high of $0.0236. The price has risen in 6 of the last 10 days and is up by 3.91% 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, 200 thousand more shares were traded than the day before. In total, 415 thousand shares were bought and sold for approximately $8.28 thousand.
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 -32.28% during the next 3 months and, with a 90% probability hold a price between $0.0025 and $0.0171 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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QIUSD Signals & Forecast
Mostly positive signals in the chart today. The QiSwap / US Dollar 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 $0.0187 and $0.0171. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, May 17, 2024, and so far it has risen 256.04%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). QiSwap / US Dollar 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.
Support, Risk & Stop-loss for QiSwap / US Dollar cryptocurrency
QiSwap / US Dollar finds support from accumulated volume at $0.0196 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 a very large prediction interval from the Bollinger Band this cryptocurrency is considered to be "very high risk". During the last day, the cryptocurrency moved $0.0050 between high and low, or 26.88%. For the last week, the cryptocurrency has had daily average volatility of 11.05%.
The QiSwap / US Dollar cryptocurrency is extremely overbought on RSI14 (86). This increases the short-term risk substantially.
Our recommended stop-loss: $0.0193 (-3.28%) (This cryptocurrency has very high daily movements and this gives very high risk. The RSI14 is 86 and this increases the risk substantially. There is a buy signal from a pivot bottom found 79 days ago.)
Trading Expectations (QIUSD) For The Upcoming Trading Day Of Saturday 1st
For the upcoming trading day on Saturday, 1st we expect QiSwap / US Dollar to open at $0.0207, and during the day (based on 14 day Average True Range), to move between $0.0177 and $0.0222, which gives a possible trading interval of +/-$0.0022 (+/-11.14%) up or down from last closing price. If QiSwap / US Dollar takes out the full calculated possible swing range there will be an estimated 22.28% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0196 (1.52%) than the resistance at $0.0216 (8.48%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is QiSwap / US Dollar 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: 4.280 Buy Candidate Unchanged
Predicted Opening Price for QiSwap / US Dollar of Saturday, June 1, 2024
| Fair opening price June 1, 2024 | Current price |
|---|---|
| $0.0207 ( 3.77%) | $0.0199 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for QIUSD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0257 | 28.80 % | |
| R2 | 0.0238 | 19.23 % | ||
| R1 | 0.0226 | 13.33 % | ||
| Current price: | 0.0199 | |||
| Support | S1 | 0.0188 | -5.80 % | |
| S2 | 0.0176 | -11.70 % | ||
| S3 | 0.0157 | -21.26 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0236 | 18.36 % | |
| R2 | 0.0229 | 14.74 % | ||
| R1 | 0.0216 | 8.48 % | ||
| Current price | 0.0199 | |||
| Support | S1 | 0.0196 | -1.52% | |
| S2 | 0.0177 | -11.08% | ||
| S3 | 0.0174 | -12.99% |
FAQ
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