Receive Access Ecosystem USD Cryptocurrency Forecast
Strong day for Receive Access Ecosystem USD cryptocurrency price on Tuesday rising 5.80% to $1.11
(Updated on Jun 25, 2024)
The Receive Access Ecosystem USD cryptocurrency price gained 5.80% on the last trading day (Tuesday, 25th Jun 2024), rising from $1.05 to $1.11. It has now gained 4 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 9.12% from a day low at $1.11 to a day high of $1.21. The price has risen in 8 of the last 10 days and is up by 18.68% 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, 17 thousand more shares were traded than the day before. In total, 24 thousand shares were bought and sold for approximately $26.58 thousand.
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 $1.20 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 -12.60% during the next 3 months and, with a 90% probability hold a price between $0.638 and $1.05 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
RAEUSD Signals & Forecast
The Receive Access Ecosystem 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 $1.04 and $1.08. 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). Receive Access Ecosystem 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 27, 2024, and so far it has fallen -11.32%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Receive Access Ecosystem USD cryptocurrency
Receive Access Ecosystem USD finds support from accumulated volume at $1.11 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 $0.102 between high and low, or 9.12%. For the last week, the cryptocurrency has had daily average volatility of 10.55%.
Our recommended stop-loss: $1.05 (-5.92%) (This cryptocurrency has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 36 days ago.)
Trading Expectations (RAEUSD) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Receive Access Ecosystem USD to open at $1.15, and during the day (based on 14 day Average True Range), to move between $1.02 and $1.20, which gives a possible trading interval of +/-$0.0922 (+/-8.28%) up or down from last closing price. If Receive Access Ecosystem USD takes out the full calculated possible swing range there will be an estimated 16.57% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $1.11 (0.26%) than the resistance at $1.16 (4.36%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Receive Access Ecosystem 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. We have upgraded our analysis conclusion for this cryptocurrency since the last evaluation from a Sell to a Buy candidate.
Current score: 1.985 Buy Candidate Upgraded
Predicted Opening Price for Receive Access Ecosystem USD of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $1.15 ( 3.04%) | $1.11 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for RAEUSD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.25 | 12.16% |
| R2 | 1.21 | 8.68% |
| R1 | 1.19 | 6.52% |
| Price | 1.11 | |
| S1 | 1.11 | -0.444% |
| S2 | 1.08 | -2.60% |
| S3 | 1.05 | -6.08% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.27 | 13.75% |
| R2 | 1.21 | 8.48% |
| R1 | 1.16 | 4.36% |
| Price | 1.11 | |
| S1 | 1.11 | -0.261% |
| S2 | 1.07 | -3.85% |
| S3 | 1.05 | -5.81% |
FAQ
Click here for our free guide on how to buy Receive Access Ecosystem USD Cryptocurrency.
