Rarible / US Dollar Cryptocurrency Forecast

Rarible / US Dollar cryptocurrency price ended at $3.04 on Friday, after gaining 0.330%.
(Updated on May 17, 2024)

RARIUSD Signals & Forecast

Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Rarible / US Dollar cryptocurrency holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the cryptocurrency giving a more negative forecast for the stock. On further gains, the cryptocurrency will meet resistance from the long-term Moving Average at $3.54. On a fall, the cryptocurrency will find some support from the short-term average at $3.02. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Monday, April 08, 2024, and so far it has fallen -48.03%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for Rarible / US Dollar cryptocurrency

On the downside, the cryptocurrency finds support just below today's level from accumulated volume at $2.79 and $2.76. 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, Rarible / US Dollar finds support just below today's level at $2.79. If this is broken, then the next support from accumulated volume will be at $2.76 and $2.65.

This cryptocurrency may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this cryptocurrency is considered to be "high risk". During the last day, the cryptocurrency moved $0.160 between high and low, or 5.44%. For the last week, the cryptocurrency has had daily average volatility of 6.53%.

Our recommended stop-loss: $2.85 (-6.10%) (This cryptocurrency has high daily movements and this gives high risk. There is a sell signal from a pivot top found 39 days ago.)

Trading Expectations (RARIUSD) For The Upcoming Trading Day Of Saturday 18th

For the upcoming trading day on Saturday, 18th we expect Rarible / US Dollar to open at $3.03, and during the day (based on 14 day Average True Range), to move between $2.68 and $3.40, which gives a possible trading interval of +/-$0.355 (+/-11.69%) up or down from last closing price. If Rarible / US Dollar takes out the full calculated possible swing range there will be an estimated 23.39% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $3.12 (2.63%) than the support at $2.79 (8.22%), 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 Rarible / US Dollar cryptocurrency A Buy?

Rarible / US Dollar 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 Rarible / US Dollar of Saturday, May 18, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.