Ripio Credit Network USD Cryptocurrency Forecast
Ripio Credit Network USD cryptocurrency price down 1.42% on Tuesday
(Updated on May 28, 2024)
The Ripio Credit Network USD cryptocurrency price fell by -1.42% on the last day (Tuesday, 28th May 2024) from $0.0020 to $0.0019. During the last trading day the cryptocurrency fluctuated 4.54% from a day low at $0.0019 to a day high of $0.0020. The price has fallen in 6 of the last 10 days but is still up by 4.02% over the past 2 weeks. Volume fell on the last day along with the cryptocurrency, which is actually a good sign as volume should follow the cryptocurrency. On the last day, the trading volume fell by -75 shares and in total, 419 shares were bought and sold for approximately $0.81 .
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 -27.77% during the next 3 months and, with a 90% probability hold a price between $0.0010 and $0.0018 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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RCNUSD Signals & Forecast
The Ripio Credit Network 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 $0.0019 and $0.0018. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, May 01, 2024, and so far it has risen 12.13%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this cryptocurrency may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Ripio Credit Network USD cryptocurrency
Ripio Credit Network USD finds support from accumulated volume at $0.0019 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, but be aware of low or falling volume as this increases the risk. During the last day, the cryptocurrency moved $0.000086 between high and low, or 4.54%. For the last week the cryptocurrency has had daily average volatility of 2.79%.
Our recommended stop-loss: $0.0019 (-3.64%) (This cryptocurrency has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 51 days ago.)
Trading Expectations (RCNUSD) For The Upcoming Trading Day Of Wednesday 29th
For the upcoming trading day on Wednesday, 29th we expect Ripio Credit Network USD to open at $0.0019, and during the day (based on 14 day Average True Range), to move between $0.0019 and $0.0020, which gives a possible trading interval of +/-$0.00008602 (+/-4.43%) up or down from last closing price. If Ripio Credit Network USD takes out the full calculated possible swing range there will be an estimated 8.86% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0019 (0.88%) than the resistance at $0.0023 (16.18%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Ripio Credit Network 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.
Current score: 1.569 Buy Candidate Unchanged
Predicted Opening Price for Ripio Credit Network USD of Wednesday, May 29, 2024
| Fair opening price May 29, 2024 | Current price |
|---|---|
| $0.0019 ( 0.0687%) | $0.0019 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for RCNUSD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0020 | 4.36 % | |
| R2 | 0.0020 | 2.67 % | ||
| R1 | 0.0020 | 1.62 % | ||
| Current price: | 0.0019 | |||
| Support | S1 | 0.0019 | -1.76 % | |
| S2 | 0.0019 | -2.81 % | ||
| S3 | 0.0019 | -4.50 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0024 | 21.54 % | |
| R2 | 0.0023 | 18.03 % | ||
| R1 | 0.0023 | 16.18 % | ||
| Current price | 0.0019 | |||
| Support | S1 | 0.0019 | -0.88% | |
| S2 | 0.0018 | -8.81% | ||
| S3 | 0.0018 | -9.38% |
FAQ
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