Radiant Capital USD Cryptocurrency Forecast
Radiant Capital USD cryptocurrency price down 3.72% on Wednesday
(Updated on May 01, 2024)
The Radiant Capital USD cryptocurrency price fell by -3.72% on the last day (Wednesday, 1st May 2024) from $0.184 to $0.177. It has now fallen 3 days in a row. During the last trading day the cryptocurrency fluctuated 8.91% from a day low at $0.167 to a day high of $0.182. The price has fallen in 7 of the last 10 days and is down by -18.63% for this period. Volume has increased on the last day by 5 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 24 million shares were bought and sold for approximately $4.23 million.
The cryptocurrency lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.156 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the cryptocurrency is expected to fall -26.48% during the next 3 months and, with a 90% probability hold a price between $0.115 and $0.253 at the end of this 3-month period.
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RDNTUSD Signals & Forecast
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. The Radiant Capital USD cryptocurrency holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $0.199 and $0.257. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, March 11, 2024, and so far it has fallen -57.58%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the cryptocurrency should be followed more closely.
Support, Risk & Stop-loss for Radiant Capital USD cryptocurrency
There is no support from accumulated volume below today's level and given the right condition the cryptocurrency may perform very badly in the next couple of days.
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 $0.0149 between high and low, or 8.91%. For the last week, the cryptocurrency has had daily average volatility of 6.88%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (RDNTUSD) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect Radiant Capital USD to open at $0.175, and during the day (based on 14 day Average True Range), to move between $0.160 and $0.193, which gives a possible trading interval of +/-$0.0165 (+/-9.36%) up or down from last closing price. If Radiant Capital USD takes out the full calculated possible swing range there will be an estimated 18.72% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $0.208, some $0.0307 (17.37%) from the current price of $0.177, our system finds the risk reward not very attractive.
Is Radiant Capital USD cryptocurrency A Buy?
Radiant Capital USD holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this cryptocurrency.
Current score: -8.001 Strong Sell Candidate Unchanged
Predicted Opening Price for Radiant Capital USD of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| $0.175 ( 0.81%) | $0.177 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for RDNTUSD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.190 | 7.62 % | |
| R2 | 0.185 | 4.40 % | ||
| R1 | 0.181 | 2.41 % | ||
| Current price: | 0.177 | |||
| Support | S1 | 0.170 | -4.03 % | |
| S2 | 0.166 | -6.02 % | ||
| S3 | 0.160 | -9.24 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.213 | 20.57 % | |
| R2 | 0.213 | 20.56 % | ||
| R1 | 0.208 | 17.37 % | ||
| Current price | 0.177 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
FAQ
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