Augur / US Dollar Cryptocurrency Forecast
Volatile ride for Augur / US Dollar cryptocurrency price on Thursday moving between $1.18 and $1.30
(Updated on Apr 18, 2024)
The Augur / US Dollar cryptocurrency price fell by -3.91% on the last day (Thursday, 18th Apr 2024) from $1.33 to $1.28. It has now fallen 8 days in a row. During the last trading day the cryptocurrency fluctuated 10.45% from a day low at $1.18 to a day high of $1.30. The price has fallen in 8 of the last 10 days and is down by -13.77% for this period. 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 -96 thousand shares and in total, 603 thousand shares were bought and sold for approximately $770.48 thousand.
Given the current short-term trend, the cryptocurrency is expected to rise 38.39% during the next 3 months and, with a 90% probability hold a price between $1.77 and $2.67 at the end of this 3-month period.
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REPUSD Signals & Forecast
There are few to no technical positive signals at the moment. The Augur / US Dollar 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 $1.38 and $1.56. 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 25, 2024, and so far it has fallen -28.08%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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.
Support, Risk & Stop-loss for Augur / US Dollar cryptocurrency
On the downside, the cryptocurrency finds support just below today's level from accumulated volume at $1.21 and $1.16. 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, Augur / US Dollar finds support just below today's level at $1.21. If this is broken, then the next support from accumulated volume will be at $1.16 and $1.04.
This cryptocurrency may move much during the day (volatility) and with periodic low trading volume this cryptocurrency is considered to be "high risk". During the last day, the cryptocurrency moved $0.123 between high and low, or 10.45%. For the last week the cryptocurrency has had daily average volatility of 7.30%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (REPUSD) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Augur / US Dollar to open at $1.25, and during the day (based on 14 day Average True Range), to move between $1.12 and $1.44, which gives a possible trading interval of +/-$0.158 (+/-12.40%) up or down from last closing price. If Augur / US Dollar takes out the full calculated possible swing range there will be an estimated 24.80% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $1.21 (5.32%) than the resistance at $1.40 (9.23%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Augur / US Dollar cryptocurrency A Buy?
The Augur / US Dollar cryptocurrency holds several negative signals and despite the positive trend, we believe Augur / US Dollar will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this cryptocurrency.
Current score: -1.786 Sell Candidate Unchanged
Predicted Opening Price for Augur / US Dollar of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $1.25 ( 2.06%) | $1.28 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for REPUSD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.37 | 7.56 % | |
| R2 | 1.33 | 3.89 % | ||
| R1 | 1.30 | 1.62 % | ||
| Current price: | 1.28 | |||
| Support | S1 | 1.20 | -5.74 % | |
| S2 | 1.18 | -8.01 % | ||
| S3 | 1.13 | -11.68 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.58 | 23.71 % | |
| R2 | 1.55 | 21.52 % | ||
| R1 | 1.40 | 9.23 % | ||
| Current price | 1.28 | |||
| Support | S1 | 1.21 | -5.32% | |
| S2 | 1.16 | -9.00% | ||
| S3 | 1.04 | -18.31% |
FAQ
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