StakeWise USD Cryptocurrency Forecast
A very strong day for StakeWise USD cryptocurrency price on Saturday
(Updated on May 18, 2024)
The StakeWise USD cryptocurrency price gained 6.71% on the last trading day (Saturday, 18th May 2024), rising from $2,893.89 to $3,087.96. During the last trading day the cryptocurrency fluctuated 0.250% from a day low at $3,080.26 to a day high of $3,087.96. The price has been going up and down for this period, and there has been a 0.92% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 1 thousand more shares were traded than the day before. In total, 1 thousand shares were bought and sold for approximately $3.67 million.
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 -11.47% during the next 3 months and, with a 90% probability hold a price between $2,462.88 and $3,273.95 at the end of this 3-month period.
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RETH2USD Signals & Forecast
Mostly positive signals in the chart today. The StakeWise 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 $2,947.47 and $3,061.59. 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 7.47%. 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). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for StakeWise USD cryptocurrency
StakeWise USD finds support from accumulated volume at $3,085.19 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 $7.70 between high and low, or 0.250%. For the last week, the cryptocurrency has had daily average volatility of 0.106%.
Our recommended stop-loss: $2,921.45 (-5.39%) (This cryptocurrency has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 17 days ago.)
Trading Expectations (RETH2USD) For The Upcoming Trading Day Of Sunday 19th
For the upcoming trading day on Sunday, 19th we expect StakeWise USD to open at $3,085.39, and during the day (based on 14 day Average True Range), to move between $3,034.15 and $3,141.77, which gives a possible trading interval of +/-$53.81 (+/-1.74%) up or down from last closing price. If StakeWise USD takes out the full calculated possible swing range there will be an estimated 3.48% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $3,085.19 (0.09%) than the resistance at $3,148.94 (1.97%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is StakeWise 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 Hold/Accumulate to a Buy candidate.
Current score: 2.619 Buy Candidate Upgraded
Predicted Opening Price for StakeWise USD of Sunday, May 19, 2024
| Fair opening price May 19, 2024 | Current price |
|---|---|
| $3,085.39 ( 0.0831%) | $3,087.96 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for RETH2USD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3,093.09 | 0.166 % | |
| R2 | 3,090.15 | 0.0710 % | ||
| R1 | 3,088.33 | 0.0121 % | ||
| Current price: | 3,087.96 | |||
| Support | S1 | 3,082.45 | -0.178 % | |
| S2 | 3,080.63 | -0.237 % | ||
| S3 | 3,077.69 | -0.333 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3,697.48 | 19.74 % | |
| R2 | 3,362.08 | 8.88 % | ||
| R1 | 3,148.94 | 1.97 % | ||
| Current price | 3,087.96 | |||
| Support | S1 | 3,085.19 | -0.0896% | |
| S2 | 2,923.47 | -5.33% | ||
| S3 | 2,892.70 | -6.32% |
FAQ
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