Revault Network USD Cryptocurrency Forecast

Stronger technical forecast for Revault Network USD cryptocurrency price after Monday trading.
(Updated on Jun 24, 2024)

REVAUSD Signals & Forecast

A buy signal was issued from a pivot bottom point on Sunday, June 23, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Revault Network 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 $0.0372 and $0.0418. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Revault Network 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.

In general the cryptocurrency tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the cryptocurrency During the last day, the cryptocurrency moved $0 between high and low, or 0%. For the last week the cryptocurrency has had daily average volatility of 1.21%

Revault Network USD is oversold on RSI14 (16). Some cryptocurrencies may drop long and hard while being oversold on RSI before turning, which increases the general risk.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (REVAUSD) For The Upcoming Trading Day Of Tuesday 25th

For the upcoming trading day on Tuesday, 25th we expect Revault Network USD to open at $0.0366, and during the day (based on 14 day Average True Range), to move between $0.0357 and $0.0376, which gives a possible trading interval of +/-$0.0009 (+/-2.54%) up or down from last closing price. If Revault Network USD takes out the full calculated possible swing range there will be an estimated 5.08% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ $0.0376, some $0.0009 (2.48%) from the current price of $0.0366, our system finds the risk reward not very attractive.

Is Revault Network USD cryptocurrency A Buy?

Revault Network 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. We have upgraded our analysis conclusion for this cryptocurrency since the last evaluation from a Strong Sell to a Sell candidate.

Current score: -2.075 Sell Candidate Upgraded

Predicted Opening Price for Revault Network USD of Tuesday, June 25, 2024

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