Oasis Network / US Dollar Cryptocurrency Forecast
Green day on Wednesday for Oasis Network / US Dollar cryptocurrency after gaining 0.0740%
(Updated on May 08, 2024)
The Oasis Network / US Dollar cryptocurrency price gained 0.0740% on the last trading day (Wednesday, 8th May 2024), rising from $0.0946 to $0.0947. During the last trading day the cryptocurrency fluctuated 4.26% from a day low at $0.0942 to a day high of $0.0982. The price has been going up and down for this period, and there has been a -4.72% loss for the last 2 weeks. Volume fell on the last day by -12 million shares and in total, 5 million shares were bought and sold for approximately $476.86 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
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 -25.03% during the next 3 months and, with a 90% probability hold a price between $0.0528 and $0.109 at the end of this 3-month period.
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ROSEUSD Signals & Forecast
A buy signal was issued from a pivot bottom point on Sunday, April 14, 2024, and so far it has risen 13.39%. 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. The Oasis Network / 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 $0.0953 and $0.104. A break-up above any of these levels will issue buy signals. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Support, Risk & Stop-loss for Oasis Network / US Dollar cryptocurrency
Oasis Network / US Dollar finds support from accumulated volume at $0.0925 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 $0.0040 between high and low, or 4.26%. For the last week the cryptocurrency has had daily average volatility of 5.74%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ROSEUSD) For The Upcoming Trading Day Of Thursday 9th
For the upcoming trading day on Thursday, 9th we expect Oasis Network / US Dollar to open at $0.0957, and during the day (based on 14 day Average True Range), to move between $0.0864 and $0.103, which gives a possible trading interval of +/-$0.0083 (+/-8.72%) up or down from last closing price. If Oasis Network / US Dollar takes out the full calculated possible swing range there will be an estimated 17.43% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0925 (2.35%) than the resistance at $0.0997 (5.31%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Oasis Network / US Dollar cryptocurrency A Buy?
Oasis Network / US Dollar 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: -3.351 Sell Candidate Unchanged
Predicted Opening Price for Oasis Network / US Dollar of Thursday, May 9, 2024
| Fair opening price May 9, 2024 | Current price |
|---|---|
| $0.0957 ( 1.07%) | $0.0947 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ROSEUSD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0997 | 5.30 % | |
| R2 | 0.0982 | 3.68 % | ||
| R1 | 0.0972 | 2.68 % | ||
| Current price: | 0.0947 | |||
| Support | S1 | 0.0942 | -0.551 % | |
| S2 | 0.0932 | -1.55 % | ||
| S3 | 0.0917 | -3.17 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.103 | 8.65 % | |
| R2 | 0.101 | 6.86 % | ||
| R1 | 0.0997 | 5.31 % | ||
| Current price | 0.0947 | |||
| Support | S1 | 0.0925 | -2.35% | |
| S2 | 0.0917 | -3.20% | ||
| S3 | 0.0852 | -10.02% |
FAQ
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