RPS LEAGUE USD Cryptocurrency Forecast
RPS LEAGUE USD cryptocurrency upgraded to Hold/Accumulate.
(Updated on May 16, 2024)
No changes to the price of RPS LEAGUE USD cryptocurrency on the last trading day (Thursday, 16th May 2024). During the last trading day the cryptocurrency fluctuated 0% from a day low at $0.0041 to a day high of $0.0041. The price has fallen in 6 of the last 10 days and is down by -6.62% for this period.
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 -32.73% during the next 3 months and, with a 90% probability hold a price between $0.0007 and $0.0047 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
RPSUSD Signals & Forecast
There are mixed signals in the cryptocurrency today. The RPS LEAGUE 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 $0.0043 and $0.0045. A break-up above any of these levels will issue buy signals. 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. A buy signal was issued from a pivot bottom point on Tuesday, May 14, 2024, and so far it has risen 0.218%. 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).
Support, Risk & Stop-loss for RPS LEAGUE USD cryptocurrency
RPS LEAGUE USD finds support from accumulated volume at $0.0041 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 2.68%
Our recommended stop-loss: $0.0039 (-6.02%) (This cryptocurrency has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 2 days ago.)
Trading Expectations (RPSUSD) For The Upcoming Trading Day Of Friday 17th
For the upcoming trading day on Friday, 17th we expect RPS LEAGUE USD to open at $0.0041, and during the day (based on 14 day Average True Range), to move between $0.0040 and $0.0042, which gives a possible trading interval of +/-$0.00009416 (+/-2.28%) up or down from last closing price. If RPS LEAGUE USD takes out the full calculated possible swing range there will be an estimated 4.56% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0041 (0.22%) than the resistance at $0.0044 (7.34%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is RPS LEAGUE USD cryptocurrency A Buy?
RPS LEAGUE USD holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this cryptocurrency since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.000 Hold/Accumulate Upgraded
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for RPS LEAGUE USD of Friday, May 17, 2024
Fair opening price May 17, 2024 | Current price |
---|---|
$0.0041 ( 0%) | $0.0041 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for RPSUSD
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.0041 | . | |
R2 | 0.0041 | . | ||
R1 | 0.0041 | . | ||
Current price: | 0.0041 | |||
Support | S1 | 0.0041 | . | |
S2 | 0.0041 | . | ||
S3 | 0.0041 | . |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.0047 | 13.63 % | |
R2 | 0.0046 | 11.36 % | ||
R1 | 0.0044 | 7.34 % | ||
Current price | 0.0041 | |||
Support | S1 | 0.0041 | -0.218% | |
S2 | 0 | . | ||
S3 | 0 | . |
FAQ
Click here for our free guide on how to buy RPS LEAGUE USD Cryptocurrency.