Reserve Rights / US Dollar Cryptocurrency Forecast
Reserve Rights / US Dollar cryptocurrency price ended at $0.0063 on Sunday, after gaining 2.79%.
(Updated on May 05, 2024)
The Reserve Rights / US Dollar cryptocurrency price gained 2.79% on the last trading day (Sunday, 5th May 2024), rising from $0.0062 to $0.0063. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the cryptocurrency fluctuated 4.10% from a day low at $0.0062 to a day high of $0.0065. The price has been going up and down for this period, and there has been a -0.33% loss 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, 33 million more shares were traded than the day before. In total, 40 million shares were bought and sold for approximately $252.23 thousand.
The cryptocurrency lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.0056 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the cryptocurrency is expected to rise 71.57% during the next 3 months and, with a 90% probability hold a price between $0.0096 and $0.0227 at the end of this 3-month period.
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RSRUSD Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Reserve Rights / US Dollar has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Reserve Rights / US Dollar cryptocurrency holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the cryptocurrency giving a more negative forecast for the stock. On further gains, the cryptocurrency will meet resistance from the long-term Moving Average at $0.0074. On a fall, the cryptocurrency will find some support from the short-term average at $0.0058. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Tuesday, April 02, 2024, and so far it has fallen -43.16%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Reserve Rights / US Dollar cryptocurrency
On the downside, the cryptocurrency finds support just below today's level from accumulated volume at $0.0060 and $0.0059. 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, Reserve Rights / US Dollar finds support just below today's level at $0.0060. If this is broken, then the next support from accumulated volume will be at $0.0059 and $0.0050.
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 $0.0003 between high and low, or 4.10%. For the last week, the cryptocurrency has had daily average volatility of 10.72%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (RSRUSD) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Reserve Rights / US Dollar to open at $0.0064, and during the day (based on 14 day Average True Range), to move between $0.0056 and $0.0071, which gives a possible trading interval of +/-$0.0007 (+/-11.65%) up or down from last closing price. If Reserve Rights / US Dollar takes out the full calculated possible swing range there will be an estimated 23.29% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0064 (0.14%) than the support at $0.0060 (5.56%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Reserve Rights / US Dollar cryptocurrency A Buy?
Reserve Rights / US Dollar holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this cryptocurrency.
Current score: -1.618 Sell Candidate Unchanged
Predicted Opening Price for Reserve Rights / US Dollar of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $0.0064 ( 0.0998%) | $0.0063 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for RSRUSD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0066 | 4.12 % | |
| R2 | 0.0065 | 2.58 % | ||
| R1 | 0.0064 | 1.64 % | ||
| Current price: | 0.0063 | |||
| Support | S1 | 0.0063 | -1.44 % | |
| S2 | 0.0062 | -2.38 % | ||
| S3 | 0.0061 | -3.92 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0075 | 17.76 % | |
| R2 | 0.0067 | 5.63 % | ||
| R1 | 0.0064 | 0.142 % | ||
| Current price | 0.0063 | |||
| Support | S1 | 0.0060 | -5.56% | |
| S2 | 0.0059 | -6.46% | ||
| S3 | 0.0050 | -20.52% |
FAQ
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