SaucerSwap USD Cryptocurrency Forecast
Red day on Saturday for SaucerSwap USD
(Updated on Jun 29, 2024)
The SaucerSwap USD cryptocurrency price fell by -0.180% on the last day (Saturday, 29th Jun 2024) from $0.0599 to $0.0598. During the last trading day the cryptocurrency fluctuated 2.75% from a day low at $0.0593 to a day high of $0.0609. The price has fallen in 7 of the last 10 days but is still up by 0.56% over the past 2 weeks. Volume fell on the last day along with the cryptocurrency, which is actually a good sign as volume should follow the cryptocurrency. On the last day, the trading volume fell by -45 thousand shares and in total, 3 million shares were bought and sold for approximately $157.63 thousand.
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 -42.36% during the next 3 months and, with a 90% probability hold a price between $0.0251 and $0.0530 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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SAUCEUSD Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, June 18, 2024, and so far it has risen 15.74%. 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 SaucerSwap USD 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 $0.0729. On a fall, the cryptocurrency will find some support from the short-term average at $0.0593. 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. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this cryptocurrency may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for SaucerSwap USD cryptocurrency
SaucerSwap USD finds support from accumulated volume at $0.0595 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This cryptocurrency may move much during the day (volatility) and with periodic low trading volume this cryptocurrency is considered to be "high risk". During the last day, the cryptocurrency moved $0.0016 between high and low, or 2.75%. For the last week the cryptocurrency has had daily average volatility of 9.95%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SAUCEUSD) For The Upcoming Trading Day Of Sunday 30th
For the upcoming trading day on Sunday, 30th we expect SaucerSwap USD to open at $0.0600, and during the day (based on 14 day Average True Range), to move between $0.0541 and $0.0655, which gives a possible trading interval of +/-$0.0057 (+/-9.58%) up or down from last closing price. If SaucerSwap USD takes out the full calculated possible swing range there will be an estimated 19.17% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0599 (0.14%) than the support at $0.0595 (0.56%), 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 SaucerSwap USD cryptocurrency A Buy?
SaucerSwap USD 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: -1.442 Sell Candidate Unchanged
Predicted Opening Price for SaucerSwap USD of Sunday, June 30, 2024
| Fair opening price June 30, 2024 | Current price |
|---|---|
| $0.0600 ( 0.321%) | $0.0598 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SAUCEUSD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0616 | 3.04% |
| R2 | 0.0610 | 2.00% |
| R1 | 0.0606 | 1.36% |
| Price | 0.0598 | |
| S1 | 0.0594 | -0.719% |
| S2 | 0.0590 | -1.36% |
| S3 | 0.0584 | -2.40% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0614 | 2.65% |
| R2 | 0.0599 | 0.181% |
| R1 | 0.0599 | 0.140% |
| Price | 0.0598 | |
| S1 | 0.0595 | -0.560% |
| S2 | 0.0594 | -0.682% |
| S3 | 0.0578 | -3.32% |
FAQ
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