Scopuly USD Cryptocurrency Forecast
A very strong day for Scopuly USD cryptocurrency price on Tuesday
(Updated on Jun 25, 2024)
The Scopuly USD cryptocurrency price gained 9.04% on the last trading day (Tuesday, 25th Jun 2024), rising from $0.0159 to $0.0174. During the last trading day the cryptocurrency fluctuated 7.53% from a day low at $0.0162 to a day high of $0.0175. The price has risen in 8 of the last 10 days and is up by 26.07% over the past 2 weeks.
Given the current short-term trend, the cryptocurrency is expected to fall -25.61% during the next 3 months and, with a 90% probability hold a price between $0.0094 and $0.0129 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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SCOPUSD Signals & Forecast
The Scopuly USD cryptocurrency holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $0.0153 and $0.0146. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, June 18, 2024, and so far it has risen 32.70%. 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. 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 not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Scopuly USD cryptocurrency
On the downside, the cryptocurrency finds support just below today's level from accumulated volume at $0.0159 and $0.0147. 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, Scopuly USD finds support just below today's level at $0.0159. If this is broken, then the next support from accumulated volume will be at $0.0147 and $0.0138.
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 $0.0012 between high and low, or 7.53%. For the last week the cryptocurrency has had daily average volatility of 8.13%.
Our recommended stop-loss: $0.0168 (-3.12%) (This cryptocurrency has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 62 days ago.)
Trading Expectations (SCOPUSD) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Scopuly USD to open at $0.0170, and during the day (based on 14 day Average True Range), to move between $0.0164 and $0.0184, which gives a possible trading interval of +/-$0.0010 (+/-5.73%) up or down from last closing price. If Scopuly USD takes out the full calculated possible swing range there will be an estimated 11.45% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0159 (8.29%) than the resistance at $0.0193 (11.23%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Scopuly USD cryptocurrency A Buy?
Scopuly USD holds several positive signals and despite the cryptocurrency being in a falling trend, we considered it to be a good choice at these current levels. We expect Scopuly USD cryptocurrency will perform very well in the next 3 months. We have upgraded our analysis conclusion for this cryptocurrency since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 5.362 Strong Buy Candidate Upgraded
Predicted Opening Price for Scopuly USD of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $0.0170 ( 2.08%) | $0.0174 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SCOPUSD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0182 | 4.95% |
| R2 | 0.0178 | 2.27% |
| R1 | 0.0175 | 0.607% |
| Price | 0.0174 | |
| S1 | 0.0166 | -4.76% |
| S2 | 0.0163 | -6.42% |
| S3 | 0.0158 | -9.11% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0201 | 15.90% |
| R2 | 0.0200 | 15.28% |
| R1 | 0.0193 | 11.23% |
| Price | 0.0174 | |
| S1 | 0.0159 | -8.29% |
| S2 | 0.0147 | -15.52% |
| S3 | 0.0138 | -20.79% |
FAQ
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