Sether USD Cryptocurrency Forecast
Sether USD cryptocurrency price ended at $3,651.23 on Monday, after losing 1.39%.
(Updated on Jun 10, 2024)
The Sether USD cryptocurrency price fell by -1.39% on the last day (Monday, 10th Jun 2024) from $3,702.52 to $3,651.23. During the last trading day the cryptocurrency fluctuated 1.85% from a day low at $3,644.84 to a day high of $3,712.26. The price has fallen in 6 of the last 10 days and is down by -2.89% for this period. 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 -26 thousand shares and in total, 1 thousand shares were bought and sold for approximately $5.47 million.
The cryptocurrency is moving within a very wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Sether USD cryptocurrency with a 90% probability to be traded between $2,853.53 and $3,901.27 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and cryptocurrencies seldom manage to go directly from the bottom of a trend up to the top. Cryptocurrencies turning up in the middle of a horizontal trend are therefore considered to be potential runners.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
SETHUSD Signals & Forecast
The Sether USD cryptocurrency holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the cryptocurrency giving a positive forecast for the stock. On further gains, the cryptocurrency will meet resistance from the short-term Moving Average at approximately $3,745.61. On a fall, the cryptocurrency will find some support from the long-term average at approximately $3,447.60. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, June 05, 2024, and so far it has fallen -6.01%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Sether USD cryptocurrency
Sether USD finds support from accumulated volume at $3,525.62 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 with good liquidity the risk is considered very low in this stock. During the last day, the cryptocurrency moved $67.42 between high and low, or 1.85%. For the last week the cryptocurrency has had daily average volatility of 2.31%.
Our recommended stop-loss: $3,462.79 (-5.16%) (This cryptocurrency has low daily movements and this gives low risk. There is a sell signal from a pivot top found 27 days ago.)
Trading Expectations (SETHUSD) For The Upcoming Trading Day Of Tuesday 11th
For the upcoming trading day on Tuesday, 11th we expect Sether USD to open at $3,669.44, and during the day (based on 14 day Average True Range), to move between $3,546.21 and $3,756.25, which gives a possible trading interval of +/-$105.02 (+/-2.88%) up or down from last closing price. If Sether USD takes out the full calculated possible swing range there will be an estimated 5.75% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $3,752.75 (2.78%) than the support at $3,525.62 (3.44%), 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 Sether USD cryptocurrency A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Sether USD cryptocurrency to perform well in the short-term period.
Current score: 1.476 Buy Candidate Unchanged
Predicted Opening Price for Sether USD of Tuesday, June 11, 2024
| Fair opening price June 11, 2024 | Current price |
|---|---|
| $3,669.44 ( 0.499%) | $3,651.23 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SETHUSD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 3,736.86 | 2.35% |
| R2 | 3,711.11 | 1.64% |
| R1 | 3,695.20 | 1.20% |
| Price | 3,651.23 | |
| S1 | 3,643.69 | -0.207% |
| S2 | 3,627.78 | -0.642% |
| S3 | 3,602.02 | -1.35% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 3,992.67 | 9.35% |
| R2 | 3,893.56 | 6.64% |
| R1 | 3,752.75 | 2.78% |
| Price | 3,651.23 | |
| S1 | 3,525.62 | -3.44% |
| S2 | 3,432.28 | -6.00% |
| S3 | 2,986.05 | -18.22% |
FAQ
Click here for our free guide on how to buy Sether USD Cryptocurrency.
