Synesis One USD Cryptocurrency Forecast
Volatile ride for Synesis One USD cryptocurrency price on Friday moving between $0.0610 and $0.0703
(Updated on Apr 26, 2024)
The Synesis One USD cryptocurrency price fell by -9.63% on the last day (Friday, 26th Apr 2024) from $0.0694 to $0.0627. It has now fallen 3 days in a row. During the last trading day the cryptocurrency fluctuated 15.27% from a day low at $0.0610 to a day high of $0.0703. The price has risen in 6 of the last 10 days and is up by 23.5% over the past 2 weeks. Volume has increased on the last day by 216 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 3 million shares were bought and sold for approximately $162.51 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 $0.0575 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 32.23% during the next 3 months and, with a 90% probability hold a price between $0.0760 and $0.314 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.
SNSUSD Signals & Forecast
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 Synesis One 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 $0.0755 and $0.0866. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, March 07, 2024, and so far it has fallen -69.25%. Further fall is indicated until a new bottom pivot has been found. Synesis One USD gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
Support, Risk & Stop-loss for Synesis One USD cryptocurrency
On the downside, the cryptocurrency finds support just below today's level from accumulated volume at $0.0583 and $0.0554. 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, Synesis One USD finds support just below today's level at $0.0583. If this is broken, then the next support from accumulated volume will be at $0.0554 and $0.0524.
This cryptocurrency may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this cryptocurrency is considered to be "very high risk". During the last day, the cryptocurrency moved $0.0093 between high and low, or 15.27%. For the last week, the cryptocurrency has had daily average volatility of 15.72%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SNSUSD) For The Upcoming Trading Day Of Saturday 27th
For the upcoming trading day on Saturday, 27th we expect Synesis One USD to open at $0.0647, and during the day (based on 14 day Average True Range), to move between $0.0498 and $0.0756, which gives a possible trading interval of +/-$0.0129 (+/-20.54%) up or down from last closing price. If Synesis One USD takes out the full calculated possible swing range there will be an estimated 41.09% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0654 (4.27%) than the support at $0.0583 (6.99%), 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 Synesis One USD cryptocurrency A Buy?
The Synesis One USD cryptocurrency holds several negative signals and despite the positive trend, we believe Synesis One USD will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this cryptocurrency.
Current score: -3.671 Sell Candidate Unchanged
Predicted Opening Price for Synesis One USD of Saturday, April 27, 2024
| Fair opening price April 27, 2024 | Current price |
|---|---|
| $0.0647 ( 3.14%) | $0.0627 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SNSUSD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0740 | 18.00 % | |
| R2 | 0.0704 | 12.32 % | ||
| R1 | 0.0682 | 8.82 % | ||
| Current price: | 0.0627 | |||
| Support | S1 | 0.0611 | -2.53 % | |
| S2 | 0.0589 | -6.04 % | ||
| S3 | 0.0554 | -11.71 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0768 | 22.54 % | |
| R2 | 0.0698 | 11.34 % | ||
| R1 | 0.0654 | 4.27 % | ||
| Current price | 0.0627 | |||
| Support | S1 | 0.0583 | -6.99% | |
| S2 | 0.0554 | -11.68% | ||
| S3 | 0.0524 | -16.45% |
FAQ
Click here for our free guide on how to buy Synesis One USD Cryptocurrency.
