Source Token USD Cryptocurrency Forecast
Source Token USD cryptocurrency upgraded from Hold/Accumulate to Buy Candidate after Tuesday trading session.
(Updated on Apr 30, 2024)
The Source Token USD cryptocurrency price fell by -0.0767% on the last day (Tuesday, 30th Apr 2024) from $0.0078 to $0.0078. During the last trading day the cryptocurrency fluctuated 0.205% from a day low at $0.0078 to a day high of $0.0078. The price has fallen in 7 of the last 10 days and is down by -0.18% 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 -4 shares and in total, 23 thousand shares were bought and sold for approximately $181.78 .
The cryptocurrency lies in the lower part of a very wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.0071 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 3.34% during the next 3 months and, with a 90% probability hold a price between $0.0073 and $0.0518 at the end of this 3-month period.
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SRCXUSD Signals & Forecast
Mostly positive signals in the chart today. Some may claim that when the sun shines too bright there is rain ahead, but you should always take into consideration the time of the year. The cryptocurrency had a Golden Star Signal on Wednesday, August 09, 2023 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the cryptocurrency in question.
Golden Star 12 Months
The cryptocurrency had a Golden Star Signal on Wednesday, August 09, 2023 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the cryptocurrency in question.
Support, Risk & Stop-loss for Source Token USD cryptocurrency
On the downside, the cryptocurrency finds support just below today's level from accumulated volume at $0.0071 and $0.0064. 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, Source Token USD finds support just below today's level at $0.0071. If this is broken, then the next support from accumulated volume will be at $0.0064 and $0.0060.
In general the cryptocurrency tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the cryptocurrency During the last day, the cryptocurrency moved $0.000016 between high and low, or 0.205%. For the last week the cryptocurrency has had daily average volatility of 0.151%
Our recommended stop-loss: $0.0073 (-6.80%) (This cryptocurrency has low daily movements and this gives low risk. There is a sell signal from a pivot top found 49 days ago.)
Trading Expectations (SRCXUSD) For The Upcoming Trading Day Of Wednesday 1st
For the upcoming trading day on Wednesday, 1st we expect Source Token USD to open at $0.0078, and during the day (based on 14 day Average True Range), to move between $0.0076 and $0.0080, which gives a possible trading interval of +/-$0.0002 (+/-2.38%) up or down from last closing price. If Source Token USD takes out the full calculated possible swing range there will be an estimated 4.77% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0078 (0.14%) than the support at $0.0071 (9.16%), 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 Source Token USD cryptocurrency A Buy?
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period. We have upgraded our analysis conclusion for this cryptocurrency since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.397 Buy Candidate Upgraded
Predicted Opening Price for Source Token USD of Wednesday, May 1, 2024
Fair opening price May 1, 2024 | Current price |
---|---|
$0.0078 ( 0.0512%) | $0.0078 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SRCXUSD
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.0078 | 0.256 % | |
R2 | 0.0078 | 0.178 % | ||
R1 | 0.0078 | 0.129 % | ||
Current price: | 0.0078 | |||
Support | S1 | 0.0078 | -0.0270 % | |
S2 | 0.0078 | -0.0753 % | ||
S3 | 0.0078 | -0.153 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.0078 | 0.166 % | |
R2 | 0.0078 | 0.153 % | ||
R1 | 0.0078 | 0.141 % | ||
Current price | 0.0078 | |||
Support | S1 | 0.0071 | -9.16% | |
S2 | 0.0064 | -18.72% | ||
S3 | 0.0060 | -22.94% |
FAQ
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