StormX / US Dollar Cryptocurrency Forecast
Green day on Tuesday for StormX / US Dollar cryptocurrency after gaining 4.33%
(Updated on Apr 23, 2024)
The StormX / US Dollar cryptocurrency price gained 4.33% on the last trading day (Tuesday, 23rd Apr 2024), rising from $0.0080 to $0.0083. During the last trading day the cryptocurrency fluctuated 6.11% from a day low at $0.0079 to a day high of $0.0084. The price has been going up and down for this period, and there has been a -6.64% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 9 million more shares were traded than the day before. In total, 10 million shares were bought and sold for approximately $82.15 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 $0.0073 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 29.22% during the next 3 months and, with a 90% probability hold a price between $0.0094 and $0.0183 at the end of this 3-month period.
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STMXUSD Signals & Forecast
There are mixed signals in the cryptocurrency today. The StormX / US Dollar 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 $0.0099. On a fall, the cryptocurrency will find some support from the short-term average at $0.0077. 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. A sell signal was issued from a pivot top point on Thursday, March 14, 2024, and so far it has fallen -34.58%. 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). StormX / US Dollar has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for StormX / US Dollar cryptocurrency
StormX / US Dollar finds support from accumulated volume at $0.0083 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 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 $0.0005 between high and low, or 6.11%. For the last week, the cryptocurrency has had daily average volatility of 10.77%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (STMXUSD) For The Upcoming Trading Day Of Wednesday 24th
For the upcoming trading day on Wednesday, 24th we expect StormX / US Dollar to open at $0.0082, and during the day (based on 14 day Average True Range), to move between $0.0074 and $0.0093, which gives a possible trading interval of +/-$0.0010 (+/-11.55%) up or down from last closing price. If StormX / US Dollar takes out the full calculated possible swing range there will be an estimated 23.11% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0083 (0.30%) than the resistance at $0.0097 (16.21%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is StormX / US Dollar cryptocurrency A Buy?
StormX / US Dollar 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: -3.500 Sell Candidate Unchanged
Predicted Opening Price for StormX / US Dollar of Wednesday, April 24, 2024
| Fair opening price April 24, 2024 | Current price |
|---|---|
| $0.0082 ( 1.33%) | $0.0083 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for STMXUSD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0087 | 4.48 % | |
| R2 | 0.0085 | 2.26 % | ||
| R1 | 0.0084 | 0.89 % | ||
| Current price: | 0.0083 | |||
| Support | S1 | 0.0080 | -3.55 % | |
| S2 | 0.0079 | -4.92 % | ||
| S3 | 0.0077 | -7.14 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0103 | 23.57 % | |
| R2 | 0.0101 | 21.39 % | ||
| R1 | 0.0097 | 16.21 % | ||
| Current price | 0.0083 | |||
| Support | S1 | 0.0083 | -0.301% | |
| S2 | 0.0077 | -7.35% | ||
| S3 | 0.0072 | -12.90% |
FAQ
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