StormX / US Dollar Cryptocurrency Forecast
Green day on Saturday for StormX / US Dollar
(Updated on May 04, 2024)
The StormX / US Dollar cryptocurrency price gained 3.88% on the last trading day (Saturday, 4th May 2024), rising from $0.0073 to $0.0076. During the last trading day the cryptocurrency fluctuated 6.09% from a day low at $0.0072 to a day high of $0.0076. The price has fallen in 6 of the last 10 days and is down by -7.55% for this period. Volume fell on the last day by -5 million shares and in total, 2 million shares were bought and sold for approximately $18.64 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
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 $0.0070 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 6.24% during the next 3 months and, with a 90% probability hold a price between $0.0075 and $0.0140 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 $0.0088. On a fall, the cryptocurrency will find some support from the short-term average at $0.0074. 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 -40.20%. Further fall is indicated until a new bottom pivot has been found. 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. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for StormX / US Dollar cryptocurrency
StormX / US Dollar finds support from accumulated volume at $0.0072 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 $0.0004 between high and low, or 6.09%. For the last week the cryptocurrency has had daily average volatility of 7.70%.
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 Sunday 5th
For the upcoming trading day on Sunday, 5th we expect StormX / US Dollar to open at $0.0075, and during the day (based on 14 day Average True Range), to move between $0.0069 and $0.0083, which gives a possible trading interval of +/-$0.0007 (+/-9.72%) up or down from last closing price. If StormX / US Dollar takes out the full calculated possible swing range there will be an estimated 19.43% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0077 (1.36%) than the support at $0.0072 (4.71%), 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 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: -2.922 Sell Candidate Unchanged
Predicted Opening Price for StormX / US Dollar of Sunday, May 5, 2024
| Fair opening price May 5, 2024 | Current price |
|---|---|
| $0.0075 ( 1.81%) | $0.0076 |
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 | 0.0079 | 3.94 % | |
| R2 | 0.0077 | 1.74 % | ||
| R1 | 0.0076 | 0.385 % | ||
| Current price: | 0.0076 | |||
| Support | S1 | 0.0073 | -4.01 % | |
| S2 | 0.0072 | -5.37 % | ||
| S3 | 0.0070 | -7.56 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0083 | 9.07 % | |
| R2 | 0.0078 | 2.05 % | ||
| R1 | 0.0077 | 1.36 % | ||
| Current price | 0.0076 | |||
| Support | S1 | 0.0072 | -4.71% | |
| S2 | 0.0072 | -5.29% | ||
| S3 | 0.0071 | -6.02% |
FAQ
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