Stratis / US Dollar Cryptocurrency Forecast
Green day on Friday for Stratis / US Dollar cryptocurrency after gaining 0.81%
(Updated on Apr 26, 2024)
The Stratis / US Dollar cryptocurrency price gained 0.81% on the last trading day (Friday, 26th Apr 2024), rising from $0.0859 to $0.0866. During the last trading day the cryptocurrency fluctuated 6.48% from a day low at $0.0818 to a day high of $0.0871. The price has risen in 7 of the last 10 days and is up by 8.52% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 695 thousand more shares were traded than the day before. In total, 729 thousand shares were bought and sold for approximately $63.14 thousand.
The cryptocurrency lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at -$0.0855 is broken, it will firstly indicate a stronger fall rate. Due to the high volatility and the trend direction we are not able to give forecast range for this stock.
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STRAXUSD Signals & Forecast
There are mixed signals in the cryptocurrency today. The Stratis / US Dollar 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 $0.0890 and $0.223. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Sunday, April 14, 2024, and so far it has risen 8.66%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Stratis / 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 Stratis / US Dollar cryptocurrency
Stratis / US Dollar finds support from accumulated volume at $0.0832 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 $0.0053 between high and low, or 6.48%. For the last week, the cryptocurrency has had daily average volatility of 6.34%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (STRAXUSD) For The Upcoming Trading Day Of Saturday 27th
For the upcoming trading day on Saturday, 27th we expect Stratis / US Dollar to open at $0.0852, and during the day (based on 14 day Average True Range), to move between $0.0565 and $0.117, which gives a possible trading interval of +/-$0.0301 (+/-34.76%) up or down from last closing price. If Stratis / US Dollar takes out the full calculated possible swing range there will be an estimated 69.52% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0899 (3.81%) than the support at $0.0832 (3.93%), 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 Stratis / US Dollar cryptocurrency A Buy?
Stratis / 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: -4.118 Sell Candidate Unchanged
Predicted Opening Price for Stratis / US Dollar of Saturday, April 27, 2024
| Fair opening price April 27, 2024 | Current price |
|---|---|
| $0.0852 ( 1.66%) | $0.0866 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for STRAXUSD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0905 | 4.46 % | |
| R2 | 0.0884 | 2.13 % | ||
| R1 | 0.0872 | 0.683 % | ||
| Current price: | 0.0866 | |||
| Support | S1 | 0.0831 | -3.99 % | |
| S2 | 0.0819 | -5.44 % | ||
| S3 | 0.0799 | -7.78 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0922 | 6.47 % | |
| R2 | 0.0915 | 5.66 % | ||
| R1 | 0.0899 | 3.81 % | ||
| Current price | 0.0866 | |||
| Support | S1 | 0.0832 | -3.93% | |
| S2 | 0.0798 | -7.85% | ||
| S3 | 0.0797 | -7.97% |
FAQ
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