Thales USD Cryptocurrency Forecast
Green day on Saturday for Thales USD cryptocurrency after gaining 0.89%
(Updated on Jun 01, 2024)
The Thales USD cryptocurrency price gained 0.89% on the last trading day (Saturday, 1st Jun 2024), rising from $0.291 to $0.293. During the last trading day the cryptocurrency fluctuated 1.32% from a day low at $0.289 to a day high of $0.293. The price has fallen in 6 of the last 10 days and is down by -6.3% for this period. Volume fell on the last day by -682 shares and in total, 7 thousand shares were bought and sold for approximately $1.96 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 middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the cryptocurrency is expected to fall -24.53% during the next 3 months and, with a 90% probability hold a price between $0.182 and $0.234 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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THALESUSD Signals & Forecast
The Thales USD cryptocurrency holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the cryptocurrency giving a positive forecast for the stock. On further gains, the cryptocurrency will meet resistance from the short-term Moving Average at approximately $0.296. On a fall, the cryptocurrency will find some support from the long-term average at approximately $0.289. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. A buy signal was issued from a pivot bottom point on Tuesday, May 14, 2024, and so far it has risen 12.14%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. 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.
Support, Risk & Stop-loss for Thales USD cryptocurrency
Thales USD finds support from accumulated volume at $0.287 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 $0.0038 between high and low, or 1.32%. For the last week the cryptocurrency has had daily average volatility of 2.06%.
Our recommended stop-loss: $0.282 (-3.76%) (This cryptocurrency has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 27 days ago.)
Trading Expectations (THALESUSD) For The Upcoming Trading Day Of Sunday 2nd
For the upcoming trading day on Sunday, 2nd we expect Thales USD to open at $0.292, and during the day (based on 14 day Average True Range), to move between $0.283 and $0.303, which gives a possible trading interval of +/-$0.0096 (+/-3.29%) up or down from last closing price. If Thales USD takes out the full calculated possible swing range there will be an estimated 6.58% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.287 (2.00%) than the resistance at $0.315 (7.51%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Thales USD cryptocurrency A Buy?
Thales USD holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.532 Hold/Accumulate Unchanged
Predicted Opening Price for Thales USD of Sunday, June 2, 2024
| Fair opening price June 2, 2024 | Current price |
|---|---|
| $0.292 ( 0.409%) | $0.293 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for THALESUSD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.296 | 0.89 % | |
| R2 | 0.294 | 0.396 % | ||
| R1 | 0.293 | 0.0884 % | ||
| Current price: | 0.293 | |||
| Support | S1 | 0.290 | -0.91 % | |
| S2 | 0.290 | -1.21 % | ||
| S3 | 0.288 | -1.71 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.365 | 24.52 % | |
| R2 | 0.356 | 21.38 % | ||
| R1 | 0.315 | 7.51 % | ||
| Current price | 0.293 | |||
| Support | S1 | 0.287 | -2.00% | |
| S2 | 0.283 | -3.57% | ||
| S3 | 0.274 | -6.48% |
FAQ
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