AngelBlock USD Cryptocurrency Forecast
AngelBlock USD cryptocurrency upgraded to Sell Candidate.
(Updated on May 20, 2024)
The AngelBlock USD cryptocurrency price fell by -0.318% on the last day (Monday, 20th May 2024) from $0.0255 to $0.0254. During the last trading day the cryptocurrency fluctuated 8.24% from a day low at $0.0237 to a day high of $0.0257. The price has fallen in 6 of the last 10 days and is down by -12.3% for this period. Volume has increased on the last day by 13 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 239 thousand shares were bought and sold for approximately $6.06 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 $0.0220 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the cryptocurrency is expected to fall -37.40% during the next 3 months and, with a 90% probability hold a price between $0.0138 and $0.0250 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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THOLUSD Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, May 14, 2024, and so far it has risen 7.73%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The AngelBlock USD 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 $0.0256 and $0.0321. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). AngelBlock USD gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for AngelBlock USD cryptocurrency
On the downside, the cryptocurrency finds support just below today's level from accumulated volume at $0.0236. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $ may give a huge drop in the cryptocurrency price.
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 $0.0020 between high and low, or 8.24%. For the last week, the cryptocurrency has had daily average volatility of 5.69%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (THOLUSD) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect AngelBlock USD to open at $0.0249, and during the day (based on 14 day Average True Range), to move between $0.0230 and $0.0278, which gives a possible trading interval of +/-$0.0024 (+/-9.52%) up or down from last closing price. If AngelBlock USD takes out the full calculated possible swing range there will be an estimated 19.04% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0264 (4.13%) than the support at $0.0236 (7.18%), 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 AngelBlock USD cryptocurrency A Buy?
AngelBlock USD holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this cryptocurrency. We have upgraded our analysis conclusion for this cryptocurrency since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -3.059 Sell Candidate Upgraded
Predicted Opening Price for AngelBlock USD of Tuesday, May 21, 2024
| Fair opening price May 21, 2024 | Current price |
|---|---|
| $0.0249 ( 1.89%) | $0.0254 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for THOLUSD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0269 | 5.80 % | |
| R2 | 0.0261 | 2.86 % | ||
| R1 | 0.0257 | 1.05 % | ||
| Current price: | 0.0254 | |||
| Support | S1 | 0.0242 | -4.83 % | |
| S2 | 0.0237 | -6.64 % | ||
| S3 | 0.0230 | -9.58 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0290 | 14.03 % | |
| R2 | 0.0280 | 10.44 % | ||
| R1 | 0.0264 | 4.13 % | ||
| Current price | 0.0254 | |||
| Support | S1 | 0.0236 | -7.18% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
FAQ
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