Celestia USD Cryptocurrency Forecast
Celestia USD cryptocurrency downgraded to Strong Sell Candidate
(Updated on Jun 23, 2024)
The Celestia USD cryptocurrency price fell by -2.78% on the last day (Sunday, 23rd Jun 2024) from $6.34 to $6.16. It has now fallen 4 days in a row. During the last trading day the cryptocurrency fluctuated 7.71% from a day low at $6.08 to a day high of $6.55. The price has fallen in 7 of the last 10 days and is down by -22.87% for this period. Volume has increased on the last day by 5 million 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, 42 million shares were bought and sold for approximately $260.57 million.
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 -32.90% during the next 3 months and, with a 90% probability hold a price between $2.98 and $7.01 at the end of this 3-month period.
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TIAUSD Signals & Forecast
There are few to no technical positive signals at the moment. The Celestia 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 $6.53 and $8.95. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Sunday, June 02, 2024, and so far it has fallen -47.03%. 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). Volume rose on falling prices yesterday. This may be an early warning and the cryptocurrency should be followed more closely.
Support, Risk & Stop-loss for Celestia USD cryptocurrency
There is no support from accumulated volume below today's level and given the right condition the cryptocurrency may perform very badly in the next couple of days.
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 $0.469 between high and low, or 7.71%. For the last week, the cryptocurrency has had daily average volatility of 6.39%.
Celestia USD is oversold on RSI14 (19). Some cryptocurrencies may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (TIAUSD) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect Celestia USD to open at $6.27, and during the day (based on 14 day Average True Range), to move between $5.43 and $6.89, which gives a possible trading interval of +/-$0.728 (+/-11.82%) up or down from last closing price. If Celestia USD takes out the full calculated possible swing range there will be an estimated 23.64% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $6.27, some $0.109 (1.77%) from the current price of $6.16, our system finds the risk reward not very attractive.
Is Celestia USD cryptocurrency A Buy?
Celestia 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this cryptocurrency since the last evaluation from a Sell to a Strong Sell candidate.
Current score: -5.276 Strong Sell Candidate Downgraded
Predicted Opening Price for Celestia USD of Monday, June 24, 2024
| Fair opening price June 24, 2024 | Current price |
|---|---|
| $6.27 ( 1.71%) | $6.16 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TIAUSD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 6.73 | 9.32% |
| R2 | 6.56 | 6.41% |
| R1 | 6.44 | 4.62% |
| Price | 6.16 | |
| S1 | 6.09 | -1.20% |
| S2 | 5.98 | -3.00% |
| S3 | 5.80 | -5.91% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 7.52 | 22.14% |
| R2 | 6.55 | 6.27% |
| R1 | 6.27 | 1.77% |
| Price | 6.16 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
FAQ
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