TokenBot USD Cryptocurrency Forecast
Big movements in TokenBot USD cryptocurrency price on Sunday moving 23.08% between high and low
(Updated on May 19, 2024)
The TokenBot USD cryptocurrency price gained 6.29% on the last trading day (Sunday, 19th May 2024), rising from $0.0001 to $0.0002. During the last trading day the cryptocurrency fluctuated 23.08% from a day low at $0.0001 to a day high of $0.0002. The price has fallen in 5 of the last 10 days and is down by -7.32% for this period. Volume fell on the last day by -2 thousand shares and in total, 56 thousand shares were bought and sold for approximately $8.46 . 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 -43.19% during the next 3 months and, with a 90% probability hold a price between $0.00004479 and $0.0001 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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TKBUSD Signals & Forecast
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. The TokenBot 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 $0.0002 and $0.0002. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, May 03, 2024, and so far it has fallen -17.39%. 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.
Support, Risk & Stop-loss for TokenBot USD cryptocurrency
TokenBot USD finds support from accumulated volume at $0.0001 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 much during the day (volatility) and with periodic low trading volume this cryptocurrency is considered to be "high risk". During the last day, the cryptocurrency moved $0.00003 between high and low, or 23.08%. For the last week the cryptocurrency has had daily average volatility of 17.58%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (TKBUSD) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect TokenBot USD to open at $0.0001, and during the day (based on 14 day Average True Range), to move between $0.0001 and $0.0002, which gives a possible trading interval of +/-$0.00002801 (+/-18.43%) up or down from last closing price. If TokenBot USD takes out the full calculated possible swing range there will be an estimated 36.86% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0002 (1.32%) than the support at $0.0001 (3.29%), 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 TokenBot USD cryptocurrency A Buy?
TokenBot 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.
Current score: -1.511 Sell Candidate Unchanged
Predicted Opening Price for TokenBot USD of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| $0.0001 ( 3.07%) | $0.0002 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TKBUSD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0002 | 16.67 % | |
| R2 | 0.0002 | 9.13 % | ||
| R1 | 0.0002 | 4.47 % | ||
| Current price: | 0.0002 | |||
| Support | S1 | 0.0001 | -10.61 % | |
| S2 | 0.0001 | -15.27 % | ||
| S3 | 0.0001 | -22.81 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0002 | 9.21 % | |
| R2 | 0.0002 | 7.89 % | ||
| R1 | 0.0002 | 1.32 % | ||
| Current price | 0.0002 | |||
| Support | S1 | 0.0001 | -3.29% | |
| S2 | 0.0001 | -5.26% | ||
| S3 | 0.0001 | -5.92% |
FAQ
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