Tokenize Xchange USD Cryptocurrency Forecast
Tokenize Xchange USD cryptocurrency price down 1.15% on Tuesday
(Updated on May 14, 2024)
The Tokenize Xchange USD cryptocurrency price fell by -1.15% on the last day (Tuesday, 14th May 2024) from $11.40 to $11.27. During the last trading day the cryptocurrency fluctuated 9.00% from a day low at $10.94 to a day high of $11.93. The price has fallen in 6 of the last 10 days but is still up by 3.65% over the past 2 weeks. Volume has increased on the last day by 253 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, 253 thousand shares were bought and sold for approximately $2.86 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 -25.07% during the next 3 months and, with a 90% probability hold a price between $7.76 and $10.28 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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TKXUSD Signals & Forecast
A buy signal was issued from a pivot bottom point on Saturday, May 04, 2024, and so far it has risen 3.65%. 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. The Tokenize Xchange 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 $11.39 and $12.79. A break-up above any of these levels will issue buy signals. Volume rose on falling prices yesterday. This may be an early warning and the cryptocurrency should be followed more closely. The cryptocurrency had a Golden Star Signal on Friday, June 02, 2023 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the cryptocurrency in question.
Golden Star 12 Months
The cryptocurrency had a Golden Star Signal on Friday, June 02, 2023 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the cryptocurrency in question.
Support, Risk & Stop-loss for Tokenize Xchange USD cryptocurrency
Tokenize Xchange USD finds support from accumulated volume at $11.17 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 a large prediction interval from the Bollinger Band this cryptocurrency is considered to be "high risk". During the last day, the cryptocurrency moved $0.98 between high and low, or 9.00%. For the last week, the cryptocurrency has had daily average volatility of 3.65%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (TKXUSD) For The Upcoming Trading Day Of Wednesday 15th
For the upcoming trading day on Wednesday, 15th we expect Tokenize Xchange USD to open at $11.38, and during the day (based on 14 day Average True Range), to move between $10.26 and $12.27, which gives a possible trading interval of +/-$1.01 (+/-8.95%) up or down from last closing price. If Tokenize Xchange USD takes out the full calculated possible swing range there will be an estimated 17.89% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $11.17 (0.87%) than the resistance at $12.42 (10.23%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Tokenize Xchange USD cryptocurrency A Buy?
Tokenize Xchange 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: -2.897 Sell Candidate Unchanged
Predicted Opening Price for Tokenize Xchange USD of Wednesday, May 15, 2024
| Fair opening price May 15, 2024 | Current price |
|---|---|
| $11.38 ( 1.01%) | $11.27 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TKXUSD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 12.36 | 9.74 % | |
| R2 | 11.99 | 6.41 % | ||
| R1 | 11.76 | 4.34 % | ||
| Current price: | 11.27 | |||
| Support | S1 | 11.00 | -2.33 % | |
| S2 | 10.77 | -4.40 % | ||
| S3 | 10.40 | -7.73 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 14.03 | 24.54 % | |
| R2 | 13.97 | 23.96 % | ||
| R1 | 12.42 | 10.23 % | ||
| Current price | 11.27 | |||
| Support | S1 | 11.17 | -0.87% | |
| S2 | 11.08 | -1.66% | ||
| S3 | 10.87 | -3.52% |
FAQ
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