Treecle USD Cryptocurrency Forecast
Treecle USD cryptocurrency price fell more than -7.27% Tuesday closing at $0.0017
(Updated on Apr 30, 2024)
The Treecle USD cryptocurrency price fell by -7.27% on the last day (Tuesday, 30th Apr 2024) from $0.0019 to $0.0017. It has now fallen 3 days in a row. During the last trading day the cryptocurrency fluctuated 9.69% from a day low at $0.0017 to a day high of $0.0019. The price has fallen in 7 of the last 10 days and is down by -30.71% for this period. Volume has increased on the last day by 15 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, 53 thousand shares were bought and sold for approximately $92.11 .
The cryptocurrency lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the cryptocurrency is expected to rise 48.49% during the next 3 months and, with a 90% probability hold a price between $0.0018 and $0.0039 at the end of this 3-month period.
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TRCLUSD Signals & Forecast
There are few to no technical positive signals at the moment. The Treecle USD cryptocurrency holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $0.0020 and $0.0018. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Sunday, April 21, 2024, and so far it has fallen -30.93%. 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). Treecle 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 Treecle USD cryptocurrency
On the downside, the cryptocurrency finds support just below today's level from accumulated volume at $0.0014 and $0.0014. There is a natural risk involved when a cryptocurrency is testing a support level, since if this is broken, the cryptocurrency then may fall to the next support level. In this case, Treecle USD finds support just below today's level at $0.0014. If this is broken, then the next support from accumulated volume will be at $0.0014 and $0.0014.
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 $0.0002 between high and low, or 9.69%. For the last week, the cryptocurrency has had daily average volatility of 7.69%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (TRCLUSD) For The Upcoming Trading Day Of Wednesday 1st
For the upcoming trading day on Wednesday, 1st we expect Treecle USD to open at $0.0018, and during the day (based on 14 day Average True Range), to move between $0.0015 and $0.0020, which gives a possible trading interval of +/-$0.0002 (+/-13.89%) up or down from last closing price. If Treecle USD takes out the full calculated possible swing range there will be an estimated 27.78% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0017 (0.35%) than the support at $0.0014 (18.96%), 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 Treecle USD cryptocurrency A Buy?
The Treecle USD cryptocurrency holds several negative signals and despite the positive trend, we believe Treecle USD will perform weakly in the next couple of days or weeks. Therefore, we 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 Buy to a Strong Sell candidate.
Current score: -6.181 Strong Sell Candidate Downgraded
Predicted Opening Price for Treecle USD of Wednesday, May 1, 2024
| Fair opening price May 1, 2024 | Current price |
|---|---|
| $0.0018 ( 3.19%) | $0.0017 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TRCLUSD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0020 | 12.87 % | |
| R2 | 0.0019 | 9.17 % | ||
| R1 | 0.0019 | 6.89 % | ||
| Current price: | 0.0017 | |||
| Support | S1 | 0.0017 | -0.510 % | |
| S2 | 0.0017 | -2.79 % | ||
| S3 | 0.0016 | -6.49 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0020 | 16.25 % | |
| R2 | 0.0018 | 2.88 % | ||
| R1 | 0.0017 | 0.346 % | ||
| Current price | 0.0017 | |||
| Support | S1 | 0.0014 | -18.96% | |
| S2 | 0.0014 | -20.35% | ||
| S3 | 0.0014 | -20.58% |
FAQ
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