TRONPAD USD Cryptocurrency Forecast
TRONPAD USD cryptocurrency downgraded to Sell Candidate
(Updated on May 18, 2024)
The TRONPAD USD cryptocurrency price fell by -0.770% on the last day (Saturday, 18th May 2024) from $0.0018 to $0.0018. During the last trading day the cryptocurrency fluctuated 0.89% from a day low at $0.0018 to a day high of $0.0018. The price has fallen in 5 of the last 10 days and is down by -4.85% for this period. Volume has increased on the last day by 9 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, 11 shares were bought and sold for approximately $0.0198 .
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 -25.32% during the next 3 months and, with a 90% probability hold a price between $0.0009 and $0.0017 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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TRONPADUSD Signals & Forecast
There are few to no technical positive signals at the moment. The TRONPAD 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 $0.0018 and $0.0019. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Sunday, May 05, 2024, and so far it has fallen -7.87%. 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). TRONPAD 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 TRONPAD USD cryptocurrency
TRONPAD USD finds support from accumulated volume at $0.0018 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This cryptocurrency has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the cryptocurrency moved $0.000016 between high and low, or 0.89%. For the last week, the cryptocurrency has had daily average volatility of 2.38%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (TRONPADUSD) For The Upcoming Trading Day Of Sunday 19th
For the upcoming trading day on Sunday, 19th we expect TRONPAD USD to open at $0.0018, and during the day (based on 14 day Average True Range), to move between $0.0017 and $0.0019, which gives a possible trading interval of +/-$0.00006431 (+/-3.56%) up or down from last closing price. If TRONPAD USD takes out the full calculated possible swing range there will be an estimated 7.13% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0018 (2.27%) than the resistance at $0.0019 (2.66%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is TRONPAD USD cryptocurrency A Buy?
TRONPAD 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 Hold/Accumulate to a Sell candidate.
Current score: -1.528 Sell Candidate Downgraded
Predicted Opening Price for TRONPAD USD of Sunday, May 19, 2024
| Fair opening price May 19, 2024 | Current price |
|---|---|
| $0.0018 ( 0.0739%) | $0.0018 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TRONPADUSD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0018 | 0.96 % | |
| R2 | 0.0018 | 0.622 % | ||
| R1 | 0.0018 | 0.413 % | ||
| Current price: | 0.0018 | |||
| Support | S1 | 0.0018 | -0.265 % | |
| S2 | 0.0018 | -0.474 % | ||
| S3 | 0.0018 | -0.81 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0021 | 18.79 % | |
| R2 | 0.0021 | 14.08 % | ||
| R1 | 0.0019 | 2.66 % | ||
| Current price | 0.0018 | |||
| Support | S1 | 0.0018 | -2.27% | |
| S2 | 0.0017 | -3.16% | ||
| S3 | 0.0017 | -3.22% |
FAQ
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