BiLira USD Cryptocurrency Forecast
Green day on Monday for BiLira USD
(Updated on May 20, 2024)
The BiLira USD cryptocurrency price gained 2.66% on the last trading day (Monday, 20th May 2024), rising from $0.0307 to $0.0315. During the last trading day the cryptocurrency fluctuated 2.72% from a day low at $0.0307 to a day high of $0.0315. The price has risen in 5 of the last 10 days and is up by 2.77% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 289 more shares were traded than the day before. In total, 1 thousand shares were bought and sold for approximately $43.68 .
The cryptocurrency has broken the horizontal trend up. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately. $0.0310 is considered to be a "second chance" to hit a potential runner. It is, however, important that volume does follow the price as false breaks may appear and it may move back into the horizontal trend. Based on the rectangle-formation theory the cryptocurrency is predicted to reach $0.0337 sometime during the next 3 months.
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TRYBUSD Signals & Forecast
The BiLira USD cryptocurrency holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $0.0309 and $0.0307. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Saturday, April 13, 2024, and so far it has risen 9.85%. Further rise is indicated until a new top pivot has been found. BiLira USD has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for BiLira USD cryptocurrency
BiLira USD finds support from accumulated volume at $0.0306 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the cryptocurrency tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the cryptocurrency moved $0.0008 between high and low, or 2.72%. For the last week the cryptocurrency has had daily average volatility of 2.65%.
Our recommended stop-loss: $0.0303 (-3.76%) (This cryptocurrency has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 42 days ago.)
Trading Expectations (TRYBUSD) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect BiLira USD to open at $0.0312, and during the day (based on 14 day Average True Range), to move between $0.0306 and $0.0324, which gives a possible trading interval of +/-$0.0009 (+/-2.75%) up or down from last closing price. If BiLira USD takes out the full calculated possible swing range there will be an estimated 5.49% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0317 (0.79%) than the support at $0.0306 (2.85%), 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 BiLira USD cryptocurrency A Buy?
BiLira USD holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.143 Hold/Accumulate Unchanged
Predicted Opening Price for BiLira USD of Tuesday, May 21, 2024
| Fair opening price May 21, 2024 | Current price |
|---|---|
| $0.0312 ( 0.88%) | $0.0315 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TRYBUSD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0320 | 1.76 % | |
| R2 | 0.0317 | 0.753 % | ||
| R1 | 0.0315 | 0.129 % | ||
| Current price: | 0.0315 | |||
| Support | S1 | 0.0309 | -1.89 % | |
| S2 | 0.0307 | -2.52 % | ||
| S3 | 0.0304 | -3.53 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0319 | 1.36 % | |
| R2 | 0.0317 | 0.797 % | ||
| R1 | 0.0317 | 0.788 % | ||
| Current price | 0.0315 | |||
| Support | S1 | 0.0306 | -2.85% | |
| S2 | 0.0300 | -4.81% | ||
| S3 | 0.0290 | -7.90% |
FAQ
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