Tomb Shares USD Cryptocurrency Forecast
High volatility in Tomb Shares USD cryptocurrency price on Saturday which ended trading at $47.80
(Updated on May 18, 2024)
The Tomb Shares USD cryptocurrency price gained 9.38% on the last trading day (Saturday, 18th May 2024), rising from $43.70 to $47.80. During the last trading day the cryptocurrency fluctuated 11.23% from a day low at $43.21 to a day high of $48.07. The price has risen in 6 of the last 10 days and is up by 33.55% over the past 2 weeks. Volume fell on the last day by -700 shares and in total, 1 thousand shares were bought and sold for approximately $60.56 thousand. 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 -39.52% during the next 3 months and, with a 90% probability hold a price between $15.04 and $35.27 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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TSHAREUSD Signals & Forecast
The Tomb Shares 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 $40.42 and $36.99. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 30, 2024, and so far it has risen 46.73%. 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. 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 Tomb Shares USD cryptocurrency
Tomb Shares USD finds support from accumulated volume at $47.31 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 $4.85 between high and low, or 11.23%. For the last week the cryptocurrency has had daily average volatility of 7.99%.
Our recommended stop-loss: $46.27 (-3.19%) (This cryptocurrency has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 18 days ago.)
Trading Expectations (TSHAREUSD) For The Upcoming Trading Day Of Sunday 19th
For the upcoming trading day on Sunday, 19th we expect Tomb Shares USD to open at $46.36, and during the day (based on 14 day Average True Range), to move between $44.83 and $50.76, which gives a possible trading interval of +/-$2.97 (+/-6.21%) up or down from last closing price. If Tomb Shares USD takes out the full calculated possible swing range there will be an estimated 12.41% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $47.31 (1.02%) than the resistance at $54.83 (14.72%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Tomb Shares USD cryptocurrency A Buy?
Several short-term signals are positive, despite the cryptocurrency being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for cryptocurrency to perform well in the short-term. We have upgraded our analysis conclusion for this cryptocurrency since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 4.766 Buy Candidate Upgraded
Predicted Opening Price for Tomb Shares USD of Sunday, May 19, 2024
| Fair opening price May 19, 2024 | Current price |
|---|---|
| $46.36 ( 3.01%) | $47.80 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TSHAREUSD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 51.21 | 7.14 % | |
| R2 | 49.36 | 3.27 % | ||
| R1 | 48.21 | 0.87 % | ||
| Current price: | 47.80 | |||
| Support | S1 | 44.51 | -6.89 % | |
| S2 | 43.36 | -9.28 % | ||
| S3 | 41.51 | -13.16 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 56.94 | 19.14 % | |
| R2 | 55.92 | 17.00 % | ||
| R1 | 54.83 | 14.72 % | ||
| Current price | 47.80 | |||
| Support | S1 | 47.31 | -1.02% | |
| S2 | 37.50 | -21.55% | ||
| S3 | 36.50 | -23.64% |
FAQ
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