TrueUSD / US Dollar Cryptocurrency Forecast
Evaluation of TrueUSD / US Dollar cryptocurrency downgraded after the last trading session.
(Updated on Jul 02, 2024)
The TrueUSD / US Dollar cryptocurrency price fell by -0.218% on the last day (Tuesday, 2nd Jul 2024) from $1.00 to $1.00. During the last trading day the cryptocurrency fluctuated 0.189% from a day low at $1.00 to a day high of $1.00. The price has fallen in 6 of the last 10 days and is down by -0.17% for this period. Volume fell on the last day along with the cryptocurrency, which is actually a good sign as volume should follow the cryptocurrency. On the last day, the trading volume fell by -4 million shares and in total, 36 million shares were bought and sold for approximately $35.57 million.
The cryptocurrency is moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect TrueUSD / US Dollar cryptocurrency with a 90% probability to be traded between $0.99 and $1.00 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and cryptocurrencies seldom manage to go directly from the bottom of a trend up to the top. Cryptocurrencies turning up in the middle of a horizontal trend are therefore considered to be potential runners. 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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TUSDUSD Signals & Forecast
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 TrueUSD / US Dollar 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 $1.00 and $1.00. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, July 01, 2024, and so far it has fallen -0.218%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. The cryptocurrency had a Golden Star Signal on Wednesday, June 19, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Thursday, December 07, 2023.
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
The cryptocurrency had a Golden Star Signal on Wednesday, June 19, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Thursday, December 07, 2023.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 Wednesday, June 19, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Thursday, December 07, 2023.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 TrueUSD / US Dollar cryptocurrency
TrueUSD / US Dollar finds support from accumulated volume at $1.00 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 $0.0019 between high and low, or 0.189%. For the last week the cryptocurrency has had daily average volatility of 0.0838%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (TUSDUSD) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect TrueUSD / US Dollar to open at $1.00, and during the day (based on 14 day Average True Range), to move between $0.99 and $1.00, which gives a possible trading interval of +/-$0.0022 (+/-0.23%) up or down from last closing price. If TrueUSD / US Dollar takes out the full calculated possible swing range there will be an estimated 0.45% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $1.00 (0.01%) than the resistance at $1.00 (0.19%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is TrueUSD / US Dollar cryptocurrency A Buy?
TrueUSD / US Dollar holds several negative signals and is within a narrow 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 Buy to a Sell candidate.
Current score: -4.621 Sell Candidate Downgraded
Predicted Opening Price for TrueUSD / US Dollar of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $1.00 ( 0.0194%) | $1.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TUSDUSD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.00 | 0.208% |
| R2 | 1.00 | 0.136% |
| R1 | 1.00 | 0.0914% |
| Price | 1.00 | |
| S1 | 1.00 | -0.0526% |
| S2 | 1.00 | -0.0971% |
| S3 | 1.00 | -0.169% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.00 | 0.229% |
| R2 | 1.00 | 0.209% |
| R1 | 1.00 | 0.189% |
| Price | 1.00 | |
| S1 | 1.00 | -0.0120% |
| S2 | 1.00 | -0.0742% |
| S3 | 1.00 | -0.162% |
FAQ
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