Terra Virtua Kolect / US Dollar Cryptocurrency Forecast
Evaluation of Terra Virtua Kolect / US Dollar cryptocurrency downgraded after the last trading session.
(Updated on May 19, 2024)
The Terra Virtua Kolect / US Dollar cryptocurrency price fell by -1.57% on the last day (Sunday, 19th May 2024) from $0.185 to $0.182. During the last trading day the cryptocurrency fluctuated 0.554% from a day low at $0.182 to a day high of $0.183. The price has fallen in 6 of the last 10 days and is down by -3.39% 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 -63 thousand shares and in total, 8 thousand shares were bought and sold for approximately $1.54 thousand.
The cryptocurrency lies in the middle of a very wide and weak 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 2.48% during the next 3 months and, with a 90% probability hold a price between $0.0988 and $0.408 at the end of this 3-month period.
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TVKUSD Signals & Forecast
There are few to no technical positive signals at the moment. The Terra Virtua Kolect / 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 $0.183 and $0.182. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, March 13, 2024, and so far it has fallen -53.34%. 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). Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this cryptocurrency may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Terra Virtua Kolect / US Dollar cryptocurrency
Terra Virtua Kolect / US Dollar finds support from accumulated volume at $0.178 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, but be aware of low or falling volume as this increases the risk. During the last day, the cryptocurrency moved $0.0010 between high and low, or 0.554%. For the last week the cryptocurrency has had daily average volatility of 7.03%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (TVKUSD) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Terra Virtua Kolect / US Dollar to open at $0.183, and during the day (based on 14 day Average True Range), to move between $0.163 and $0.202, which gives a possible trading interval of +/-$0.0196 (+/-10.77%) up or down from last closing price. If Terra Virtua Kolect / US Dollar takes out the full calculated possible swing range there will be an estimated 21.55% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.178 (2.48%) than the resistance at $0.192 (5.33%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Terra Virtua Kolect / US Dollar cryptocurrency A Buy?
The Terra Virtua Kolect / US Dollar cryptocurrency holds several negative signals and despite the positive trend, we believe Terra Virtua Kolect / US Dollar 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 Hold/Accumulate to a Sell candidate.
Current score: -2.129 Sell Candidate Downgraded
Predicted Opening Price for Terra Virtua Kolect / US Dollar of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| $0.183 ( 0.185%) | $0.182 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TVKUSD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.184 | 0.739 % | |
| R2 | 0.183 | 0.527 % | ||
| R1 | 0.183 | 0.397 % | ||
| Current price: | 0.182 | |||
| Support | S1 | 0.182 | -0.0270 % | |
| S2 | 0.182 | -0.158 % | ||
| S3 | 0.182 | -0.370 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.216 | 18.50 % | |
| R2 | 0.200 | 9.77 % | ||
| R1 | 0.192 | 5.33 % | ||
| Current price | 0.182 | |||
| Support | S1 | 0.178 | -2.48% | |
| S2 | 0.169 | -7.07% | ||
| S3 | 0.156 | -14.27% |
FAQ
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