tSILVER USD Cryptocurrency Forecast
tSILVER USD cryptocurrency price up 0.475% on Monday
(Updated on May 20, 2024)
The tSILVER USD cryptocurrency price gained 0.475% on the last trading day (Monday, 20th May 2024), rising from $0.95 to $0.95. During the last trading day the cryptocurrency fluctuated 2.24% from a day low at $0.94 to a day high of $0.96. The price has risen in 5 of the last 10 days and is up by 4.66% 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, 2 thousand more shares were traded than the day before. In total, 2 thousand shares were bought and sold for approximately $2.14 thousand.
The cryptocurrency lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.94 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the cryptocurrency is expected to rise 69.77% during the next 3 months and, with a 90% probability hold a price between $1.60 and $1.87 at the end of this 3-month period.
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TXAGUSD Signals & Forecast
The tSILVER 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 $0.94 and $0.90. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, May 02, 2024, and so far it has risen 12.02%. 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). tSILVER 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.
Support, Risk & Stop-loss for tSILVER USD cryptocurrency
tSILVER USD finds support from accumulated volume at $0.94 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 $0.0210 between high and low, or 2.24%. For the last week, the cryptocurrency has had daily average volatility of 1.02%.
Our recommended stop-loss: $0.92 (-3.36%) (This cryptocurrency has medium daily movements and this gives medium risk. The RSI14 is 82 and this increases the risk substantially. There is a buy signal from a pivot bottom found 35 days ago.)
Trading Expectations (TXAGUSD) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect tSILVER USD to open at $0.95, and during the day (based on 14 day Average True Range), to move between $0.94 and $0.97, which gives a possible trading interval of +/-$0.0150 (+/-1.57%) up or down from last closing price. If tSILVER USD takes out the full calculated possible swing range there will be an estimated 3.14% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $0.94, some $0.0098 (1.03%) from the current price of $0.95, our system finds the risk reward attractive.
Is tSILVER USD cryptocurrency A Buy?
tSILVER 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: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for tSILVER USD of Tuesday, May 21, 2024
| Fair opening price May 21, 2024 | Current price |
|---|---|
| $0.95 ( 0.364%) | $0.95 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TXAGUSD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.97 | 1.83 % | |
| R2 | 0.96 | 0.99 % | ||
| R1 | 0.96 | 0.476 % | ||
| Current price: | 0.95 | |||
| Support | S1 | 0.94 | -1.20 % | |
| S2 | 0.94 | -1.72 % | ||
| S3 | 0.93 | -2.56 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 0.95 | |||
| Support | S1 | 0.94 | -1.03% | |
| S2 | 0.87 | -8.39% | ||
| S3 | 0.86 | -9.75% |
FAQ
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