UNITED EMIRATE DECENTRALIZED COIN. USD Cryptocurrency Forecast
Red day on Monday for UNITED EMIRATE DECENTRALIZED COIN. USD cryptocurrency after losing 0%
(Updated on May 20, 2024)
No changes to the price of UNITED EMIRATE DECENTRALIZED COIN. USD cryptocurrency on the last trading day (Monday, 20th May 2024). During the last trading day the cryptocurrency fluctuated 0% from a day low at $0.000016 to a day high of $0.000016. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks.
The cryptocurrency lies in the lower part of a very wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.00000532 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 9.50% during the next 3 months and, with a 90% probability hold a price between $0.00000583 and $0.00008147 at the end of this 3-month period.
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UEDCUSD Signals & Forecast
The UNITED EMIRATE DECENTRALIZED COIN. 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 $0.000016 and $0.0000134. 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 fallen 0%. Further rise is indicated until a new top pivot has been found. 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). Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
A sell signal from a double top formation was found on Monday, April 29, 2024 and based on theory for this formation the price should fall by -75.00% to $0.000004 within 2 trading days since signal was issued (Tuesday, May 21, 2024).
Support, Risk & Stop-loss for UNITED EMIRATE DECENTRALIZED COIN. USD cryptocurrency
On the downside, the cryptocurrency finds support just below today's level from accumulated volume at $0.000015 and $0.000014. There is a natural risk involved when a cryptocurrency is testing a support level, since if this is broken, the cryptocurrency then may fall to the next support level. In this case, UNITED EMIRATE DECENTRALIZED COIN. USD finds support just below today's level at $0.000015. If this is broken, then the next support from accumulated volume will be at $0.000014 and $0.000013.
In general the cryptocurrency tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the cryptocurrency During the last day, the cryptocurrency moved $0 between high and low, or 0%. For the last week the cryptocurrency has had daily average volatility of 0%
Our recommended stop-loss: $0.00001504 (-6.00%) (This cryptocurrency has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 21 days ago.)
Trading Expectations (UEDCUSD) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect UNITED EMIRATE DECENTRALIZED COIN. USD to open at $0.000016, and during the day (based on 14 day Average True Range), to move between $0.00001397 and $0.00001803, which gives a possible trading interval of +/-$0.00000203 (+/-12.70%) up or down from last closing price. If UNITED EMIRATE DECENTRALIZED COIN. USD takes out the full calculated possible swing range there will be an estimated 25.40% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.000015 (6.25%) than the resistance at $0.000017 (6.25%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is UNITED EMIRATE DECENTRALIZED COIN. USD cryptocurrency A Buy?
UNITED EMIRATE DECENTRALIZED COIN. 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 UNITED EMIRATE DECENTRALIZED COIN. USD of Tuesday, May 21, 2024
| Fair opening price May 21, 2024 | Current price |
|---|---|
| $0.000016 ( 0%) | $0.000016 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for UEDCUSD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.000016 | . | |
| R2 | 0.000016 | . | ||
| R1 | 0.000016 | . | ||
| Current price: | 0.000016 | |||
| Support | S1 | 0.000016 | . | |
| S2 | 0.000016 | . | ||
| S3 | 0.000016 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0.000018 | 12.50 % | ||
| R1 | 0.000017 | 6.25 % | ||
| Current price | 0.000016 | |||
| Support | S1 | 0.000015 | -6.25% | |
| S2 | 0.000014 | -12.50% | ||
| S3 | 0.000013 | -18.75% |
FAQ
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