ULTRON USD Cryptocurrency Forecast
Green day on Monday for ULTRON USD cryptocurrency after gaining 0.87%
(Updated on Jun 10, 2024)
The ULTRON USD cryptocurrency price gained 0.87% on the last trading day (Monday, 10th Jun 2024), rising from $0.0463 to $0.0467. During the last trading day the cryptocurrency fluctuated 2.80% from a day low at $0.0460 to a day high of $0.0473. The price has fallen in 6 of the last 10 days and is down by -3.08% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 25 thousand more shares were traded than the day before. In total, 309 thousand shares were bought and sold for approximately $14.45 thousand.
The cryptocurrency lies in the middle of a 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 -37.45% during the next 3 months and, with a 90% probability hold a price between $0.0275 and $0.0340 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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ULXUSD Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, June 07, 2024, and so far it has risen 3.56%. 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). ULTRON 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. The ULTRON USD cryptocurrency holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the cryptocurrency giving a more negative forecast for the stock. On further gains, the cryptocurrency will meet resistance from the long-term Moving Average at $0.0524. On a fall, the cryptocurrency will find some support from the short-term average at $0.0462. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal.
Support, Risk & Stop-loss for ULTRON USD cryptocurrency
ULTRON USD finds support from accumulated volume at $0.0467 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 $0.0013 between high and low, or 2.80%. For the last week, the cryptocurrency has had daily average volatility of 4.18%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ULXUSD) For The Upcoming Trading Day Of Tuesday 11th
For the upcoming trading day on Tuesday, 11th we expect ULTRON USD to open at $0.0467, and during the day (based on 14 day Average True Range), to move between $0.0444 and $0.0490, which gives a possible trading interval of +/-$0.0023 (+/-4.88%) up or down from last closing price. If ULTRON USD takes out the full calculated possible swing range there will be an estimated 9.76% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0467 (0.11%) than the resistance at $0.0482 (3.17%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is ULTRON USD cryptocurrency A Buy?
ULTRON USD holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this cryptocurrency.
Current score: -1.888 Sell Candidate Unchanged
Predicted Opening Price for ULTRON USD of Tuesday, June 11, 2024
| Fair opening price June 11, 2024 | Current price |
|---|---|
| $0.0467 ( 0.126%) | $0.0467 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ULXUSD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0479 | 2.63% |
| R2 | 0.0475 | 1.58% |
| R1 | 0.0471 | 0.93% |
| Price | 0.0467 | |
| S1 | 0.0462 | -1.18% |
| S2 | 0.0459 | -1.83% |
| S3 | 0.0454 | -2.88% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0562 | 20.21% |
| R2 | 0.0525 | 12.32% |
| R1 | 0.0482 | 3.17% |
| Price | 0.0467 | |
| S1 | 0.0467 | -0.107% |
| S2 | 0.0464 | -0.612% |
| S3 | 0.0454 | -2.86% |
FAQ
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