Continuum World USD Cryptocurrency Forecast
Evaluation of Continuum World USD cryptocurrency downgraded after the last trading session.
(Updated on May 12, 2024)
The Continuum World USD cryptocurrency price fell by -2.55% on the last day (Sunday, 12th May 2024) from $0.0003 to $0.0003. During the last trading day the cryptocurrency fluctuated 2.95% from a day low at $0.0003 to a day high of $0.0003. The price has been going up and down for this period, and there has been a -1.61% loss for the last 2 weeks. 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 -150 shares and in total, 100 shares were bought and sold for approximately $0.0306 .
The cryptocurrency lies in the middle of a very 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 -43.62% during the next 3 months and, with a 90% probability hold a price between $0.00009549 and $0.0003 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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UMUSD 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 Continuum World USD cryptocurrency holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $0.0003 and $0.0004. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, March 07, 2024, and so far it has fallen -60.79%. Further fall is indicated until a new bottom pivot has been found. 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 Continuum World USD cryptocurrency
There is no support from accumulated volume below today's level and given the right condition the cryptocurrency may perform very badly in the next couple of days.
This cryptocurrency may move much during the day (volatility) and with periodic low trading volume this cryptocurrency is considered to be "high risk". During the last day, the cryptocurrency moved $0.000009 between high and low, or 2.95%. For the last week the cryptocurrency has had daily average volatility of 1.70%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (UMUSD) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect Continuum World USD to open at $0.0003, and during the day (based on 14 day Average True Range), to move between $0.0003 and $0.0003, which gives a possible trading interval of +/-$0.00001183 (+/-3.87%) up or down from last closing price. If Continuum World USD takes out the full calculated possible swing range there will be an estimated 7.73% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $0.0003, some $0.000007 (2.29%) from the current price of $0.0003, our system finds the risk reward not very attractive.
Is Continuum World USD cryptocurrency A Buy?
Continuum World USD holds several negative signals and is within a very wide 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 Sell to a Strong Sell candidate.
Current score: -5.449 Strong Sell Candidate Downgraded
Predicted Opening Price for Continuum World USD of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| $0.0003 ( 0.763%) | $0.0003 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for UMUSD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0003 | 3.70 % | |
| R2 | 0.0003 | 2.58 % | ||
| R1 | 0.0003 | 1.89 % | ||
| Current price: | 0.0003 | |||
| Support | S1 | 0.0003 | -0.361 % | |
| S2 | 0.0003 | -1.06 % | ||
| S3 | 0.0003 | -2.18 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0004 | 15.69 % | |
| R2 | 0.0003 | 4.90 % | ||
| R1 | 0.0003 | 2.29 % | ||
| Current price | 0.0003 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
FAQ
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