Unobtanium Cryptocurrency Forecast
High volatility in Unobtanium cryptocurrency price on Wednesday which ended trading at $1.53
(Updated on Jun 26, 2024)
The Unobtanium cryptocurrency price fell by -34.09% on the last day (Wednesday, 26th Jun 2024) from $2.32 to $1.53. During the last trading day the cryptocurrency fluctuated 53.65% from a day low at $1.52 to a day high of $2.34. The price has fallen in 6 of the last 10 days and is down by -31.33% for this period. Volume has increased on the last day by 34 shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 34 shares were bought and sold for approximately $52.03 .
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 -40.49% during the next 3 months and, with a 90% probability hold a price between $0.705 and $1.58 at the end of this 3-month period.
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UNOUSD Signals & Forecast
There are few to no technical positive signals at the moment. The Unobtanium 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 $2.09 and $2.46. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, June 10, 2024, and so far it has fallen -47.85%. 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). Unobtanium gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Unobtanium 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 a large prediction interval from the Bollinger Band this cryptocurrency is considered to be "high risk". During the last day, the cryptocurrency moved $0.82 between high and low, or 53.65%. For the last week, the cryptocurrency has had daily average volatility of 17.06%.
Our recommended stop-loss: $1.45 (-5.48%) (This cryptocurrency has high daily movements and this gives high risk. There is a sell signal from a pivot top found 57 days ago.)
Trading Expectations (UNOUSD) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Unobtanium to open at $1.80, and during the day (based on 14 day Average True Range), to move between $1.29 and $1.77, which gives a possible trading interval of +/-$0.236 (+/-15.41%) up or down from last closing price. If Unobtanium takes out the full calculated possible swing range there will be an estimated 30.82% move between the lowest and the highest trading price during the day.
Is Unobtanium cryptocurrency A Buy?
Unobtanium holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation 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 Unobtanium of Thursday, June 27, 2024
Fair opening price June 27, 2024 | Current price |
---|---|
$1.80 ( 17.52%) | $1.53 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for UNOUSD
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 2.62 | 70.95% |
R2 | 2.30 | 50.54% |
R1 | 2.11 | 37.93% |
Price | 1.53 | |
S1 | 1.49 | -2.88% |
S2 | 1.29 | -15.49% |
S3 | 0.98 | -35.90% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0 | - |
R2 | 0 | - |
R1 | 0 | - |
Price | 1.53 | |
S1 | 0 | - |
S2 | 0 | - |
S3 | 0 | - |
FAQ
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