Uquid Coin USD Cryptocurrency Forecast
Uquid Coin USD cryptocurrency price down 2.22% on Wednesday
(Updated on May 08, 2024)
The Uquid Coin USD cryptocurrency price fell by -2.22% on the last day (Wednesday, 8th May 2024) from $8.08 to $7.90. During the last trading day the cryptocurrency fluctuated 1.70% from a day low at $7.86 to a day high of $7.99. The price has fallen in 6 of the last 10 days but is still up by 17.97% over the past 2 weeks. Volume has increased on the last day by 116 thousand 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, 1 million shares were bought and sold for approximately $10.50 million.
The cryptocurrency lies the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $8.04 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the cryptocurrency is expected to fall -29.81% during the next 3 months and, with a 90% probability hold a price between $3.28 and $5.64 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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UQCUSD Signals & Forecast
The Uquid 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 $6.65 and $6.64. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Tuesday, May 07, 2024, and so far it has fallen -2.22%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the cryptocurrency should be followed more closely.
Support, Risk & Stop-loss for Uquid Coin USD cryptocurrency
Uquid Coin USD finds support from accumulated volume at $7.83 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 $0.134 between high and low, or 1.70%. For the last week, the cryptocurrency has had daily average volatility of 9.43%.
Our recommended stop-loss: $7.63 (-3.42%) (This cryptocurrency has high daily movements and this gives high risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (UQCUSD) For The Upcoming Trading Day Of Thursday 9th
For the upcoming trading day on Thursday, 9th we expect Uquid Coin USD to open at $7.92, and during the day (based on 14 day Average True Range), to move between $7.38 and $8.41, which gives a possible trading interval of +/-$0.513 (+/-6.50%) up or down from last closing price. If Uquid Coin USD takes out the full calculated possible swing range there will be an estimated 13.00% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $7.83 (0.79%) than the resistance at $9.06 (14.76%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Uquid Coin USD cryptocurrency A Buy?
Uquid 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: -0.004 Hold/Accumulate Unchanged
Predicted Opening Price for Uquid Coin USD of Thursday, May 9, 2024
| Fair opening price May 9, 2024 | Current price |
|---|---|
| $7.92 ( 0.234%) | $7.90 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for UQCUSD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 8.05 | 1.93 % | |
| R2 | 8.00 | 1.28 % | ||
| R1 | 7.97 | 0.88 % | ||
| Current price: | 7.90 | |||
| Support | S1 | 7.86 | -0.414 % | |
| S2 | 7.83 | -0.81 % | ||
| S3 | 7.78 | -1.46 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 9.79 | 23.96 % | |
| R2 | 9.26 | 17.32 % | ||
| R1 | 9.06 | 14.76 % | ||
| Current price | 7.90 | |||
| Support | S1 | 7.83 | -0.795% | |
| S2 | 7.25 | -8.23% | ||
| S3 | 6.69 | -15.23% |
FAQ
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