Ratio Stable Coin USD Cryptocurrency Forecast
Ratio Stable Coin USD cryptocurrency downgraded to Sell Candidate
(Updated on May 18, 2024)
The Ratio Stable Coin USD cryptocurrency price gained 0.0284% on the last trading day (Saturday, 18th May 2024), rising from $0.633 to $0.633. During the last trading day the cryptocurrency fluctuated 0.98% from a day low at $0.628 to a day high of $0.634. The price has risen in 6 of the last 10 days and is up by 1.5% over the past 2 weeks. Volume fell on the last day by -8 thousand shares and in total, 4 thousand shares were bought and sold for approximately $2.42 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
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 -7.48% during the next 3 months and, with a 90% probability hold a price between $0.512 and $0.632 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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USDRUSD Signals & Forecast
The Ratio Stable Coin USD cryptocurrency holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the cryptocurrency giving a positive forecast for the stock. On further gains, the cryptocurrency will meet resistance from the short-term Moving Average at approximately $0.653. On a fall, the cryptocurrency will find some support from the long-term average at approximately $0.631. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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 Thursday, May 16, 2024, and so far it has fallen -5.07%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Ratio Stable Coin USD cryptocurrency
Ratio Stable Coin USD finds support from accumulated volume at $0.627 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, but be aware of low or falling volume as this increases the risk. During the last day, the cryptocurrency moved $0.0061 between high and low, or 0.98%. For the last week the cryptocurrency has had daily average volatility of 1.85%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (USDRUSD) For The Upcoming Trading Day Of Sunday 19th
For the upcoming trading day on Sunday, 19th we expect Ratio Stable Coin USD to open at $0.632, and during the day (based on 14 day Average True Range), to move between $0.616 and $0.651, which gives a possible trading interval of +/-$0.0175 (+/-2.77%) up or down from last closing price. If Ratio Stable Coin USD takes out the full calculated possible swing range there will be an estimated 5.54% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.627 (1.02%) than the resistance at $0.668 (5.51%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Ratio Stable Coin USD cryptocurrency A Buy?
Ratio Stable Coin 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this cryptocurrency since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -2.650 Sell Candidate Downgraded
Predicted Opening Price for Ratio Stable Coin USD of Sunday, May 19, 2024
| Fair opening price May 19, 2024 | Current price |
|---|---|
| $0.632 ( 0.203%) | $0.633 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for USDRUSD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.638 | 0.766 % | |
| R2 | 0.636 | 0.396 % | ||
| R1 | 0.634 | 0.167 % | ||
| Current price: | 0.633 | |||
| Support | S1 | 0.629 | -0.573 % | |
| S2 | 0.628 | -0.80 % | ||
| S3 | 0.626 | -1.17 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.737 | 16.41 % | |
| R2 | 0.673 | 6.25 % | ||
| R1 | 0.668 | 5.51 % | ||
| Current price | 0.633 | |||
| Support | S1 | 0.627 | -1.02% | |
| S2 | 0.617 | -2.54% | ||
| S3 | 0.595 | -6.08% |
FAQ
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