TerraUSD / US Dollar Cryptocurrency Forecast
Big movements in TerraUSD / US Dollar cryptocurrency price on Wednesday moving 8,358.61% between high and low
(Updated on Aug 30, 2023)
No changes to the price of TerraUSD / US Dollar cryptocurrency on the last trading day (Wednesday, 30th Aug 2023). During the last trading day the cryptocurrency fluctuated 8,358.61% from a day low at $0.0118 to a day high of $1.00. The price has risen in 4 of the last 10 days and is up by 0.03% over the past 2 weeks.
The cryptocurrency lies in the upper part of a very wide and weak rising 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 $1.03 will firstly indicate a stronger rate of rising. Given the current short-term trend, the cryptocurrency is expected to rise 3.07% during the next 3 months and, with a 90% probability hold a price between $0.0188 and $1.06 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
USTUSD Signals & Forecast
The TerraUSD / US Dollar 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 $1.00 and $0.89. 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). The volume rose on the last day while price remained unchanged. This may be an early warning and the cryptocurrency should be watched closely. 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, August 29, 2023, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for TerraUSD / US Dollar cryptocurrency
TerraUSD / US Dollar finds support from accumulated volume at $1.00 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 very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this cryptocurrency is considered to be "very high risk". During the last day, the cryptocurrency moved $0.99 between high and low, or 8,358.61%. For the last week, the cryptocurrency has had daily average volatility of 8,079.60%.
Our recommended stop-loss: $0.96 (-3.78%) (This cryptocurrency has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (USTUSD) For The Upcoming Trading Day Of Thursday 31st
For the upcoming trading day on Thursday, 31st we expect TerraUSD / US Dollar to open at $0.671, and during the day (based on 14 day Average True Range), to move between $0.0130 and $1.99, which gives a possible trading interval of +/-$0.99 (+/-98.70%) up or down from last closing price. If TerraUSD / US Dollar takes out the full calculated possible swing range there will be an estimated 197.40% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $1.00 (0.01%) than the support at $1.00 (0.01%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is TerraUSD / US Dollar cryptocurrency A Buy?
TerraUSD / US Dollar 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this cryptocurrency since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.049 Hold/Accumulate Downgraded
Predicted Opening Price for TerraUSD / US Dollar of Thursday, August 31, 2023
Fair opening price August 31, 2023 | Current price |
---|---|
$0.671 ( 32.93%) | $1.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for USTUSD
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 1.66 | 65.93 % | |
R2 | 1.28 | 28.17 % | ||
R1 | 1.05 | 4.84 % | ||
Current price: | 1.00 | |||
Support | S1 | 0.293 | -70.69 % | |
S2 | 0.0599 | -94.02 % | ||
S3 | -0.318 | -131.78 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 1.00 | 0.0300 % | |
R2 | 1.00 | 0.0200 % | ||
R1 | 1.00 | 0.0100 % | ||
Current price | 1.00 | |||
Support | S1 | 1.00 | -0.0100% | |
S2 | 1.00 | -0.0300% | ||
S3 | 1.00 | -0.0400% |
FAQ
Click here for our free guide on how to buy TerraUSD / US Dollar Cryptocurrency.