Verasity / US Dollar Cryptocurrency Forecast
Verasity / US Dollar cryptocurrency price ended at $0.0064 on Monday, after gaining 1.73%.
(Updated on Apr 22, 2024)
The Verasity / US Dollar cryptocurrency price gained 1.73% on the last trading day (Monday, 22nd Apr 2024), rising from $0.0063 to $0.0064. During the last trading day the cryptocurrency fluctuated 8.70% from a day low at $0.0063 to a day high of $0.0068. The price has risen in 6 of the last 10 days and is up by 9.24% over the past 2 weeks. Volume fell on the last day by -727 thousand shares and in total, 8 million shares were bought and sold for approximately $49.88 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 lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.0055 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the cryptocurrency is expected to rise 12.99% during the next 3 months and, with a 90% probability hold a price between $0.0062 and $0.0176 at the end of this 3-month period.
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VRAUSD Signals & Forecast
There are mixed signals in the cryptocurrency today. The Verasity / US Dollar cryptocurrency holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the cryptocurrency giving a more negative forecast for the stock. On further gains, the cryptocurrency will meet resistance from the long-term Moving Average at $0.0080. On a fall, the cryptocurrency will find some support from the short-term average at $0.0060. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Sunday, March 03, 2024, and so far it has fallen -55.95%. 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. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Verasity / US Dollar cryptocurrency
On the downside, the cryptocurrency finds support just below today's level from accumulated volume at $0.0059 and $0.0057. There is a natural risk involved when a cryptocurrency is testing a support level, since if this is broken, the cryptocurrency then may fall to the next support level. In this case, Verasity / US Dollar finds support just below today's level at $0.0059. If this is broken, then the next support from accumulated volume will be at $0.0057 and $0.0053.
This cryptocurrency may move very much during the day (volatility) and with periodic low trading volume this cryptocurrency is considered to be "very high risk". During the last day, the cryptocurrency moved $0.0005 between high and low, or 8.70%. For the last week the cryptocurrency has had daily average volatility of 11.56%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (VRAUSD) For The Upcoming Trading Day Of Tuesday 23rd
For the upcoming trading day on Tuesday, 23rd we expect Verasity / US Dollar to open at $0.0065, and during the day (based on 14 day Average True Range), to move between $0.0055 and $0.0073, which gives a possible trading interval of +/-$0.0009 (+/-13.42%) up or down from last closing price. If Verasity / US Dollar takes out the full calculated possible swing range there will be an estimated 26.84% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0059 (8.46%) than the resistance at $0.0075 (16.67%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Verasity / US Dollar cryptocurrency A Buy?
Verasity / US Dollar 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.
Current score: -3.381 Sell Candidate Unchanged
Predicted Opening Price for Verasity / US Dollar of Tuesday, April 23, 2024
| Fair opening price April 23, 2024 | Current price |
|---|---|
| $0.0065 ( 1.33%) | $0.0064 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VRAUSD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0070 | 9.84 % | |
| R2 | 0.0068 | 6.59 % | ||
| R1 | 0.0067 | 4.58 % | ||
| Current price: | 0.0064 | |||
| Support | S1 | 0.0063 | -1.91 % | |
| S2 | 0.0061 | -3.92 % | ||
| S3 | 0.0059 | -7.17 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0080 | 24.52 % | |
| R2 | 0.0078 | 21.34 % | ||
| R1 | 0.0075 | 16.67 % | ||
| Current price | 0.0064 | |||
| Support | S1 | 0.0059 | -8.46% | |
| S2 | 0.0057 | -11.41% | ||
| S3 | 0.0053 | -16.57% |
FAQ
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