VerusCoin / US Dollar Cryptocurrency Forecast
Red day on Friday for VerusCoin / US Dollar
(Updated on Jun 28, 2024)
The VerusCoin / US Dollar cryptocurrency price fell by -0.768% on the last day (Friday, 28th Jun 2024) from $1.19 to $1.18. During the last trading day the cryptocurrency fluctuated 4.55% from a day low at $1.18 to a day high of $1.23. The price has been going up and down for this period, and there has been a 0.26% gain for the last 2 weeks. Volume has increased on the last day by 4 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, 9 thousand shares were bought and sold for approximately $10.99 thousand.
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 $1.26 will firstly indicate a stronger rate of rising. Given the current short-term trend, the cryptocurrency is expected to rise 5.63% during the next 3 months and, with a 90% probability hold a price between $0.82 and $1.33 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.
VRSCUSD Signals & Forecast
The VerusCoin / US Dollar 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 $1.18. On a fall, the cryptocurrency will find some support from the long-term average at approximately $1.09. 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. 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 Monday, June 17, 2024, and so far it has fallen -5.54%. 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). VerusCoin / US Dollar 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. The cryptocurrency had a Golden Star Signal on Sunday, September 17, 2023 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the cryptocurrency in question.
Golden Star 12 Months
The cryptocurrency had a Golden Star Signal on Sunday, September 17, 2023 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the cryptocurrency in question.
Support, Risk & Stop-loss for VerusCoin / US Dollar cryptocurrency
VerusCoin / US Dollar finds support from accumulated volume at $1.14 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 and with good trading volume, the risk is considered to be medium. During the last day, the cryptocurrency moved $0.0537 between high and low, or 4.55%. For the last week, the cryptocurrency has had daily average volatility of 3.32%.
Our recommended stop-loss: $1.12 (-4.96%) (This cryptocurrency has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 45 days ago.)
Trading Expectations (VRSCUSD) For The Upcoming Trading Day Of Saturday 29th
For the upcoming trading day on Saturday, 29th we expect VerusCoin / US Dollar to open at $1.20, and during the day (based on 14 day Average True Range), to move between $1.10 and $1.25, which gives a possible trading interval of +/-$0.0747 (+/-6.33%) up or down from last closing price. If VerusCoin / US Dollar takes out the full calculated possible swing range there will be an estimated 12.66% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $1.19 (0.62%) than the support at $1.14 (3.00%), 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 VerusCoin / US Dollar cryptocurrency A Buy?
VerusCoin / US Dollar 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: 0.514 Hold/Accumulate Unchanged
Predicted Opening Price for VerusCoin / US Dollar of Saturday, June 29, 2024
Fair opening price June 29, 2024 | Current price |
---|---|
$1.20 ( 1.52%) | $1.18 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VRSCUSD
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 1.25 | 6.07% |
R2 | 1.23 | 4.33% |
R1 | 1.22 | 3.26% |
Price | 1.18 | |
S1 | 1.18 | -0.222% |
S2 | 1.16 | -1.30% |
S3 | 1.14 | -3.04% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 1.21 | 2.39% |
R2 | 1.20 | 1.50% |
R1 | 1.19 | 0.619% |
Price | 1.18 | |
S1 | 1.14 | -3.00% |
S2 | 1.13 | -4.41% |
S3 | 1.12 | -4.67% |
FAQ
Click here for our free guide on how to buy VerusCoin / US Dollar Cryptocurrency.