X8X Token USD Cryptocurrency Forecast
Green day on Saturday for X8X Token USD cryptocurrency after gaining 1.08%
(Updated on May 18, 2024)
The X8X Token USD cryptocurrency price gained 1.08% on the last trading day (Saturday, 18th May 2024), rising from $0.0021 to $0.0021. During the last trading day the cryptocurrency fluctuated 1.74% from a day low at $0.0021 to a day high of $0.0022. The price has risen in 5 of the last 10 days and is up by 1.81% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 1 more shares were traded than the day before. In total, 157 shares were bought and sold for approximately $0.336 .
The cryptocurrencyhas broken the very wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is $0.0020, a level that may pose a second chance to hit a runner. According to fan-theory $0.0032 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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X8XUSD Signals & Forecast
The X8X Token USD cryptocurrency holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the cryptocurrency has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $0.0020 and $0.0021. 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). X8X Token USD has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. 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, April 11, 2024, and so far it has fallen -15.33%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for X8X Token USD cryptocurrency
X8X Token USD finds support from accumulated volume at $0.0021 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 $0.000037 between high and low, or 1.74%. For the last week, the cryptocurrency has had daily average volatility of 2.86%.
Our recommended stop-loss: $0.0020 (-6.06%) (This cryptocurrency has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 37 days ago.)
Trading Expectations (X8XUSD) For The Upcoming Trading Day Of Sunday 19th
For the upcoming trading day on Sunday, 19th we expect X8X Token USD to open at $0.0021, and during the day (based on 14 day Average True Range), to move between $0.0020 and $0.0022, which gives a possible trading interval of +/-$0.00009434 (+/-4.40%) up or down from last closing price. If X8X Token USD takes out the full calculated possible swing range there will be an estimated 8.80% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0022 (0.89%) than the support at $0.0021 (0.93%), 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 X8X Token USD cryptocurrency A Buy?
X8X Token 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: -0.245 Hold/Accumulate Unchanged
Predicted Opening Price for X8X Token USD of Sunday, May 19, 2024
| Fair opening price May 19, 2024 | Current price |
|---|---|
| $0.0021 ( 0.0467%) | $0.0021 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for X8XUSD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0022 | 1.68 % | |
| R2 | 0.0022 | 1.02 % | ||
| R1 | 0.0022 | 0.613 % | ||
| Current price: | 0.0021 | |||
| Support | S1 | 0.0021 | -0.706 % | |
| S2 | 0.0021 | -1.11 % | ||
| S3 | 0.0021 | -1.77 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0025 | 18.11 % | |
| R2 | 0.0025 | 15.96 % | ||
| R1 | 0.0022 | 0.89 % | ||
| Current price | 0.0021 | |||
| Support | S1 | 0.0021 | -0.93% | |
| S2 | 0.0021 | -1.03% | ||
| S3 | 0.0021 | -1.77% |
FAQ
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