XELS USD Cryptocurrency Forecast
High volatility in XELS USD cryptocurrency price on Tuesday which ended trading at $0.190
(Updated on May 07, 2024)
The XELS USD cryptocurrency price fell by -6.00% on the last day (Tuesday, 7th May 2024) from $0.202 to $0.190. During the last trading day the cryptocurrency fluctuated 10.99% from a day low at $0.190 to a day high of $0.211. The price has fallen in 7 of the last 10 days and is down by -17.99% for this period. Volume has increased on the last day by 57 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, 124 thousand shares were bought and sold for approximately $23.50 thousand.
The cryptocurrency lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.180 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the cryptocurrency is expected to fall -42.98% during the next 3 months and, with a 90% probability hold a price between $0.103 and $0.186 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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XELSUSD Signals & Forecast
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. The XELS USD cryptocurrency holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $0.206 and $0.282. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, April 25, 2024, and so far it has fallen -35.43%. Further fall is indicated until a new bottom pivot has been found. XELS USD 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.
Support, Risk & Stop-loss for XELS USD cryptocurrency
There is no support from accumulated volume below today's level and given the right condition the cryptocurrency may perform very badly in the next couple of days.
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 $0.0209 between high and low, or 10.99%. For the last week, the cryptocurrency has had daily average volatility of 5.39%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (XELSUSD) For The Upcoming Trading Day Of Wednesday 8th
For the upcoming trading day on Wednesday, 8th we expect XELS USD to open at $0.197, and during the day (based on 14 day Average True Range), to move between $0.165 and $0.215, which gives a possible trading interval of +/-$0.0251 (+/-13.20%) up or down from last closing price. If XELS USD takes out the full calculated possible swing range there will be an estimated 26.40% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $0.221, some $0.0313 (16.44%) from the current price of $0.190, our system finds the risk reward not very attractive.
Is XELS USD cryptocurrency A Buy?
XELS USD holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this cryptocurrency.
Current score: -4.784 Sell Candidate Unchanged
Predicted Opening Price for XELS USD of Wednesday, May 8, 2024
| Fair opening price May 8, 2024 | Current price |
|---|---|
| $0.197 ( 3.61%) | $0.190 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for XELSUSD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.218 | 14.60 % | |
| R2 | 0.210 | 10.40 % | ||
| R1 | 0.205 | 7.81 % | ||
| Current price: | 0.190 | |||
| Support | S1 | 0.189 | -0.584 % | |
| S2 | 0.184 | -3.18 % | ||
| S3 | 0.176 | -7.37 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.233 | 22.28 % | |
| R2 | 0.232 | 21.94 % | ||
| R1 | 0.221 | 16.44 % | ||
| Current price | 0.190 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
FAQ
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