XTblock USD Cryptocurrency Forecast
Weaker technical forecast for XTblock USD as cryptocurrency downgraded to Sell Candidate.
(Updated on May 18, 2024)
The XTblock USD cryptocurrency price gained 0.193% on the last trading day (Saturday, 18th May 2024), rising from $0.0016 to $0.0016. During the last trading day the cryptocurrency fluctuated 0.386% from a day low at $0.0016 to a day high of $0.0016. The price has risen in 5 of the last 10 days but is still down by -4.13% for this period. Volume fell on the last day by -71 shares and in total, 20 shares were bought and sold for approximately $0.0311 . 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 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 $0.0015 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the cryptocurrency is expected to fall -24.36% during the next 3 months and, with a 90% probability hold a price between $0.0012 and $0.0016 at the end of this 3-month period.
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XTT-B20USD Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, May 17, 2024, and so far it has risen 0.193%. Further rise is indicated until a new top pivot has been found. 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 XTblock 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 $0.0016 and $0.0018. A break-up above any of these levels will issue buy signals. 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.
Support, Risk & Stop-loss for XTblock USD cryptocurrency
XTblock USD finds support from accumulated volume at $0.0016 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 much during the day (volatility) and with periodic low trading volume this cryptocurrency is considered to be "high risk". During the last day, the cryptocurrency moved $0.000006 between high and low, or 0.386%. For the last week the cryptocurrency has had daily average volatility of 1.00%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (XTT-B20USD) For The Upcoming Trading Day Of Sunday 19th
For the upcoming trading day on Sunday, 19th we expect XTblock USD to open at $0.0016, and during the day (based on 14 day Average True Range), to move between $0.0015 and $0.0016, which gives a possible trading interval of +/-$0.00003500 (+/-2.25%) up or down from last closing price. If XTblock USD takes out the full calculated possible swing range there will be an estimated 4.50% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0016 (0.19%) than the resistance at $0.0017 (12.40%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is XTblock USD cryptocurrency A Buy?
XTblock 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this cryptocurrency since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -3.770 Sell Candidate Downgraded
Predicted Opening Price for XTblock USD of Sunday, May 19, 2024
| Fair opening price May 19, 2024 | Current price |
|---|---|
| $0.0016 ( 0.0428%) | $0.0016 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for XTT-B20USD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0016 | 0.428 % | |
| R2 | 0.0016 | 0.281 % | ||
| R1 | 0.0016 | 0.190 % | ||
| Current price: | 0.0016 | |||
| Support | S1 | 0.0016 | -0.104 % | |
| S2 | 0.0016 | -0.195 % | ||
| S3 | 0.0016 | -0.343 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0019 | 24.42 % | |
| R2 | 0.0019 | 20.05 % | ||
| R1 | 0.0017 | 12.40 % | ||
| Current price | 0.0016 | |||
| Support | S1 | 0.0016 | -0.193% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
FAQ
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