XYO / US Dollar Cryptocurrency Forecast
High volatility in XYO / US Dollar cryptocurrency price on Saturday which ended trading at $0.0076
(Updated on Jun 22, 2024)
The XYO / US Dollar cryptocurrency price gained 20.57% on the last trading day (Saturday, 22nd Jun 2024), rising from $0.0063 to $0.0076. During the last trading day the cryptocurrency fluctuated 28.88% from a day low at $0.0064 to a day high of $0.0083. The price has been going up and down for this period, and there has been a 10.53% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 4 million more shares were traded than the day before. In total, 8 million shares were bought and sold for approximately $60.28 thousand.
The cryptocurrency lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the cryptocurrency is expected to fall -30.67% during the next 3 months and, with a 90% probability hold a price between $0.0039 and $0.0059 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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XYOUSD Signals & Forecast
The XYO / US Dollar 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 $0.0063 and $0.0074. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, June 20, 2024, and so far it has risen 33.33%. Further rise is indicated until a new top pivot has been found. XYO / US Dollar 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for XYO / US Dollar cryptocurrency
XYO / US Dollar finds support from accumulated volume at $0.0074 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 a large prediction interval from the Bollinger Band this cryptocurrency is considered to be "high risk". During the last day, the cryptocurrency moved $0.0019 between high and low, or 28.88%. For the last week, the cryptocurrency has had daily average volatility of 17.82%.
Our recommended stop-loss: $0.0073 (-4.00%) (This cryptocurrency has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 50 days ago.)
Trading Expectations (XYOUSD) For The Upcoming Trading Day Of Sunday 23rd
For the upcoming trading day on Sunday, 23rd we expect XYO / US Dollar to open at $0.0074, and during the day (based on 14 day Average True Range), to move between $0.0069 and $0.0082, which gives a possible trading interval of +/-$0.0006 (+/-8.53%) up or down from last closing price. If XYO / US Dollar takes out the full calculated possible swing range there will be an estimated 17.06% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0074 (1.59%) than the resistance at $0.0085 (11.77%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is XYO / US Dollar cryptocurrency A Buy?
Several short-term signals are positive, despite the cryptocurrency being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for cryptocurrency to perform well in the short-term. We have upgraded our analysis conclusion for this cryptocurrency since the last evaluation from a Sell to a Buy candidate.
Current score: 4.041 Buy Candidate Upgraded
Predicted Opening Price for XYO / US Dollar of Sunday, June 23, 2024
| Fair opening price June 23, 2024 | Current price |
|---|---|
| $0.0074 ( 1.68%) | $0.0076 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for XYOUSD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0093 | 22.93% |
| R2 | 0.0086 | 13.53% |
| R1 | 0.0081 | 7.72% |
| Price | 0.0076 | |
| S1 | 0.0067 | -11.07% |
| S2 | 0.0063 | -16.88% |
| S3 | 0.0056 | -26.28% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0091 | 20.37% |
| R2 | 0.0085 | 12.57% |
| R1 | 0.0085 | 11.77% |
| Price | 0.0076 | |
| S1 | 0.0074 | -1.59% |
| S2 | 0.0064 | -15.21% |
| S3 | 0.0063 | -17.06% |
FAQ
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