Universe.XYZ USD Cryptocurrency Forecast
Stronger technical forecast for Universe.XYZ USD cryptocurrency price after Monday trading.
(Updated on May 20, 2024)
The Universe.XYZ USD cryptocurrency price gained 1.29% on the last trading day (Monday, 20th May 2024), rising from $0.00003713 to $0.00003761. During the last trading day the cryptocurrency fluctuated 1.35% from a day low at $0.00003713 to a day high of $0.00003763. The price has been going up and down for this period, and there has been a -28.46% loss 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, 25 more shares were traded than the day before. In total, 28 shares were bought and sold for approximately $0.0011 .
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 $0.00001954 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the cryptocurrency is expected to fall -20.91% during the next 3 months and, with a 90% probability hold a price between $0.00001546 and $0.0001 at the end of this 3-month period.
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XYZUSD Signals & Forecast
A buy signal was issued from a pivot bottom point on Saturday, May 18, 2024, and so far it has risen 1.35%. 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). Universe.XYZ 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. The Universe.XYZ 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 $0.00004602 and $0.00005546. A break-up above any of these levels will issue buy signals.
Support, Risk & Stop-loss for Universe.XYZ USD cryptocurrency
Universe.XYZ USD finds support from accumulated volume at $0.00003713 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 $0.0000005 between high and low, or 1.35%. For the last week, the cryptocurrency has had daily average volatility of 0.482%.
Universe.XYZ USD is oversold on RSI14 (3). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (XYZUSD) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect Universe.XYZ USD to open at $0.00003746, and during the day (based on 14 day Average True Range), to move between $0.00003484 and $0.00004038, which gives a possible trading interval of +/-$0.00000277 (+/-7.37%) up or down from last closing price. If Universe.XYZ USD takes out the full calculated possible swing range there will be an estimated 14.75% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.00003713 (1.28%) than the resistance at $0.00004677 (24.36%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Universe.XYZ USD cryptocurrency A Buy?
Universe.XYZ USD holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this cryptocurrency. We have upgraded our analysis conclusion for this cryptocurrency since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -3.467 Sell Candidate Upgraded
Predicted Opening Price for Universe.XYZ USD of Tuesday, May 21, 2024
| Fair opening price May 21, 2024 | Current price |
|---|---|
| $0.00003746 ( 0.408%) | $0.00003761 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for XYZUSD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.00003796 | 0.92 % | |
| R2 | 0.00003777 | 0.414 % | ||
| R1 | 0.00003765 | 0.100 % | ||
| Current price: | 0.00003761 | |||
| Support | S1 | 0.00003727 | -0.92 % | |
| S2 | 0.00003715 | -1.23 % | ||
| S3 | 0.00003696 | -1.74 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0.00004679 | 24.41 % | ||
| R1 | 0.00004677 | 24.36 % | ||
| Current price | 0.00003761 | |||
| Support | S1 | 0.00003713 | -1.28% | |
| S2 | 0.00003711 | -1.33% | ||
| S3 | 0 | . |
FAQ
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