Yieldification USD Cryptocurrency Forecast
Yieldification USD cryptocurrency price ended at $0.0015 on Saturday, after gaining 0.472%.
(Updated on Jun 01, 2024)
The Yieldification USD cryptocurrency price gained 0.472% on the last trading day (Saturday, 1st Jun 2024), rising from $0.0015 to $0.0015. During the last trading day the cryptocurrency fluctuated 3.01% from a day low at $0.0015 to a day high of $0.0015. The price has fallen in 5 of the last 10 days and is down by -6.99% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 1 thousand more shares were traded than the day before. In total, 6 thousand shares were bought and sold for approximately $8.27 .
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 -51.09% during the next 3 months and, with a 90% probability hold a price between $0.0004 and $0.0008 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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YDFUSD Signals & Forecast
Mostly positive signals in the chart today. The Yieldification USD cryptocurrency holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the cryptocurrency giving a positive forecast for the stock. On further gains, the cryptocurrency will meet resistance from the short-term Moving Average at approximately $0.0015. On a fall, the cryptocurrency will find some support from the long-term average at approximately $0.0014. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. A buy signal was issued from a pivot bottom point on Sunday, May 12, 2024, and so far it has risen 18.91%. 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). Yieldification 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.
Support, Risk & Stop-loss for Yieldification USD cryptocurrency
Yieldification USD finds support from accumulated volume at $0.0014 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 $0.000044 between high and low, or 3.01%. For the last week, the cryptocurrency has had daily average volatility of 3.17%.
Our recommended stop-loss: $0.0014 (-3.70%) (This cryptocurrency has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 96 days ago.)
Trading Expectations (YDFUSD) For The Upcoming Trading Day Of Sunday 2nd
For the upcoming trading day on Sunday, 2nd we expect Yieldification USD to open at $0.0015, and during the day (based on 14 day Average True Range), to move between $0.0014 and $0.0016, which gives a possible trading interval of +/-$0.00006703 (+/-4.50%) up or down from last closing price. If Yieldification USD takes out the full calculated possible swing range there will be an estimated 9.00% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0014 (4.16%) than the resistance at $0.0016 (4.63%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Yieldification USD 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.
Current score: 2.080 Buy Candidate Unchanged
Predicted Opening Price for Yieldification USD of Sunday, June 2, 2024
Fair opening price June 2, 2024 | Current price |
---|---|
$0.0015 ( 0.358%) | $0.0015 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for YDFUSD
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.0015 | 2.60 % | |
R2 | 0.0015 | 1.47 % | ||
R1 | 0.0015 | 0.770 % | ||
Current price: | 0.0015 | |||
Support | S1 | 0.0015 | -1.49 % | |
S2 | 0.0015 | -2.18 % | ||
S3 | 0.0014 | -3.31 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.0018 | 17.99 % | |
R2 | 0.0016 | 4.70 % | ||
R1 | 0.0016 | 4.63 % | ||
Current price | 0.0015 | |||
Support | S1 | 0.0014 | -4.16% | |
S2 | 0.0014 | -7.65% | ||
S3 | 0.0013 | -10.34% |
FAQ
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