YoloCash USD Cryptocurrency Forecast
Green day on Saturday for YoloCash USD
(Updated on May 18, 2024)
The YoloCash USD cryptocurrency price gained 0.234% on the last trading day (Saturday, 18th May 2024), rising from $0.0004 to $0.0004. During the last trading day the cryptocurrency fluctuated 0.94% from a day low at $0.0004 to a day high of $0.0004. The price has risen in 7 of the last 10 days and is up by 7.81% over the past 2 weeks.
The cryptocurrencyhas broken the very wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is $0.0004, a level that may pose a second chance to hit a runner. According to fan-theory $0.0007 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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YLCUSD Signals & Forecast
The YoloCash USD cryptocurrency holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $0.0004 and $0.0004. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Wednesday, March 13, 2024, and so far it has fallen -11.93%. Further fall is indicated until a new bottom pivot has been found. 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 YoloCash USD cryptocurrency
YoloCash USD finds support from accumulated volume at $0.0004 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This cryptocurrency has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the cryptocurrency moved $0.000004 between high and low, or 0.94%. For the last week the cryptocurrency has had daily average volatility of 3.05%.
Our recommended stop-loss: $0.0004 (-5.34%) (This cryptocurrency has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 66 days ago.)
Trading Expectations (YLCUSD) For The Upcoming Trading Day Of Sunday 19th
For the upcoming trading day on Sunday, 19th we expect YoloCash USD to open at $0.0004, and during the day (based on 14 day Average True Range), to move between $0.0004 and $0.0004, which gives a possible trading interval of +/-$0.00001409 (+/-3.29%) up or down from last closing price. If YoloCash USD takes out the full calculated possible swing range there will be an estimated 6.58% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0004 (2.34%) than the resistance at $0.0005 (14.25%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is YoloCash USD cryptocurrency A Buy?
YoloCash USD holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.380 Hold/Accumulate Unchanged
Predicted Opening Price for YoloCash USD of Sunday, May 19, 2024
Fair opening price May 19, 2024 | Current price |
---|---|
$0.0004 ( 0.156%) | $0.0004 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for YLCUSD
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.0004 | 1.09 % | |
R2 | 0.0004 | 0.733 % | ||
R1 | 0.0004 | 0.513 % | ||
Current price: | 0.0004 | |||
Support | S1 | 0.0004 | -0.201 % | |
S2 | 0.0004 | -0.422 % | ||
S3 | 0.0004 | -0.779 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.0005 | 16.82 % | |
R2 | 0.0005 | 15.65 % | ||
R1 | 0.0005 | 14.25 % | ||
Current price | 0.0004 | |||
Support | S1 | 0.0004 | -2.34% | |
S2 | 0.0004 | -3.04% | ||
S3 | 0.0004 | -3.27% |
FAQ
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