ZMINE USD Cryptocurrency Forecast
Green day on Thursday for ZMINE USD cryptocurrency after gaining 0.84%
(Updated on Jun 27, 2024)
The ZMINE USD cryptocurrency price gained 0.84% on the last trading day (Thursday, 27th Jun 2024), rising from $0.0108 to $0.0109. During the last trading day the cryptocurrency fluctuated 2.46% from a day low at $0.0107 to a day high of $0.0110. The price has been going up and down for this period, and there has been a -7.49% loss for the last 2 weeks. Volume fell on the last day by -262 shares and in total, 128 shares were bought and sold for approximately $1.39 . 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 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 -2.53% during the next 3 months and, with a 90% probability hold a price between $0.0093 and $0.0125 at the end of this 3-month period.
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ZMNUSD Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, June 24, 2024, and so far it has risen 3.73%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The ZMINE 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 $0.0110 and $0.0120. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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 ZMINE USD cryptocurrency
ZMINE USD finds support from accumulated volume at $0.0107 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 $0.0003 between high and low, or 2.46%. For the last week the cryptocurrency has had daily average volatility of 3.11%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ZMNUSD) For The Upcoming Trading Day Of Friday 28th
For the upcoming trading day on Friday, 28th we expect ZMINE USD to open at $0.0109, and during the day (based on 14 day Average True Range), to move between $0.0106 and $0.0112, which gives a possible trading interval of +/-$0.0003 (+/-2.75%) up or down from last closing price. If ZMINE USD takes out the full calculated possible swing range there will be an estimated 5.49% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0107 (2.04%) than the resistance at $0.0120 (9.86%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is ZMINE USD cryptocurrency A Buy?
ZMINE 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.
Current score: -4.159 Sell Candidate Unchanged
Predicted Opening Price for ZMINE USD of Friday, June 28, 2024
| Fair opening price June 28, 2024 | Current price |
|---|---|
| $0.0109 ( 0.346%) | $0.0109 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ZMNUSD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0111 | 2.07% |
| R2 | 0.0110 | 1.15% |
| R1 | 0.0110 | 0.577% |
| Price | 0.0109 | |
| S1 | 0.0108 | -1.27% |
| S2 | 0.0107 | -1.84% |
| S3 | 0.0106 | -2.76% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0129 | 18.37% |
| R2 | 0.0121 | 11.31% |
| R1 | 0.0120 | 9.86% |
| Price | 0.0109 | |
| S1 | 0.0107 | -2.04% |
| S2 | 0.0101 | -7.39% |
| S3 | 0.0100 | -8.12% |
FAQ
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