Zytara dollar USD Cryptocurrency Forecast
Zytara dollar USD cryptocurrency price down 0% on Thursday
(Updated on May 16, 2024)
No changes to the price of Zytara dollar USD cryptocurrency on the last trading day (Thursday, 16th May 2024). During the last trading day the cryptocurrency fluctuated 0% from a day low at $1.00 to a day high of $1.00. The price has fallen in 5 of the last 10 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 -2.22% during the next 3 months and, with a 90% probability hold a price between $0.81 and $1.04 at the end of this 3-month period.
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ZUSDUSD Signals & Forecast
The Zytara dollar 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 $0.99 and $0.96. A breakdown below any of these levels will issue sell signals. 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, May 15, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Zytara dollar USD cryptocurrency
Zytara dollar USD finds support from accumulated volume at $0.99 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the cryptocurrency tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the cryptocurrency During the last day, the cryptocurrency moved $0 between high and low, or 0%. For the last week the cryptocurrency has had daily average volatility of 2.64%
Our recommended stop-loss: $0.96 (-3.96%) (This cryptocurrency has low daily movements and this gives low risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (ZUSDUSD) For The Upcoming Trading Day Of Friday 17th
For the upcoming trading day on Friday, 17th we expect Zytara dollar USD to open at $1.00, and during the day (based on 14 day Average True Range), to move between $0.97 and $1.03, which gives a possible trading interval of +/-$0.0335 (+/-3.35%) up or down from last closing price. If Zytara dollar USD takes out the full calculated possible swing range there will be an estimated 6.70% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $1.01 (0.60%) than the support at $0.99 (0.74%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Zytara dollar USD cryptocurrency A Buy?
Zytara dollar 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: -0.406 Hold/Accumulate Unchanged
Predicted Opening Price for Zytara dollar USD of Friday, May 17, 2024
| Fair opening price May 17, 2024 | Current price |
|---|---|
| $1.00 ( 0%) | $1.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ZUSDUSD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.00 | . | |
| R2 | 1.00 | . | ||
| R1 | 1.00 | . | ||
| Current price: | 1.00 | |||
| Support | S1 | 1.00 | . | |
| S2 | 1.00 | . | ||
| S3 | 1.00 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.06 | 6.19 % | |
| R2 | 1.02 | 1.40 % | ||
| R1 | 1.01 | 0.599 % | ||
| Current price | 1.00 | |||
| Support | S1 | 0.99 | -0.737% | |
| S2 | 0.99 | -1.15% | ||
| S3 | 0.95 | -4.92% |
FAQ
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