Free Arcane Crypto AB (ARCANE) Technical Analysis Signals | Free Stock Technical Analysis Signals | 01 May

Overal Signals
Hold
Signals
Neutral Neutral Hold Hold
Last Update / Period
01 May / Daily
Category/Currency
Stock/USD
Exchange/Country
XSTO/--

Arcane Crypto AB (ARCANE) signal with technical analysis on 01 May

On May 5, 2023, we conducted a comprehensive technical analysis of Bitcoin, considering 256 signals with intricate details. Here are the key findings: 39 suggested buy signal strategies, while 88 indicated sell signal strategies. The remaining 129 strategies remained neutral without providing any specific signal.
The 256 signals were categorized into four distinct strategies, each consisting of 64 signals. Let's delve into the details of each strategy:

Strategy 1:
Buy Signals: 11
Sell Signals: 19
Neutral Signals: 34
Result: This strategy leads to a Neutral position.

Strategy 2:
Buy Signals: 15
Sell Signals: 15
Neutral Signals: 34
Result: This strategy leads to a Neutral position.

Strategy 3:
Buy Signals: 7
Sell Signals: 26
Neutral Signals: 31
Result: This strategy leads to a Hold position.

Strategy 4:
Buy Signals: 6
Sell Signals: 28
Neutral Signals: 30
Result: This strategy leads to a Hold position.

Overal Strategy :
Buy Signals: 39
Sell Signals: 88
Neutral Signals: 129
Result: This strategy leads to a Hold position.

Disclaimer! Please exercise caution and thorough consideration before making any financial decisions. It's important to note that our signals are solely based on daily price changes and do not take external factors such as news, market sentiment, or company developments into account. We strongly recommend considering all relevant factors and conducting your own research.

Useful Tips: To make the most informed decisions about your Arcane Crypto AB (ARCANE) investments, we strongly recommend visiting the "Magic Analysis" technical analysis website. They also provide signals for free, and if a signal aligns with ours, it's likely to be a reliable and valid indicator, as we've seen over time.


SNResult: Looking at the technical analysis for Arcane Crypto AB (ARCANE) on th, it appears that there is a tendency toward a sell signal based on historical data and analysis. However, it's essential to remember that these signals are not guarantees, and making investment decisions should be done carefully. It's important to consider the overall market conditions and how your choices align with your specific investment goals.

According to the above signals and forecasts, we recommend the following methods:
Arcane Crypto AB (ARCANE) trading strategy for those who are in buy positions (long positions): If you are currently in a buy position (long position), it is recommended to choose the optimal time to exit the current position based on the combination of technical analysis signals. If you have a high risk tolerance, wait for the market to move in the coming days.
Arcane Crypto AB (ARCANE) trading strategy for those who are in sell positions (short positions): If you are currently in a sell position (short position), holding your position may be the right strategy based on the consensus of our technical analysis signals. However, always be careful and monitor market developments closely.
For new positions: If you are not currently invested or are considering switching to a sell position (short position), it is recommended to consider the expected price range, which represents a potential downside of 10% based on the lowest expected price. Before entering into a selling position, be careful and do thorough research to ensure it is compatible with your risk tolerance and investment objectives.

In all your trading endeavors, the implementation of a well-defined stop loss strategy is paramount to manage potential downside risks effectively.

Useful Tips 2:, for those interested in long-term forecasting, we suggest utilizing the "predict-price" website, which offers both short-term and long-term predictions for free. This can help you make well-informed decisions for your Arcane Crypto AB (ARCANE) holdings.

Arcane Crypto AB (ARCANE) Price Analysis and Support Levels:

In our current Arcane Crypto AB (ARCANE) position, we find ourselves in a short position, anticipating a potential downward trend in the market. It's essential to have a clear understanding of the support levels that can come into play. These levels act as key reference points for traders and investors to make informed decisions.

First Support Level: 0.0166
The initial support level at 0.0166 is where we are closely monitoring the price. It serves as a critical point in our analysis. If the current downward trend persists without any signs of reversal, this level may be breached. This would imply that the selling pressure is quite substantial and might indicate further potential for price depreciation.

Second Support Level: 0.016
In the event that the first support level at 0.0166 is broken, the second support level at 0 becomes pivotal. Breaking this level suggests a stronger downward momentum, which could be attributed to market sentiment, external factors, or a combination of both.

Third Support Level: 0.0125
Now, if the price continues to decline, and the second support level at 0.016 is confirmed as broken, it would signal a significant shift in market dynamics. Remaining below this level would be a strong indication that the downward trend is persisting. In this scenario, it's not uncommon for traders to anticipate the next level of support, which is at 0.0125.

It's crucial to remember that these support levels should be looked at closely and understood in the context of overall market trends and indicators. To make well-informed decisions while trading Arcane Crypto AB (ARCANE), it's essential to stay alert and keep analyzing the market consistently. This will be valuable as we navigate the ever-changing world of Arcane Crypto AB (ARCANE) trading. By paying attention to these support levels and considering broader market dynamics, you can make smarter trading choices and adapt to the dynamic nature of this market.

Arcane Crypto AB (ARCANE) technical analysis chart

Arcane Crypto AB (ARCANE) support and resistance levels

Name Level1 Level2 Level3 Level4 Level5
Resistance 0.021 0.025 0.0262 0.0338 0.058
Support 0.0166 0.016 0.0125 0.0085 0.0082
Arcane Crypto AB (ARCANE) price movement in the coming days

Arcane Crypto AB (ARCANE) signals list for 01 May

Overall Signals
Signal 1 Signal 2
Signal 3 Signal 4

Arcane Crypto AB (ARCANE) technical analysis over the past days

# Date Overal Signals ALL Signals
1 30 Apr Hold NeutralNeutralHoldHold
2 29 Apr Sell SellHoldHoldHold
3 26 Apr Sell NeutralSellHoldHold
4 25 Apr Hold HoldNeutralHoldHold
5 24 Apr Buy BuyNeutralHoldHold
6 23 Apr Hold HoldHoldHoldHold
7 22 Apr Hold HoldHoldHoldHold
8 19 Apr Hold HoldHoldHoldHold
9 18 Apr Hold HoldHoldHoldHold
10 17 Apr Hold HoldHoldHoldHold
11 16 Apr Hold HoldHoldHoldHold
12 15 Apr Hold HoldHoldHoldHold
13 12 Apr Sell HoldSellSellSell
14 11 Apr Sell SellNeutralNeutralNeutral
15 10 Apr Buy NeutralBuyNeutralBuy
16 09 Apr Hold NeutralNeutralNeutralNeutral
17 08 Apr Buy BuyHoldHoldHold
18 05 Apr Buy NeutralBuyBuyHold
19 04 Apr Buy HoldNeutralNeutralBuy
20 03 Apr Sell SellNeutralNeutralHold
21 02 Apr Sell NeutralNeutralNeutralSell
22 28 Mar Hold HoldHoldHoldHold
23 27 Mar Hold HoldHoldHoldHold
24 26 Mar Buy HoldBuyNeutralBuy
25 25 Mar Buy BuyNeutralBuyNeutral
26 22 Mar Hold NeutralHoldNeutralNeutral
27 21 Mar Sell HoldHoldSellNeutral
28 20 Mar Hold HoldHoldNeutralNeutral
29 19 Mar Sell HoldHoldSellNeutral
30 18 Mar Sell HoldHoldNeutralNeutral

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