Free PalGold (PALG) Technical Analysis Signals | Free Crypto Technical Analysis Signals | 17 Jun

Overal Signals
Hold
Signals
Hold Hold Neutral Neutral
Last Update / Period
17 Jun / Daily
Category/Currency
Crypto/USD
Exchange/Country
CCC/--

PalGold (PALG) signal with technical analysis on 17 Jun

On May 5, 2023, we conducted a comprehensive technical analysis of Bitcoin, considering 256 signals with intricate details. Here are the key findings: 38 suggested buy signal strategies, while 83 indicated sell signal strategies. The remaining 135 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: 4
Sell Signals: 25
Neutral Signals: 35
Result: This strategy leads to a Hold position.

Strategy 2:
Buy Signals: 6
Sell Signals: 20
Neutral Signals: 38
Result: This strategy leads to a Hold position.

Strategy 3:
Buy Signals: 11
Sell Signals: 17
Neutral Signals: 36
Result: This strategy leads to a Neutral position.

Strategy 4:
Buy Signals: 17
Sell Signals: 21
Neutral Signals: 26
Result: This strategy leads to a Neutral position.

Overal Strategy :
Buy Signals: 38
Sell Signals: 83
Neutral Signals: 135
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 PalGold (PALG) 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 PalGold (PALG) 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:
PalGold (PALG) 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.
PalGold (PALG) 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 81.73% 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 PalGold (PALG) holdings.

PalGold (PALG) Price Analysis and Support Levels:

In our current PalGold (PALG) 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: 0.0012
The initial support level at 0.0012 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: 0.0011
In the event that the first support level at 0.0012 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: 0.00101
Now, if the price continues to decline, and the second support level at 0.0011 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 0.00101.

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 PalGold (PALG), it's essential to stay alert and keep analyzing the market consistently. This will be valuable as we navigate the ever-changing world of PalGold (PALG) 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.

PalGold (PALG) technical analysis chart

PalGold (PALG) support and resistance levels

Name Level1 Level2 Level3 Level4 Level5
Resistance 0.00337 0.00456 0.00603 0.00605 --
Support 0.0012 0.0011 0.00101 0.0008 0.0007
PalGold (PALG) price movement in the coming days

PalGold (PALG) signals list for 17 Jun

Overall Signals
Signal 1 Signal 2
Signal 3 Signal 4

PalGold (PALG) technical analysis over the past days

# Date Overal Signals ALL Signals
1 16 Jun Hold HoldHoldNeutralNeutral
2 15 Jun Sell HoldHoldNeutralSell
3 14 Jun Hold HoldHoldNeutralNeutral
4 13 Jun Sell SellSellNeutralNeutral
5 12 Jun Hold HoldBuyNeutralNeutral
6 11 Jun Buy BuyNeutralBuyBuy
7 10 Jun Sell SellSellNeutralNeutral
8 09 Jun Buy NeutralBuyBuyNeutral
9 08 Jun Hold NeutralNeutralNeutralNeutral
10 07 Jun Hold HoldNeutralNeutralNeutral
11 06 Jun Sell SellNeutralNeutralSell
12 05 Jun Neutral HoldHoldNeutralNeutral
13 04 Jun Neutral HoldHoldNeutralNeutral
14 03 Jun Buy BuyBuyNeutralNeutral
15 02 Jun Sell NeutralNeutralSellSell
16 01 Jun Hold NeutralHoldNeutralNeutral
17 31 May Sell SellHoldHoldHold
18 30 May Hold NeutralHoldHoldNeutral
19 29 May Hold HoldHoldHoldNeutral
20 28 May Hold HoldHoldHoldHold
21 27 May Hold HoldHoldHoldNeutral
22 26 May Sell SellSellSellNeutral
23 25 May Hold NeutralNeutralNeutralNeutral
24 24 May Buy NeutralNeutralNeutralBuy
25 23 May Hold HoldHoldNeutralNeutral
26 22 May Sell HoldHoldSellSell
27 21 May Hold HoldNeutralNeutralNeutral
28 20 May Hold SellBuyNeutralBuy
29 19 May Hold NeutralNeutralNeutralNeutral
30 18 May Hold NeutralNeutralNeutralNeutral

Users forecasts for PalGold (PALG)

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