Tenset USD Cryptocurrency Forecast

Red day on Thursday for Tenset USD cryptocurrency after losing 0%
(Updated on May 16, 2024)

10SETUSD Signals & Forecast

There are mixed signals in the cryptocurrency today. The Tenset USD cryptocurrency holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the cryptocurrency giving a more negative forecast for the stock. On further gains, the cryptocurrency will meet resistance from the long-term Moving Average at $1.11. On a fall, the cryptocurrency will find some support from the short-term average at $0.98. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Tuesday, May 14, 2024, and so far it has fallen -0.675%. 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 Tenset USD cryptocurrency

Tenset USD finds support from accumulated volume at $0.95 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 2.03%

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (10SETUSD) For The Upcoming Trading Day Of Friday 17th

For the upcoming trading day on Friday, 17th we expect Tenset USD to open at $0.98, and during the day (based on 14 day Average True Range), to move between $0.91 and $1.05, which gives a possible trading interval of +/-$0.0686 (+/-7.00%) up or down from last closing price. If Tenset USD takes out the full calculated possible swing range there will be an estimated 14.00% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.95 (2.67%) than the resistance at $1.03 (5.44%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Tenset USD cryptocurrency A Buy?

Tenset USD holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this cryptocurrency.

Current score: -1.655 Sell Candidate Unchanged

Predicted Opening Price for Tenset USD of Friday, May 17, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.