Aidos Kuneen USD Cryptocurrency Forecast

Aidos Kuneen USD cryptocurrency price fell more than -5.21% Wednesday closing at $0.0884
(Updated on May 01, 2024)

ADKUSD Signals & Forecast

The Aidos Kuneen USD cryptocurrency holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the cryptocurrency giving a positive forecast for the stock. On further gains, the cryptocurrency will meet resistance from the short-term Moving Average at approximately $0.0965. On a fall, the cryptocurrency will find some support from the long-term average at approximately $0.0865. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Monday, April 22, 2024, and so far it has fallen -14.26%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this cryptocurrency may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Aidos Kuneen USD cryptocurrency

On the downside, the cryptocurrency finds support just below today's level from accumulated volume at $0.0790 and $0.0786. There is a natural risk involved when a cryptocurrency is testing a support level, since if this is broken, the cryptocurrency then may fall to the next support level. In this case, Aidos Kuneen USD finds support just below today's level at $0.0790. If this is broken, then the next support from accumulated volume will be at $0.0786 and $0.0761.

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 $0.0063 between high and low, or 7.17%. For the last week the cryptocurrency has had daily average volatility of 4.04%

Our recommended stop-loss: $0.0830 (-6.04%) (This cryptocurrency has low daily movements and this gives low risk. There is a sell signal from a pivot top found 9 days ago.)

Trading Expectations (ADKUSD) For The Upcoming Trading Day Of Thursday 2nd

For the upcoming trading day on Thursday, 2nd we expect Aidos Kuneen USD to open at $0.0902, and during the day (based on 14 day Average True Range), to move between $0.0727 and $0.104, which gives a possible trading interval of +/-$0.0157 (+/-17.77%) up or down from last closing price. If Aidos Kuneen USD takes out the full calculated possible swing range there will be an estimated 35.54% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.0913 (3.34%) than the support at $0.0790 (10.64%), 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 Aidos Kuneen USD cryptocurrency A Buy?

Aidos Kuneen 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: 0.000 Hold/Accumulate Unchanged

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for Aidos Kuneen USD of Thursday, May 2, 2024

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