Anoncoin / US Dollar Cryptocurrency Forecast

Weaker technical forecast for Anoncoin / US Dollar as cryptocurrency downgraded to Sell Candidate.
(Updated on May 19, 2024)

ANCUSD Signals & Forecast

There are mixed signals in the cryptocurrency today. The Anoncoin / US Dollar cryptocurrency holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $0.0466 and $0.0489. A break-up above any of these levels will issue buy signals. 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. A buy signal was issued from a pivot bottom point on Wednesday, May 01, 2024, and so far it has risen 5.08%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Anoncoin / US Dollar cryptocurrency

Anoncoin / US Dollar finds support from accumulated volume at $0.0446 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This cryptocurrency has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the cryptocurrency moved $0.0011 between high and low, or 2.45%. For the last week the cryptocurrency has had daily average volatility of 2.48%.

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

Trading Expectations (ANCUSD) For The Upcoming Trading Day Of Monday 20th

For the upcoming trading day on Monday, 20th we expect Anoncoin / US Dollar to open at $0.0459, and during the day (based on 14 day Average True Range), to move between $0.0426 and $0.0485, which gives a possible trading interval of +/-$0.0029 (+/-6.46%) up or down from last closing price. If Anoncoin / US Dollar takes out the full calculated possible swing range there will be an estimated 12.93% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.0446 (2.09%) than the resistance at $0.0521 (14.36%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Anoncoin / US Dollar cryptocurrency A Buy?

Anoncoin / US Dollar 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this cryptocurrency since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -1.489 Sell Candidate Downgraded

Predicted Opening Price for Anoncoin / US Dollar of Monday, May 20, 2024

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