AllSafe USD Cryptocurrency Forecast

AllSafe USD cryptocurrency upgraded to Buy Candidate.
(Updated on May 18, 2024)

ASAFEUSD Signals & Forecast

The AllSafe USD cryptocurrency holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $0.0011 and $0.0009. A breakdown below any of these levels will issue sell signals. 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 Tuesday, May 14, 2024, and so far it has fallen -23.85%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for AllSafe USD cryptocurrency

AllSafe USD finds support from accumulated volume at $0.0012 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This cryptocurrency may move very much during the day (volatility) and with periodic low trading volume this cryptocurrency is considered to be "very high risk". During the last day, the cryptocurrency moved $0.000011 between high and low, or 0.94%. For the last week the cryptocurrency has had daily average volatility of 1.69%.

Our recommended stop-loss: $0.0011 (-5.28%) (This cryptocurrency has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 4 days ago.)

Trading Expectations (ASAFEUSD) For The Upcoming Trading Day Of Sunday 19th

For the upcoming trading day on Sunday, 19th we expect AllSafe USD to open at $0.0012, and during the day (based on 14 day Average True Range), to move between $0.0011 and $0.0013, which gives a possible trading interval of +/-$0.00009652 (+/-8.24%) up or down from last closing price. If AllSafe USD takes out the full calculated possible swing range there will be an estimated 16.47% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.0012 (0.09%) than the resistance at $0.0013 (12.54%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is AllSafe USD cryptocurrency A Buy?

Several short-term signals are positive, despite the cryptocurrency being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for cryptocurrency to perform well in the short-term. We have upgraded our analysis conclusion for this cryptocurrency since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 2.762 Buy Candidate Upgraded

Predicted Opening Price for AllSafe USD of Sunday, May 19, 2024

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