Astra DAO USD Cryptocurrency Forecast

Astra DAO USD cryptocurrency upgraded from Strong Sell Candidate to Sell Candidate after Thursday trading session.
(Updated on May 16, 2024)

ASTRADAOUSD Signals & Forecast

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. The Astra DAO USD 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 $0.00000003 and $0.00000004. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, May 15, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. 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 Astra DAO USD cryptocurrency

Astra DAO USD finds support from accumulated volume at $0.00000003 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 5.40%

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

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

For the upcoming trading day on Friday, 17th we expect Astra DAO USD to open at $0.00000003, and during the day (based on 14 day Average True Range), to move between $0.00000003 and $0.00000003, which gives a possible trading interval of +/-$0.00000000 (+/-8.88%) up or down from last closing price. If Astra DAO USD takes out the full calculated possible swing range there will be an estimated 17.76% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.00000003 (3.83%) than the resistance at $0.00000003 (12.58%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Astra DAO USD cryptocurrency A Buy?

Astra DAO USD holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this cryptocurrency. We have upgraded our analysis conclusion for this cryptocurrency since the last evaluation from a Strong Sell to a Sell candidate.

Current score: -4.570 Sell Candidate Upgraded

Predicted Opening Price for Astra DAO USD of Friday, May 17, 2024

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