BiTToken USD Stock Forecast

Red day on Friday for BiTToken USD
(Updated on Jun 28, 2024)

BITTUSD 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 BiTToken USD stock 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 $0.0056 and $0.0101. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, June 27, 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 BiTToken USD stock

BiTToken USD finds support from accumulated volume at $0.0054 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock 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 stock During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 0%

Our recommended stop-loss: $0.0053 (-4.02%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 2 days ago.)

Trading Expectations (BITTUSD) For The Upcoming Trading Day Of Saturday 29th

For the upcoming trading day on Saturday, 29th we expect BiTToken USD to open at $0.0056, and during the day (based on 14 day Average True Range), to move between $0.0037 and $0.0074, which gives a possible trading interval of +/-$0.0019 (+/-33.46%) up or down from last closing price. If BiTToken USD takes out the full calculated possible swing range there will be an estimated 66.91% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.0057 (1.93%) than the support at $0.0054 (3.33%), 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 BiTToken USD stock A Buy?

BiTToken USD holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation 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 BiTToken USD of Saturday, June 29, 2024

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