BOSagora USD Cryptocurrency Forecast

BOSagora USD cryptocurrency price ended at $0.0179 on Thursday, after losing 0%.
(Updated on May 16, 2024)

BOAUSD Signals & Forecast

The BOSagora USD cryptocurrency holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the cryptocurrency has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $0.0176 and $0.0178. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, May 15, 2024, and so far it has fallen 0%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. 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 BOSagora USD cryptocurrency

BOSagora USD finds support from accumulated volume at $0.0173 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 7.76%

Our recommended stop-loss: $0.0169 (-5.86%) (This cryptocurrency has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 1 day ago.)

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

For the upcoming trading day on Friday, 17th we expect BOSagora USD to open at $0.0179, and during the day (based on 14 day Average True Range), to move between $0.0166 and $0.0192, which gives a possible trading interval of +/-$0.0013 (+/-7.12%) up or down from last closing price. If BOSagora USD takes out the full calculated possible swing range there will be an estimated 14.23% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.0173 (3.27%) than the resistance at $0.0189 (5.59%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is BOSagora USD cryptocurrency A Buy?

BOSagora 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: 0.406 Hold/Accumulate Unchanged

Predicted Opening Price for BOSagora USD of Friday, May 17, 2024

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