Bogged USD Cryptocurrency Forecast

Bogged USD cryptocurrency price down 0.628% on Sunday
(Updated on May 19, 2024)

BOGUSD Signals & Forecast

There are few to no technical positive signals at the moment. The Bogged 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 $0.0208 and $0.0210. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, March 29, 2024, and so far it has fallen -10.85%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Bogged USD gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Bogged USD cryptocurrency

Bogged USD finds support from accumulated volume at $0.0202 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This cryptocurrency is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the cryptocurrency moved $0.0003 (1.42%) between high and low. For the last week, the cryptocurrency has had daily average volatility of 1.95%.

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

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

For the upcoming trading day on Monday, 20th we expect Bogged USD to open at $0.0207, and during the day (based on 14 day Average True Range), to move between $0.0202 and $0.0210, which gives a possible trading interval of +/-$0.0004 (+/-1.92%) up or down from last closing price. If Bogged USD takes out the full calculated possible swing range there will be an estimated 3.84% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.0202 (2.07%) than the resistance at $0.0221 (7.13%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Bogged USD cryptocurrency A Buy?

The Bogged USD cryptocurrency holds several negative signals and despite the positive trend, we believe Bogged USD will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this cryptocurrency.

Current score: -2.935 Sell Candidate Unchanged

Predicted Opening Price for Bogged USD of Monday, May 20, 2024

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