CaliCoin USD Cryptocurrency Forecast

CaliCoin USD cryptocurrency price ended at $0.0147 on Saturday, after gaining 0.130%.
(Updated on Jun 01, 2024)

CALIUSD Signals & Forecast

Mostly positive signals in the chart today. The CaliCoin 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 $0.0145 and $0.0138. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Sunday, May 12, 2024, and so far it has risen 29.76%. 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). CaliCoin USD has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. The cryptocurrency had a Golden Star Signal on Saturday, April 13, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Monday, February 26, 2024.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the cryptocurrency in question.

Support, Risk & Stop-loss for CaliCoin USD cryptocurrency

CaliCoin USD finds support from accumulated volume at $0.0143 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 much during the day (volatility) and with a large prediction interval from the Bollinger Band this cryptocurrency is considered to be "high risk". During the last day, the cryptocurrency moved $0.0002 between high and low, or 1.06%. For the last week, the cryptocurrency has had daily average volatility of 0.725%.

The CaliCoin USD cryptocurrency is extremely overbought on RSI14 (84). Normally this may pose a good selling opportunity but since the cryptocurrency has broken the trend up, the chance for a major correction due to high RSI is very small as the cryptocurrency will find support at the trend broken.

Our recommended stop-loss: $0.0142 (-3.32%) (This cryptocurrency has high daily movements and this gives high risk. The RSI14 is 84 and this increases the risk substantially. There is a buy signal from a pivot bottom found 26 days ago.)

Trading Expectations (CALIUSD) For The Upcoming Trading Day Of Sunday 2nd

For the upcoming trading day on Sunday, 2nd we expect CaliCoin USD to open at $0.0146, and during the day (based on 14 day Average True Range), to move between $0.0141 and $0.0152, which gives a possible trading interval of +/-$0.0006 (+/-3.79%) up or down from last closing price. If CaliCoin USD takes out the full calculated possible swing range there will be an estimated 7.59% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $0.0143, some $0.0004 (2.55%) from the current price of $0.0147, our system finds the risk reward attractive.

Is CaliCoin USD cryptocurrency A Buy?

Several short-term signals are positive and the break-up from the falling trend indicates a possible shift for a trend. We believe that the prices around the breaking point will indicate particularly good levels, but we also believe that the current level will hold a possible good buy level for the short-term period.

Current score: 1.710 Buy Candidate Unchanged

Predicted Opening Price for CaliCoin USD of Sunday, June 2, 2024

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