Calo USD Cryptocurrency Forecast

Red day on Saturday for Calo USD cryptocurrency after losing 0.157%
(Updated on May 18, 2024)

CALOUSD Signals & Forecast

There are few to no technical positive signals at the moment. The Calo 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 $0.0025 and $0.0026. 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 15, 2024, and so far it has fallen -15.62%. 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). Calo 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 Calo USD cryptocurrency

Calo USD finds support from accumulated volume at $0.0025 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 $0.000004 (0.158%) between high and low. For the last week, the cryptocurrency has had daily average volatility of 1.47%.

Our recommended stop-loss: $0.0024 (-5.22%) (This cryptocurrency has low daily movements and this gives low risk. There is a sell signal from a pivot top found 64 days ago.)

Trading Expectations (CALOUSD) For The Upcoming Trading Day Of Sunday 19th

For the upcoming trading day on Sunday, 19th we expect Calo USD to open at $0.0025, and during the day (based on 14 day Average True Range), to move between $0.0025 and $0.0026, which gives a possible trading interval of +/-$0.00004843 (+/-1.91%) up or down from last closing price. If Calo USD takes out the full calculated possible swing range there will be an estimated 3.81% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.0025 (0.87%) than the resistance at $0.0026 (2.80%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Calo USD cryptocurrency A Buy?

Calo 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 Calo USD of Sunday, May 19, 2024

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