Cramer Coin USD Cryptocurrency Forecast

A very strong day for Cramer Coin USD cryptocurrency price on Saturday
(Updated on May 18, 2024)

CRAMERUSD Signals & Forecast

The Cramer Coin 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 $0.0007 and $0.0006. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Wednesday, March 06, 2024, and so far it has fallen -89.78%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Cramer Coin USD cryptocurrency

Cramer Coin USD finds support from accumulated volume at $0.0009 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 very much during the day (volatility) and with periodic low trading volume this cryptocurrency is considered to be "very high risk". During the last day, the cryptocurrency moved $0.000077 between high and low, or 9.20%. For the last week the cryptocurrency has had daily average volatility of 15.55%.

Our recommended stop-loss: $0.0008 (-5.06%) (This cryptocurrency has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 73 days ago.)

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

For the upcoming trading day on Sunday, 19th we expect Cramer Coin USD to open at $0.0009, and during the day (based on 14 day Average True Range), to move between $0.0008 and $0.0010, which gives a possible trading interval of +/-$0.0001 (+/-12.59%) up or down from last closing price. If Cramer Coin USD takes out the full calculated possible swing range there will be an estimated 25.19% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.0009 (0.79%) than the support at $0.0009 (1.47%), 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 Cramer Coin USD cryptocurrency A Buy?

Several short-term signals are positive, despite the cryptocurrency being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for cryptocurrency to perform well in the short-term. We have upgraded our analysis conclusion for this cryptocurrency since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 2.543 Buy Candidate Upgraded

Predicted Opening Price for Cramer Coin USD of Sunday, May 19, 2024

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