Metaverse ETP USD Cryptocurrency Forecast

Red day on Sunday for Metaverse ETP USD cryptocurrency after losing 0.0222%
(Updated on May 19, 2024)

ETPUSD Signals & Forecast

There are few to no technical positive signals at the moment. The Metaverse ETP 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 $0.0135 and $0.0139. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, March 07, 2024, and so far it has fallen -48.90%. 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). Metaverse ETP 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 Metaverse ETP USD cryptocurrency

Metaverse ETP USD finds support from accumulated volume at $0.0134 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This cryptocurrency has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the cryptocurrency moved $0.000024 between high and low, or 0.178%. For the last week, the cryptocurrency has had daily average volatility of 1.10%.

Metaverse ETP USD is oversold on RSI14 (6). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.

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

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

For the upcoming trading day on Monday, 20th we expect Metaverse ETP USD to open at $0.0135, and during the day (based on 14 day Average True Range), to move between $0.0132 and $0.0139, which gives a possible trading interval of +/-$0.0004 (+/-2.60%) up or down from last closing price. If Metaverse ETP USD takes out the full calculated possible swing range there will be an estimated 5.20% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.0134 (0.64%) than the resistance at $0.0143 (5.65%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Metaverse ETP USD cryptocurrency A Buy?

Metaverse ETP USD holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this cryptocurrency.

Current score: -3.914 Sell Candidate Unchanged

Predicted Opening Price for Metaverse ETP USD of Monday, May 20, 2024

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