GameCredits Cryptocurrency Forecast

Stronger technical forecast for GameCredits cryptocurrency price after Monday trading.
(Updated on May 27, 2024)

GAMEUSD Signals & Forecast

The GameCredits 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 $0.0088 and $0.0044. 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). GameCredits 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. 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 Friday, May 24, 2024, and so far it has fallen -6.63%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for GameCredits cryptocurrency

On the downside, the cryptocurrency finds support just below today's level from accumulated volume at $0.0086 and $0.0085. There is a natural risk involved when a cryptocurrency is testing a support level, since if this is broken, the cryptocurrency then may fall to the next support level. In this case, GameCredits finds support just below today's level at $0.0086. If this is broken, then the next support from accumulated volume will be at $0.0085 and $0.0083.

This cryptocurrency may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this cryptocurrency is considered to be "very high risk". During the last day, the cryptocurrency moved $0.0007 between high and low, or 8.01%. For the last week, the cryptocurrency has had daily average volatility of 3.62%.

Our recommended stop-loss: $0.0089 (-5.58%) (This cryptocurrency has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 4 days ago.)

Trading Expectations (GAMEUSD) For The Upcoming Trading Day Of Tuesday 28th

For the upcoming trading day on Tuesday, 28th we expect GameCredits to open at $0.0094, and during the day (based on 14 day Average True Range), to move between $0.0074 and $0.0115, which gives a possible trading interval of +/-$0.0021 (+/-21.90%) up or down from last closing price. If GameCredits takes out the full calculated possible swing range there will be an estimated 43.80% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.0086 (8.86%) than the resistance at $0.0110 (16.10%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is GameCredits 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: 1.870 Buy Candidate Upgraded

Predicted Opening Price for GameCredits of Tuesday, May 28, 2024

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