GemUni USD Cryptocurrency Forecast

Red day on Tuesday for GemUni USD cryptocurrency after losing 1.37%
(Updated on Apr 30, 2024)

GENIUSD Signals & Forecast

There are mixed signals in the cryptocurrency today. A sell signal was issued from a pivot top point on Tuesday, March 05, 2024, and so far it has fallen -7.58%. 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). GemUni 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. The GemUni 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 $0.00000689 and $0.00000605. A breakdown below any of these levels will issue sell signals.

Support, Risk & Stop-loss for GemUni USD cryptocurrency

On the downside, the cryptocurrency finds support just below today's level from accumulated volume at $0.0000068 and $0.00000609. 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, GemUni USD finds support just below today's level at $0.0000068. If this is broken, then the next support from accumulated volume will be at $0.00000609 and $0.00000567.

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 $0.00000045 between high and low, or 6.66%. For the last week, the cryptocurrency has had daily average volatility of 5.08%.

Our recommended stop-loss: $0.00000684 (-4.82%) (This cryptocurrency has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 56 days ago.)

Trading Expectations (GENIUSD) For The Upcoming Trading Day Of Wednesday 1st

For the upcoming trading day on Wednesday, 1st we expect GemUni USD to open at $0.00000705, and during the day (based on 14 day Average True Range), to move between $0.00000204 and $0.00001234, which gives a possible trading interval of +/-$0.00000515 (+/-71.69%) up or down from last closing price. If GemUni USD takes out the full calculated possible swing range there will be an estimated 143.39% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.00000742 (3.20%) than the support at $0.0000068 (5.42%), 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 GemUni USD cryptocurrency A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for GemUni USD cryptocurrency to perform well in the short-term.

Current score: 1.884 Buy Candidate Unchanged

Predicted Opening Price for GemUni USD of Wednesday, May 1, 2024

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