Graphene USD Cryptocurrency Forecast

Big movements in Graphene USD cryptocurrency price on Tuesday moving 29.41% between high and low
(Updated on May 07, 2024)

GFNUSD Signals & Forecast

There are few to no technical positive signals at the moment. The Graphene USD cryptocurrency holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $0.0002 and $0.0002. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Sunday, May 05, 2024, and so far it has fallen -72.75%. 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). Graphene 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 Graphene USD cryptocurrency

On the downside, the cryptocurrency finds support just below today's level from accumulated volume at $0.0001 and $0.000098. 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, Graphene USD finds support just below today's level at $0.0001. If this is broken, then the next support from accumulated volume will be at $0.000098 and $0.000097.

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 $0.000035 between high and low, or 29.41%. For the last week, the cryptocurrency has had daily average volatility of 43.96%.

Our recommended stop-loss: $0.0001 (-5.30%) (This cryptocurrency has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 2 days ago.)

Trading Expectations (GFNUSD) For The Upcoming Trading Day Of Wednesday 8th

For the upcoming trading day on Wednesday, 8th we expect Graphene USD to open at $0.0001, and during the day (based on 14 day Average True Range), to move between $0.00000561 and $0.0002, which gives a possible trading interval of +/-$0.0001 (+/-95.36%) up or down from last closing price. If Graphene USD takes out the full calculated possible swing range there will be an estimated 190.72% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.0001 (7.44%) than the resistance at $0.0001 (14.88%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Graphene USD cryptocurrency A Buy?

Graphene 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 Graphene USD of Wednesday, May 8, 2024

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