Goldcoin Cryptocurrency Forecast

Volatile ride for Goldcoin cryptocurrency price on Tuesday moving between $0.0084 and $0.0094
(Updated on Apr 30, 2024)

GLCUSD Signals & Forecast

There are mixed signals in the cryptocurrency today. The Goldcoin cryptocurrency holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the cryptocurrency giving a more negative forecast for the stock. On further gains, the cryptocurrency will meet resistance from the long-term Moving Average at $0.0094. On a fall, the cryptocurrency will find some support from the short-term average at $0.0089. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Thursday, February 15, 2024, and so far it has fallen -50.17%. 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). Goldcoin 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.

Support, Risk & Stop-loss for Goldcoin cryptocurrency

Goldcoin finds support from accumulated volume at $0.0091 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 much during the day (volatility) and with a large prediction interval from the Bollinger Band this cryptocurrency is considered to be "high risk". During the last day, the cryptocurrency moved $0.0010 between high and low, or 12.44%. For the last week, the cryptocurrency has had daily average volatility of 10.55%.

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

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

For the upcoming trading day on Wednesday, 1st we expect Goldcoin to open at $0.0090, and during the day (based on 14 day Average True Range), to move between $0.0080 and $0.0104, which gives a possible trading interval of +/-$0.0012 (+/-12.85%) up or down from last closing price. If Goldcoin takes out the full calculated possible swing range there will be an estimated 25.69% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.0091 (0.69%) than the resistance at $0.0094 (2.76%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Goldcoin cryptocurrency A Buy?

Goldcoin holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this cryptocurrency.

Current score: -2.006 Sell Candidate Unchanged

Predicted Opening Price for Goldcoin of Wednesday, May 1, 2024

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