Golem / US Dollar Cryptocurrency Forecast

Weaker technical forecast for Golem / US Dollar as cryptocurrency downgraded to Strong Sell Candidate.
(Updated on Apr 26, 2024)

GLMUSD Signals & Forecast

Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Golem / US Dollar 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 $0.404 and $0.483. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Sunday, March 03, 2024, and so far it has fallen -47.20%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the cryptocurrency should be followed more closely.

Support, Risk & Stop-loss for Golem / US Dollar cryptocurrency

Golem / US Dollar finds support from accumulated volume at $0.368 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 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 $0.0150 between high and low, or 3.97%. For the last week, the cryptocurrency has had daily average volatility of 7.70%.

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

Trading Expectations (GLMUSD) For The Upcoming Trading Day Of Saturday 27th

For the upcoming trading day on Saturday, 27th we expect Golem / US Dollar to open at $0.386, and during the day (based on 14 day Average True Range), to move between $0.333 and $0.439, which gives a possible trading interval of +/-$0.0532 (+/-13.77%) up or down from last closing price. If Golem / US Dollar takes out the full calculated possible swing range there will be an estimated 27.54% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.368 (4.84%) than the resistance at $0.409 (5.75%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Golem / US Dollar cryptocurrency A Buy?

The Golem / US Dollar cryptocurrency holds several negative signals and despite the positive trend, we believe Golem / US Dollar will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this cryptocurrency. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this cryptocurrency since the last evaluation from a Sell to a Strong Sell candidate.

Current score: -5.156 Strong Sell Candidate Downgraded

Predicted Opening Price for Golem / US Dollar of Saturday, April 27, 2024

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