GND Protocol USD Cryptocurrency Forecast

Red day on Sunday for GND Protocol USD cryptocurrency after losing 0%
(Updated on May 19, 2024)

GNDUSD Signals & Forecast

The GND Protocol 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 $2.78 and $2.72. A breakdown below any of these levels will issue sell signals. 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 Saturday, May 18, 2024, and so far it has fallen 0%. 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). Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for GND Protocol USD cryptocurrency

GND Protocol USD finds support from accumulated volume at $2.78 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the cryptocurrency tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the cryptocurrency During the last day, the cryptocurrency moved $0 between high and low, or 0%. For the last week the cryptocurrency has had daily average volatility of 0%

Our recommended stop-loss: $2.67 (-4.00%) (This cryptocurrency has low daily movements and this gives low risk. There is a sell signal from a pivot top found 1 day ago.)

Trading Expectations (GNDUSD) For The Upcoming Trading Day Of Monday 20th

For the upcoming trading day on Monday, 20th we expect GND Protocol USD to open at $2.78, and during the day (based on 14 day Average True Range), to move between $2.76 and $2.80, which gives a possible trading interval of +/-$0.0159 (+/-0.57%) up or down from last closing price. If GND Protocol USD takes out the full calculated possible swing range there will be an estimated 1.15% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $2.78 (0.02%) than the resistance at $2.81 (0.94%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is GND Protocol USD cryptocurrency A Buy?

GND Protocol USD holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, 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 GND Protocol USD of Monday, May 20, 2024

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