Golden Inu USD Cryptocurrency Forecast

Golden Inu USD cryptocurrency price fell more than -8.33% Wednesday closing at $0.00000000
(Updated on May 01, 2024)

GOLDENUSD 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 Golden Inu USD 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 $0.00000000 and $0.00000000. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, March 12, 2024, and so far it has fallen -52.17%. Further fall is indicated until a new bottom pivot has been found. Golden Inu 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 Golden Inu USD cryptocurrency

On the downside, the cryptocurrency finds support just below today's level from accumulated volume at $0.00000000 and $0.00000000. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $0.00000000 may give a huge drop in the cryptocurrency price.

This cryptocurrency has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the cryptocurrency moved $0.00000000 between high and low, or 3.13%. For the last week, the cryptocurrency has had daily average volatility of 2.37%.

Our recommended stop-loss: $0.00000000 (-5.14%) (This cryptocurrency has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 50 days ago.)

Trading Expectations (GOLDENUSD) For The Upcoming Trading Day Of Thursday 2nd

For the upcoming trading day on Thursday, 2nd we expect Golden Inu USD to open at $0.00000000, and during the day (based on 14 day Average True Range), to move between $0.00000000 and $0.00000000, which gives a possible trading interval of +/-$0.00000000 (+/-7.82%) up or down from last closing price. If Golden Inu USD takes out the full calculated possible swing range there will be an estimated 15.65% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.00000000 (3.03%) than the support at $0.00000000 (21.21%), 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 Golden Inu USD cryptocurrency A Buy?

Golden Inu 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. We have upgraded our analysis conclusion for this cryptocurrency since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: 0.000 Hold/Accumulate Upgraded

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 Golden Inu USD of Thursday, May 2, 2024

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