Golden Inu USD Cryptocurrency Forecast

Golden Inu USD cryptocurrency upgraded from Strong Sell Candidate to Sell Candidate after Sunday trading session.
(Updated on May 19, 2024)

GOLDENUSD Signals & Forecast

There are mixed signals in the cryptocurrency today. The Golden Inu USD 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 $0.00000000. On a fall, the cryptocurrency will find some support from the short-term average at $0.00000000. 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 Tuesday, March 12, 2024, and so far it has fallen -59.42%. 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). Golden Inu USD 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 Golden Inu USD cryptocurrency

Golden Inu USD finds support from accumulated volume at $0.00000000 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 $0.00000000 between high and low, or 3.70%. For the last week, the cryptocurrency has had daily average volatility of 3.76%.

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

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

For the upcoming trading day on Monday, 20th 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 (+/-5.82%) up or down from last closing price. If Golden Inu USD takes out the full calculated possible swing range there will be an estimated 11.64% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.00000000 (3.57%) than the resistance at $0.00000000 (14.29%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Golden Inu USD cryptocurrency A Buy?

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

Current score: -3.136 Sell Candidate Upgraded

Predicted Opening Price for Golden Inu USD of Monday, May 20, 2024

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