Groestlcoin Cryptocurrency Forecast

Evaluation of Groestlcoin cryptocurrency downgraded after the last trading session.
(Updated on Apr 29, 2024)

GRSUSD Signals & Forecast

A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 1.22%. Further rise is indicated until a new top pivot has been found. 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 Groestlcoin 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 $0.561 and $0.626. A break-up above any of these levels will issue buy signals. Groestlcoin 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".

Support, Risk & Stop-loss for Groestlcoin cryptocurrency

Groestlcoin finds support from accumulated volume at $0.537 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 $0.0284 between high and low, or 5.39%. For the last week, the cryptocurrency has had daily average volatility of 4.59%.

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

Trading Expectations (GRSUSD) For The Upcoming Trading Day Of Tuesday 30th

For the upcoming trading day on Tuesday, 30th we expect Groestlcoin to open at $0.542, and during the day (based on 14 day Average True Range), to move between $0.506 and $0.579, which gives a possible trading interval of +/-$0.0364 (+/-6.71%) up or down from last closing price. If Groestlcoin takes out the full calculated possible swing range there will be an estimated 13.43% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.545 (0.39%) than the support at $0.537 (1.02%), 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 Groestlcoin cryptocurrency A Buy?

The Groestlcoin cryptocurrency holds several negative signals and despite the positive trend, we believe Groestlcoin 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 Hold/Accumulate to a Sell candidate.

Current score: -1.892 Sell Candidate Downgraded

Predicted Opening Price for Groestlcoin of Tuesday, April 30, 2024

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