Investin USD Cryptocurrency Forecast

Evaluation of Investin USD cryptocurrency downgraded after the last trading session.
(Updated on May 25, 2024)

IVNUSD Signals & Forecast

The Investin USD cryptocurrency holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the cryptocurrency giving a positive forecast for the stock. On further gains, the cryptocurrency will meet resistance from the short-term Moving Average at approximately $0.397. On a fall, the cryptocurrency will find some support from the long-term average at approximately $0.327. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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. A sell signal was issued from a pivot top point on Wednesday, May 22, 2024, and so far it has fallen -5.88%. Further fall is indicated until a new bottom pivot has been found. Investin 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 Investin USD cryptocurrency

Investin USD finds support from accumulated volume at $0.377 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 $0.0018 between high and low, or 0.458%. For the last week, the cryptocurrency has had daily average volatility of 2.60%.

Our recommended stop-loss: $0.377 (-3.03%) (This cryptocurrency has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 25 days ago.)

Trading Expectations (IVNUSD) For The Upcoming Trading Day Of Sunday 26th

For the upcoming trading day on Sunday, 26th we expect Investin USD to open at $0.388, and during the day (based on 14 day Average True Range), to move between $0.373 and $0.404, which gives a possible trading interval of +/-$0.0153 (+/-3.94%) up or down from last closing price. If Investin USD takes out the full calculated possible swing range there will be an estimated 7.88% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.400 (2.97%) than the support at $0.377 (2.98%), 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 Investin USD cryptocurrency A Buy?

Investin 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this cryptocurrency since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: 0.000 Hold/Accumulate Downgraded

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 Investin USD of Sunday, May 26, 2024

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