Kitty Inu USD Cryptocurrency Forecast

Red day on Thursday for Kitty Inu USD cryptocurrency after losing 0%
(Updated on May 16, 2024)

KITTYUSD Signals & Forecast

There are mixed signals in the cryptocurrency today. The Kitty 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 $0.00000367. On a fall, the cryptocurrency will find some support from the short-term average at $0.00000286. 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 Wednesday, May 15, 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.

Buy

Special Signal Notification

Double Bottom Formation

Support, Risk & Stop-loss for Kitty Inu USD cryptocurrency

There is no support from accumulated volume below today's level and given the right condition the cryptocurrency may perform very badly in the next couple of days.

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 20.00%

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

Trading Expectations (KITTYUSD) For The Upcoming Trading Day Of Friday 17th

For the upcoming trading day on Friday, 17th we expect Kitty Inu USD to open at $0.000003, and during the day (based on 14 day Average True Range), to move between $0.00000257 and $0.00000343, which gives a possible trading interval of +/-$0.00000043 (+/-14.48%) up or down from last closing price. If Kitty Inu USD takes out the full calculated possible swing range there will be an estimated 28.96% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ $0.00000357, some $0.00000057 (19.00%) from the current price of $0.000003, our system finds the risk reward not very attractive.

Is Kitty Inu USD cryptocurrency A Buy?

Kitty 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.

Current score: -3.828 Sell Candidate Unchanged

Predicted Opening Price for Kitty Inu USD of Friday, May 17, 2024

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