Koinos USD Cryptocurrency Forecast

Big movements in Koinos USD cryptocurrency price on Monday moving 46.67% between high and low
(Updated on May 20, 2024)

KOINUSD Signals & Forecast

There are mixed signals in the cryptocurrency today. The Koinos 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 $0.0291. On a fall, the cryptocurrency will find some support from the short-term average at $0.0221. 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, February 28, 2024, and so far it has fallen -71.42%. 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). Koinos 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 Koinos USD cryptocurrency

On the downside, the cryptocurrency finds support just below today's level from accumulated volume at $0.0253 and $0.0246. There is a natural risk involved when a cryptocurrency is testing a support level, since if this is broken, the cryptocurrency then may fall to the next support level. In this case, Koinos USD finds support just below today's level at $0.0253. If this is broken, then the next support from accumulated volume will be at $0.0246 and $0.0211.

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 $0.0095 between high and low, or 46.67%. For the last week, the cryptocurrency has had daily average volatility of 22.94%.

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

Trading Expectations (KOINUSD) For The Upcoming Trading Day Of Tuesday 21st

For the upcoming trading day on Tuesday, 21st we expect Koinos USD to open at $0.0259, and during the day (based on 14 day Average True Range), to move between $0.0208 and $0.0342, which gives a possible trading interval of +/-$0.0067 (+/-24.24%) up or down from last closing price. If Koinos USD takes out the full calculated possible swing range there will be an estimated 48.48% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.0253 (7.99%) than the resistance at $0.0312 (13.45%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Koinos USD cryptocurrency A Buy?

Koinos 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: -3.300 Sell Candidate Upgraded

Predicted Opening Price for Koinos USD of Tuesday, May 21, 2024

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