Lingose USD Cryptocurrency Forecast
Lingose USD cryptocurrency downgraded from Hold/Accumulate to Sell Candidate after Saturday trading session.
(Updated on May 18, 2024)
The Lingose USD cryptocurrency price gained 2.17% on the last trading day (Saturday, 18th May 2024), rising from $0.0037 to $0.0038. During the last trading day the cryptocurrency fluctuated 3.76% from a day low at $0.0036 to a day high of $0.0038. The price has fallen in 5 of the last 10 days but is still up by 2.44% over the past 2 weeks. Volume fell on the last day by -231 thousand shares and in total, 1 million shares were bought and sold for approximately $4.48 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The cryptocurrency lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the cryptocurrency is expected to fall -25.50% during the next 3 months and, with a 90% probability hold a price between $0.0015 and $0.0046 at the end of this 3-month period.
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LINGUSD Signals & Forecast
There are mixed signals in the cryptocurrency today. The Lingose 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 $0.0042. On a fall, the cryptocurrency will find some support from the short-term average at $0.0037. 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 Sunday, March 03, 2024, and so far it has fallen -52.70%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Lingose USD cryptocurrency
Lingose USD finds support from accumulated volume at $0.0037 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This cryptocurrency has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the cryptocurrency moved $0.0001 between high and low, or 3.76%. For the last week the cryptocurrency has had daily average volatility of 3.84%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (LINGUSD) For The Upcoming Trading Day Of Sunday 19th
For the upcoming trading day on Sunday, 19th we expect Lingose USD to open at $0.0037, and during the day (based on 14 day Average True Range), to move between $0.0035 and $0.0040, which gives a possible trading interval of +/-$0.0002 (+/-6.37%) up or down from last closing price. If Lingose USD takes out the full calculated possible swing range there will be an estimated 12.75% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0038 (0.74%) than the support at $0.0037 (2.12%), 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 Lingose USD cryptocurrency A Buy?
Lingose 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. 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: -4.405 Sell Candidate Downgraded
Predicted Opening Price for Lingose USD of Sunday, May 19, 2024
| Fair opening price May 19, 2024 | Current price |
|---|---|
| $0.0037 ( 1.05%) | $0.0038 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LINGUSD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0039 | 2.58 % | |
| R2 | 0.0038 | 1.19 % | ||
| R1 | 0.0038 | 0.336 % | ||
| Current price: | 0.0038 | |||
| Support | S1 | 0.0037 | -2.44 % | |
| S2 | 0.0037 | -3.29 % | ||
| S3 | 0.0036 | -4.68 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0044 | 17.38 % | |
| R2 | 0.0038 | 0.97 % | ||
| R1 | 0.0038 | 0.742 % | ||
| Current price | 0.0038 | |||
| Support | S1 | 0.0037 | -2.12% | |
| S2 | 0.0037 | -2.38% | ||
| S3 | 0.0036 | -4.16% |
FAQ
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