Luna Inu USD Cryptocurrency Forecast
Red day on Wednesday for Luna Inu USD cryptocurrency after losing 1.41%
(Updated on May 01, 2024)
The Luna Inu USD cryptocurrency price fell by -1.41% on the last day (Wednesday, 1st May 2024) from $0.00000001 to $0.00000001. During the last trading day the cryptocurrency fluctuated 6.02% from a day low at $0.00000001 to a day high of $0.00000001. The price has fallen in 6 of the last 10 days and is down by -23.86% for this period. Volume fell on the last day along with the cryptocurrency, which is actually a good sign as volume should follow the cryptocurrency. On the last day, the trading volume fell by -4 thousand shares and in total, 180 thousand shares were bought and sold for approximately $0.0010 .
The cryptocurrency lies in the lower part of a very wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.00000000 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the cryptocurrency is expected to rise 5.32% during the next 3 months and, with a 90% probability hold a price between $0.00000000 and $0.00000004 at the end of this 3-month period.
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LINUUSD Signals & Forecast
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 Luna Inu USD 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 $0.00000001 and $0.00000001. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, March 05, 2024, and so far it has fallen -84.45%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this cryptocurrency may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Luna Inu USD cryptocurrency
Luna Inu USD finds support from accumulated volume at $0.00000001 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 periodic low trading volume this cryptocurrency is considered to be "very high risk". During the last day, the cryptocurrency moved $0.00000000 between high and low, or 6.02%. For the last week the cryptocurrency has had daily average volatility of 8.92%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (LINUUSD) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect Luna Inu USD to open at $0.00000001, and during the day (based on 14 day Average True Range), to move between $0.00000000 and $0.00000001, which gives a possible trading interval of +/-$0.00000000 (+/-21.74%) up or down from last closing price. If Luna Inu USD takes out the full calculated possible swing range there will be an estimated 43.48% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.00000001 (3.16%) than the resistance at $0.00000001 (13.94%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Luna Inu USD cryptocurrency A Buy?
The Luna Inu USD cryptocurrency holds several negative signals and despite the positive trend, we believe Luna Inu USD will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this cryptocurrency.
Current score: -3.382 Sell Candidate Unchanged
Predicted Opening Price for Luna Inu USD of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| $0.00000001 ( 0.200%) | $0.00000001 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LINUUSD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.00000001 | 6.06 % | |
| R2 | 0.00000001 | 3.82 % | ||
| R1 | 0.00000001 | 2.44 % | ||
| Current price: | 0.00000001 | |||
| Support | S1 | 0.00000001 | -2.04 % | |
| S2 | 0.00000001 | -3.42 % | ||
| S3 | 0.00000001 | -5.66 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.00000001 | 24.37 % | |
| R2 | 0.00000001 | 15.23 % | ||
| R1 | 0.00000001 | 13.94 % | ||
| Current price | 0.00000001 | |||
| Support | S1 | 0.00000001 | -3.16% | |
| S2 | 0.00000000 | -11.98% | ||
| S3 | 0.00000000 | -12.94% |
FAQ
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