LODE Token USD Cryptocurrency Forecast
LODE Token USD cryptocurrency upgraded to Sell Candidate.
(Updated on May 07, 2024)
The LODE Token USD cryptocurrency price fell by -0.143% on the last day (Tuesday, 7th May 2024) from $0.0883 to $0.0882. It has now fallen 8 days in a row. During the last trading day the cryptocurrency fluctuated 0.578% from a day low at $0.0880 to a day high of $0.0886. The price has fallen in 8 of the last 10 days and is down by -22.38% for this period. Volume has increased on the last day by 4 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 50 thousand shares were bought and sold for approximately $4.43 thousand.
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 -52.77% during the next 3 months and, with a 90% probability hold a price between $0.0200 and $0.0891 at the end of this 3-month period.
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LODEUSD Signals & Forecast
There are few to no technical positive signals at the moment. The LODE Token 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 $0.0956 and $0.145. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Sunday, March 31, 2024, and so far it has fallen -68.08%. 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). LODE Token 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 LODE Token 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.
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 $0.0005 between high and low, or 0.578%. For the last week, the cryptocurrency has had daily average volatility of 1.12%.
LODE Token USD is oversold on RSI14 (3). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (LODEUSD) For The Upcoming Trading Day Of Wednesday 8th
For the upcoming trading day on Wednesday, 8th we expect LODE Token USD to open at $0.0883, and during the day (based on 14 day Average True Range), to move between $0.0786 and $0.0978, which gives a possible trading interval of +/-$0.0096 (+/-10.85%) up or down from last closing price. If LODE Token USD takes out the full calculated possible swing range there will be an estimated 21.70% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $0.0883, some $0.0002 (0.18%) from the current price of $0.0882, our system finds the risk reward not very attractive.
Is LODE Token USD cryptocurrency A Buy?
LODE Token USD holds several negative signals and is within a very wide and falling trend, so we believe 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: -4.444 Sell Candidate Upgraded
Predicted Opening Price for LODE Token USD of Wednesday, May 8, 2024
Fair opening price May 8, 2024 | Current price |
---|---|
$0.0883 ( 0.0896%) | $0.0882 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LODEUSD
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.0888 | 0.667 % | |
R2 | 0.0886 | 0.446 % | ||
R1 | 0.0885 | 0.310 % | ||
Current price: | 0.0882 | |||
Support | S1 | 0.0881 | -0.131 % | |
S2 | 0.0879 | -0.267 % | ||
S3 | 0.0878 | -0.488 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.102 | 15.52 % | |
R2 | 0.0900 | 2.02 % | ||
R1 | 0.0883 | 0.177 % | ||
Current price | 0.0882 | |||
Support | S1 | 0 | . | |
S2 | 0 | . | ||
S3 | 0 | . |
FAQ
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