Liquid Staking Derivatives USD Cryptocurrency Forecast

Liquid Staking Derivatives USD cryptocurrency upgraded from Strong Sell Candidate to Sell Candidate after Tuesday trading session.
(Updated on May 07, 2024)

LSDUSD Signals & Forecast

A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 2.60%. Further rise is indicated until a new top pivot has been found. 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 Liquid Staking Derivatives 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 $0.0159 and $0.0186. A break-up above any of these levels will issue buy signals. Liquid Staking Derivatives 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 Liquid Staking Derivatives USD cryptocurrency

Liquid Staking Derivatives USD finds support from accumulated volume at $0.0156 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 and with good trading volume, the risk is considered to be medium. During the last day, the cryptocurrency moved $0.0007 between high and low, or 4.35%. For the last week, the cryptocurrency has had daily average volatility of 5.11%.

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

Trading Expectations (LSDUSD) For The Upcoming Trading Day Of Wednesday 8th

For the upcoming trading day on Wednesday, 8th we expect Liquid Staking Derivatives USD to open at $0.0158, and during the day (based on 14 day Average True Range), to move between $0.0140 and $0.0172, which gives a possible trading interval of +/-$0.0016 (+/-10.53%) up or down from last closing price. If Liquid Staking Derivatives USD takes out the full calculated possible swing range there will be an estimated 21.07% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.0156 (0.27%) than the resistance at $0.0159 (1.77%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Liquid Staking Derivatives USD cryptocurrency A Buy?

Liquid Staking Derivatives 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: -3.795 Sell Candidate Upgraded

Predicted Opening Price for Liquid Staking Derivatives USD of Wednesday, May 8, 2024

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