Lisk USD Cryptocurrency Forecast

Green day on Sunday for Lisk USD cryptocurrency after gaining 0.327%
(Updated on May 12, 2024)

LSKUSD Signals & Forecast

The Lisk USD cryptocurrency holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the cryptocurrency giving a positive forecast for the stock. On further gains, the cryptocurrency will meet resistance from the short-term Moving Average at approximately $1.91. On a fall, the cryptocurrency will find some support from the long-term average at approximately $1.76. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The cryptocurrency should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Friday, April 26, 2024, and so far it has fallen -11.91%. 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). The cryptocurrency had a Golden Star Signal on Wednesday, July 26, 2023 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the cryptocurrency in question.

Support, Risk & Stop-loss for Lisk USD cryptocurrency

Lisk USD finds support from accumulated volume at $1.76 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 much during the day (volatility) and with a large prediction interval from the Bollinger Band this cryptocurrency is considered to be "high risk". During the last day, the cryptocurrency moved $0.101 between high and low, or 5.51%. For the last week, the cryptocurrency has had daily average volatility of 5.36%.

Our recommended stop-loss: $1.77 (-4.11%) (This cryptocurrency has high daily movements and this gives high risk. There is a sell signal from a pivot top found 16 days ago.)

Trading Expectations (LSKUSD) For The Upcoming Trading Day Of Monday 13th

For the upcoming trading day on Monday, 13th we expect Lisk USD to open at $1.87, and during the day (based on 14 day Average True Range), to move between $1.68 and $2.01, which gives a possible trading interval of +/-$0.166 (+/-9.04%) up or down from last closing price. If Lisk USD takes out the full calculated possible swing range there will be an estimated 18.07% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $1.76 (4.24%) than the resistance at $2.02 (9.45%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Lisk USD cryptocurrency A Buy?

Lisk USD holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: -0.118 Hold/Accumulate Unchanged

Predicted Opening Price for Lisk USD of Monday, May 13, 2024

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