Level Finance USD Cryptocurrency Forecast

Red day on Sunday for Level Finance USD
(Updated on May 19, 2024)

LVLUSD Signals & Forecast

There are few to no technical positive signals at the moment. The Level Finance 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 $0.197 and $0.225. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, March 13, 2024, and so far it has fallen -73.85%. 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). 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 Level Finance 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 much during the day (volatility) and with periodic low trading volume this cryptocurrency is considered to be "high risk". During the last day, the cryptocurrency moved $0.0051 between high and low, or 2.68%. For the last week the cryptocurrency has had daily average volatility of 2.46%.

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

Trading Expectations (LVLUSD) For The Upcoming Trading Day Of Monday 20th

For the upcoming trading day on Monday, 20th we expect Level Finance USD to open at $0.190, and during the day (based on 14 day Average True Range), to move between $0.178 and $0.200, which gives a possible trading interval of +/-$0.0109 (+/-5.79%) up or down from last closing price. If Level Finance USD takes out the full calculated possible swing range there will be an estimated 11.57% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ $0.219, some $0.0299 (15.81%) from the current price of $0.189, our system finds the risk reward not very attractive.

Is Level Finance USD cryptocurrency A Buy?

Level Finance 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.

Current score: -7.125 Strong Sell Candidate Unchanged

Predicted Opening Price for Level Finance USD of Monday, May 20, 2024

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