Maggie / US Dollar Cryptocurrency Forecast

Red day on Monday for Maggie / US Dollar cryptocurrency after losing 0%
(Updated on Aug 15, 2022)

MAGUSD Signals & Forecast

There are mixed signals in the cryptocurrency today. The Maggie / US Dollar 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 $0.0106 and $0.121. A break-up above any of these levels will issue buy signals. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued. A buy signal was issued from a pivot bottom point on Monday, August 08, 2022, and so far it has risen 0.104%. 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).

Sell

Special Signal Notification

Double Top Formation

Support, Risk & Stop-loss for Maggie / US Dollar cryptocurrency

Maggie / US Dollar finds support from accumulated volume at $0.0106 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the cryptocurrency tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the cryptocurrency During the last day, the cryptocurrency moved $0 between high and low, or 0%. For the last week the cryptocurrency has had daily average volatility of 0%

Our recommended stop-loss: $0.0099 (-6.53%) (This cryptocurrency has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 7 days ago.)

Trading Expectations (MAGUSD) For The Upcoming Trading Day Of Tuesday 16th

For the upcoming trading day on Tuesday, 16th we expect Maggie / US Dollar to open at $0.0106, and during the day (based on 14 day Average True Range), to move between -$0.0005 and $0.0218, which gives a possible trading interval of +/-$0.0111 (+/-104.75%) up or down from last closing price. If Maggie / US Dollar takes out the full calculated possible swing range there will be an estimated 209.50% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.0106 (0.04%) than the resistance at $0.0107 (0.38%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Maggie / US Dollar cryptocurrency A Buy?

Maggie / US Dollar holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: 0.000 Hold/Accumulate Unchanged

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for Maggie / US Dollar of Tuesday, August 16, 2022

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