MintCoin Cryptocurrency Forecast

Red day on Saturday for MintCoin
(Updated on Jun 08, 2024)

MINTUSD Signals & Forecast

The MintCoin 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 $0.0039. On a fall, the cryptocurrency will find some support from the long-term average at approximately $0.0037. 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. A buy signal was issued from a pivot bottom point on Tuesday, May 14, 2024, and so far it has risen 20.25%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). MintCoin 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 MintCoin cryptocurrency

MintCoin finds support from accumulated volume at $0.0037 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 $0.00006162 between high and low, or 1.66%. For the last week, the cryptocurrency has had daily average volatility of 1.79%.

Our recommended stop-loss: $0.0036 (-3.46%) (This cryptocurrency has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 87 days ago.)

Trading Expectations (MINTUSD) For The Upcoming Trading Day Of Sunday 9th

For the upcoming trading day on Sunday, 9th we expect MintCoin to open at $0.0037, and during the day (based on 14 day Average True Range), to move between $0.0036 and $0.0038, which gives a possible trading interval of +/-$0.0001 (+/-2.85%) up or down from last closing price. If MintCoin takes out the full calculated possible swing range there will be an estimated 5.71% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.0037 (1.45%) than the resistance at $0.0042 (12.24%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is MintCoin cryptocurrency A Buy?

MintCoin 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: -0.136 Hold/Accumulate Unchanged

Predicted Opening Price for MintCoin of Sunday, June 9, 2024

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