MojoCoin USD Cryptocurrency Forecast

MojoCoin USD cryptocurrency price up more than 7.91% on Tuesday
(Updated on Jul 02, 2024)

MOJOUSD Signals & Forecast

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 MojoCoin 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 $0.0003 and $0.0010. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, April 08, 2024, and so far it has fallen -94.76%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for MojoCoin USD cryptocurrency

MojoCoin USD finds support from accumulated volume at $0.0003 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 very much during the day (volatility) and with periodic low trading volume this cryptocurrency is considered to be "very high risk". During the last day, the cryptocurrency moved $0.000022 between high and low, or 7.91%. For the last week the cryptocurrency has had daily average volatility of 34.38%.

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

Trading Expectations (MOJOUSD) For The Upcoming Trading Day Of Wednesday 3rd

For the upcoming trading day on Wednesday, 3rd we expect MojoCoin USD to open at $0.0003, and during the day (based on 14 day Average True Range), to move between -$0.00001637 and $0.0006, which gives a possible trading interval of +/-$0.0003 (+/-105.46%) up or down from last closing price. If MojoCoin USD takes out the full calculated possible swing range there will be an estimated 210.92% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.0003 (1.67%) than the support at $0.0003 (2.67%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is MojoCoin USD cryptocurrency A Buy?

MojoCoin 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: -6.259 Strong Sell Candidate Unchanged

Predicted Opening Price for MojoCoin USD of Wednesday, July 3, 2024

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