Monkeys Token USD Cryptocurrency Forecast

Red day on Friday for Monkeys Token USD cryptocurrency after losing 2.29%
(Updated on Jun 28, 2024)

MONKEYSUSD Signals & Forecast

There are few to no technical positive signals at the moment. The Monkeys Token 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 $0.00000137 and $0.00000195. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, May 24, 2024, and so far it has fallen -66.32%. 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 Monkeys Token USD cryptocurrency

Monkeys Token USD finds support from accumulated volume at $0.00000126 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 $0.00000005 between high and low, or 3.94%. For the last week the cryptocurrency has had daily average volatility of 2.58%.

Monkeys Token USD is oversold on RSI14 (9). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.

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

Trading Expectations (MONKEYSUSD) For The Upcoming Trading Day Of Saturday 29th

For the upcoming trading day on Saturday, 29th we expect Monkeys Token USD to open at $0.00000129, and during the day (based on 14 day Average True Range), to move between $0.00000119 and $0.00000137, which gives a possible trading interval of +/-$0.00000009 (+/-7.02%) up or down from last closing price. If Monkeys Token USD takes out the full calculated possible swing range there will be an estimated 14.04% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.00000126 (1.56%) than the resistance at $0.00000131 (2.34%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Monkeys Token USD cryptocurrency A Buy?

The Monkeys Token USD cryptocurrency holds several negative signals and despite the positive trend, we believe Monkeys Token USD will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this cryptocurrency.

Current score: -4.476 Sell Candidate Unchanged

Predicted Opening Price for Monkeys Token USD of Saturday, June 29, 2024

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