PocMon USD Cryptocurrency Forecast

A very red day for PocMon USD cryptocurrency price after a -24.50% fall in the Monday trading session
(Updated on May 06, 2024)

MONUSD Signals & Forecast

There are few to no technical positive signals at the moment. The PocMon 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 $0.0515 and $0.0522. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, March 19, 2024, and so far it has fallen -98.40%. 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 PocMon USD cryptocurrency

PocMon USD finds support from accumulated volume at $0.0465 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 $0.0044 between high and low, or 9.85%. For the last week the cryptocurrency has had daily average volatility of 37.24%.

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

Trading Expectations (MONUSD) For The Upcoming Trading Day Of Tuesday 7th

For the upcoming trading day on Tuesday, 7th we expect PocMon USD to open at $0.0471, and during the day (based on 14 day Average True Range), to move between -$0.791 and $0.89, which gives a possible trading interval of +/-$0.84 (+/-1 760.01%) up or down from last closing price. If PocMon USD takes out the full calculated possible swing range there will be an estimated 3 520.02% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.0465 (2.39%) than the resistance at $0.0503 (5.52%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is PocMon USD cryptocurrency A Buy?

PocMon 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this cryptocurrency since the last evaluation from a Hold/Accumulate to a Strong Sell candidate.

Current score: -5.662 Strong Sell Candidate Downgraded

Predicted Opening Price for PocMon USD of Tuesday, May 7, 2024

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