Moola Market USD Cryptocurrency Forecast
Big movements in Moola Market USD cryptocurrency price on Sunday moving 17.87% between high and low
(Updated on May 19, 2024)
The Moola Market USD cryptocurrency price fell by -15.11% on the last day (Sunday, 19th May 2024) from $0.0092 to $0.0078. During the last trading day the cryptocurrency fluctuated 17.87% from a day low at $0.0077 to a day high of $0.0091. The price has fallen in 5 of the last 10 days and is down by -13.3% for this period. Volume has increased on the last day by 529 shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 539 shares were bought and sold for approximately $4.20 .
The cryptocurrency lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the cryptocurrency is expected to rise 11.98% during the next 3 months and, with a 90% probability hold a price between $0.0057 and $0.0198 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
MOOUSD 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 Moola Market 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 $0.0084 and $0.0089. 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 12, 2024, and so far it has fallen -52.00%. Further fall is indicated until a new bottom pivot has been found. Moola Market USD 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 Moola Market USD cryptocurrency
Moola Market USD finds support from accumulated volume at $0.0078 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 $0.0014 between high and low, or 17.87%. For the last week, the cryptocurrency has had daily average volatility of 7.26%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (MOOUSD) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Moola Market USD to open at $0.0082, and during the day (based on 14 day Average True Range), to move between $0.0072 and $0.0084, which gives a possible trading interval of +/-$0.0006 (+/-7.70%) up or down from last closing price. If Moola Market USD takes out the full calculated possible swing range there will be an estimated 15.41% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0078 (0.13%) than the resistance at $0.0081 (3.55%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Moola Market USD cryptocurrency A Buy?
The Moola Market USD cryptocurrency holds several negative signals and despite the positive trend, we believe Moola Market USD will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this cryptocurrency.
Current score: -4.638 Sell Candidate Unchanged
Predicted Opening Price for Moola Market USD of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| $0.0082 ( 5.58%) | $0.0078 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MOOUSD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0096 | 23.37 % | |
| R2 | 0.0091 | 16.57 % | ||
| R1 | 0.0087 | 12.38 % | ||
| Current price: | 0.0078 | |||
| Support | S1 | 0.0077 | -1.21 % | |
| S2 | 0.0074 | -5.40 % | ||
| S3 | 0.0068 | -12.20 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0090 | 15.26 % | |
| R2 | 0.0086 | 10.23 % | ||
| R1 | 0.0081 | 3.55 % | ||
| Current price | 0.0078 | |||
| Support | S1 | 0.0078 | -0.128% | |
| S2 | 0.0075 | -3.02% | ||
| S3 | 0.0067 | -14.20% |
FAQ
Click here for our free guide on how to buy Moola Market USD Cryptocurrency.
