Misbloc / US Dollar Cryptocurrency Forecast

High volatility in Misbloc / US Dollar cryptocurrency price on Wednesday which ended trading at $0.0004
(Updated on Apr 24, 2024)

MSBUSD Signals & Forecast

A buy signal was issued from a pivot bottom point on Saturday, April 20, 2024, and so far it has risen 17.94%. Further rise is indicated until a new top pivot has been found. Misbloc / US Dollar has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Misbloc / US Dollar cryptocurrency holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the cryptocurrency giving a more negative forecast for the stock. On further gains, the cryptocurrency will meet resistance from the long-term Moving Average at $0.0005. On a fall, the cryptocurrency will find some support from the short-term average at $0.0004. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Misbloc / US Dollar cryptocurrency

On the downside, the cryptocurrency finds support just below today's level from accumulated volume at $0.0004 and $0.0004. There is a natural risk involved when a cryptocurrency is testing a support level, since if this is broken, the cryptocurrency then may fall to the next support level. In this case, Misbloc / US Dollar finds support just below today's level at $0.0004. If this is broken, then the next support from accumulated volume will be at $0.0004 and $0.0003.

This cryptocurrency may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this cryptocurrency is considered to be "very high risk". During the last day, the cryptocurrency moved $0.000059 between high and low, or 16.08%. For the last week, the cryptocurrency has had daily average volatility of 23.14%.

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

Trading Expectations (MSBUSD) For The Upcoming Trading Day Of Thursday 25th

For the upcoming trading day on Thursday, 25th we expect Misbloc / US Dollar to open at $0.0004, and during the day (based on 14 day Average True Range), to move between $0.0003 and $0.0005, which gives a possible trading interval of +/-$0.00007713 (+/-19.23%) up or down from last closing price. If Misbloc / US Dollar takes out the full calculated possible swing range there will be an estimated 38.47% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.0004 (6.23%) than the resistance at $0.0004 (6.73%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Misbloc / US Dollar cryptocurrency A Buy?

Misbloc / US Dollar holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this cryptocurrency. We have upgraded our analysis conclusion for this cryptocurrency since the last evaluation from a Strong Sell to a Sell candidate.

Current score: -3.736 Sell Candidate Upgraded

Predicted Opening Price for Misbloc / US Dollar of Thursday, April 25, 2024

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