Multiverse USD Cryptocurrency Forecast

Multiverse USD cryptocurrency price down 0% on Tuesday
(Updated on Jun 25, 2024)

MVSUSD Signals & Forecast

A buy signal was issued from a pivot bottom point on Friday, June 21, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the cryptocurrency should be watched more closely at it may be a "turning point". 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 Multiverse 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 $0.00004029 and $0.00004094. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Multiverse USD cryptocurrency

There is no support from accumulated volume below today's level and given the right condition the cryptocurrency may perform very badly in the next couple of days.

In general the cryptocurrency tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the cryptocurrency moved $0 between high and low, or 0%. For the last week the cryptocurrency has had daily average volatility of 0.500%.

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

Trading Expectations (MVSUSD) For The Upcoming Trading Day Of Wednesday 26th

For the upcoming trading day on Wednesday, 26th we expect Multiverse USD to open at $0.00004, and during the day (based on 14 day Average True Range), to move between $0.00003987 and $0.00004013, which gives a possible trading interval of +/-$0.00000013 (+/-0.32%) up or down from last closing price. If Multiverse USD takes out the full calculated possible swing range there will be an estimated 0.63% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ $0.000041, some $0.000001 (2.50%) from the current price of $0.00004, our system finds the risk reward not very attractive.

Is Multiverse USD cryptocurrency A Buy?

Multiverse USD holds several negative signals and is within a 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: -1.781 Sell Candidate Unchanged

Predicted Opening Price for Multiverse USD of Wednesday, June 26, 2024

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