Mythos USD Cryptocurrency Forecast

Weaker technical forecast for Mythos USD as cryptocurrency downgraded to Strong Sell Candidate.
(Updated on May 03, 2024)

MYTHUSD 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 Mythos 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 $0.448 and $0.458. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, April 22, 2024, and so far it has fallen -33.09%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss for Mythos USD cryptocurrency

On the downside, the cryptocurrency finds support just below today's level from accumulated volume at $0.311 and $0.293. 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, Mythos USD finds support just below today's level at $0.311. If this is broken, then the next support from accumulated volume will be at $0.293 and $0.291.

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 $0.0050 between high and low, or 1.35%. For the last week, the cryptocurrency has had daily average volatility of 10.49%.

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

Trading Expectations (MYTHUSD) For The Upcoming Trading Day Of Saturday 4th

For the upcoming trading day on Saturday, 4th we expect Mythos USD to open at $0.368, and during the day (based on 14 day Average True Range), to move between $0.320 and $0.414, which gives a possible trading interval of +/-$0.0471 (+/-12.83%) up or down from last closing price. If Mythos USD takes out the full calculated possible swing range there will be an estimated 25.66% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.370 (0.76%) than the support at $0.311 (15.28%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Mythos USD cryptocurrency A Buy?

The Mythos USD cryptocurrency holds several negative signals and despite the positive trend, we believe Mythos USD will perform weakly in the next couple of days or weeks. Therefore, we 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 Sell to a Strong Sell candidate.

Current score: -5.281 Strong Sell Candidate Downgraded

Predicted Opening Price for Mythos USD of Saturday, May 4, 2024

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