NADA Protocol Token USD Cryptocurrency Forecast

Volatile ride for NADA Protocol Token USD cryptocurrency price on Saturday moving between $0.0074 and $0.0085
(Updated on Apr 27, 2024)

NADAUSD Signals & Forecast

A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 1.11%. Further rise is indicated until a new top pivot has been found. 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 NADA Protocol Token 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 $0.0085 and $0.0116. A break-up above any of these levels will issue buy signals. NADA Protocol Token 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 NADA Protocol Token USD cryptocurrency

NADA Protocol Token USD finds support from accumulated volume at $0.0074 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 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 $0.0011 between high and low, or 15.51%. For the last week, the cryptocurrency has had daily average volatility of 15.47%.

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

Trading Expectations (NADAUSD) For The Upcoming Trading Day Of Sunday 28th

For the upcoming trading day on Sunday, 28th we expect NADA Protocol Token USD to open at $0.0078, and during the day (based on 14 day Average True Range), to move between $0.0049 and $0.0101, which gives a possible trading interval of +/-$0.0026 (+/-34.79%) up or down from last closing price. If NADA Protocol Token USD takes out the full calculated possible swing range there will be an estimated 69.58% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.0075 (0.39%) than the support at $0.0074 (1.10%), 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 NADA Protocol Token USD cryptocurrency A Buy?

NADA Protocol Token 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.

Current score: -3.096 Sell Candidate Unchanged

Predicted Opening Price for NADA Protocol Token USD of Sunday, April 28, 2024

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