Naka Bodhi Token USD Cryptocurrency Forecast
Naka Bodhi Token USD cryptocurrency price ended at $0.0044 on Wednesday, after losing 0.86%.
(Updated on May 08, 2024)
The Naka Bodhi Token USD cryptocurrency price fell by -0.86% on the last day (Wednesday, 8th May 2024) from $0.0044 to $0.0044. It has now fallen 3 days in a row. During the last trading day the cryptocurrency fluctuated 1.83% from a day low at $0.0043 to a day high of $0.0044. The price has fallen in 6 of the last 10 days and is down by -5.62% for this period. Volume has increased on the last day by 1 thousand 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, 24 thousand shares were bought and sold for approximately $104.94 .
The cryptocurrency lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.0042 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the cryptocurrency is expected to rise 14.04% during the next 3 months and, with a 90% probability hold a price between $0.0048 and $0.0068 at the end of this 3-month period.
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NBOTUSD Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, May 01, 2024, and so far it has risen 6.07%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Naka Bodhi 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 $0.0045 and $0.0046. 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). Naka Bodhi 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 Naka Bodhi Token USD cryptocurrency
Naka Bodhi Token USD finds support from accumulated volume at $0.0042 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 much during the day (volatility) and with a large prediction interval from the Bollinger Band this cryptocurrency is considered to be "high risk". During the last day, the cryptocurrency moved $0.000079 between high and low, or 1.83%. For the last week, the cryptocurrency has had daily average volatility of 3.26%.
Our recommended stop-loss: $0.0042 (-3.56%) (This cryptocurrency has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 7 days ago.)
Trading Expectations (NBOTUSD) For The Upcoming Trading Day Of Thursday 9th
For the upcoming trading day on Thursday, 9th we expect Naka Bodhi Token USD to open at $0.0044, and during the day (based on 14 day Average True Range), to move between $0.0039 and $0.0048, which gives a possible trading interval of +/-$0.0004 (+/-9.85%) up or down from last closing price. If Naka Bodhi Token USD takes out the full calculated possible swing range there will be an estimated 19.70% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0042 (3.66%) than the resistance at $0.0046 (6.05%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Naka Bodhi Token USD cryptocurrency A Buy?
Naka Bodhi Token USD holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.025 Hold/Accumulate Unchanged
Predicted Opening Price for Naka Bodhi Token USD of Thursday, May 9, 2024
| Fair opening price May 9, 2024 | Current price |
|---|---|
| $0.0044 ( 0.0076%) | $0.0044 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NBOTUSD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0044 | 1.82 % | |
| R2 | 0.0044 | 1.13 % | ||
| R1 | 0.0044 | 0.699 % | ||
| Current price: | 0.0044 | |||
| Support | S1 | 0.0043 | -0.684 % | |
| S2 | 0.0043 | -1.11 % | ||
| S3 | 0.0043 | -1.80 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0049 | 11.75 % | |
| R2 | 0.0048 | 9.73 % | ||
| R1 | 0.0046 | 6.05 % | ||
| Current price | 0.0044 | |||
| Support | S1 | 0.0042 | -3.66% | |
| S2 | 0.0041 | -6.53% | ||
| S3 | 0.0038 | -13.24% |
FAQ
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