Naka Bodhi Token USD Cryptocurrency Forecast

Naka Bodhi Token USD cryptocurrency price ended at $0.0046 on Sunday, after losing 1.81%.
(Updated on May 19, 2024)

NBOTUSD Signals & Forecast

The Naka Bodhi Token USD cryptocurrency holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the cryptocurrency has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $0.0046 and $0.0046. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, May 01, 2024, and so far it has risen 11.81%. 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. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this cryptocurrency may have low liquidity in periods, which increases the general risk. 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 $0.0046 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This cryptocurrency has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the cryptocurrency moved $0.0002 between high and low, or 3.48%. For the last week the cryptocurrency has had daily average volatility of 5.28%.

Our recommended stop-loss: $0.0044 (-5.45%) (This cryptocurrency has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 18 days ago.)

Trading Expectations (NBOTUSD) For The Upcoming Trading Day Of Monday 20th

For the upcoming trading day on Monday, 20th we expect Naka Bodhi Token USD to open at $0.0047, and during the day (based on 14 day Average True Range), to move between $0.0042 and $0.0050, which gives a possible trading interval of +/-$0.0004 (+/-8.45%) 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 16.90% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.0046 (0.61%) than the support at $0.0046 (0.65%), 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 Naka Bodhi Token USD cryptocurrency A Buy?

Naka Bodhi Token USD holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: -0.089 Hold/Accumulate Unchanged

Predicted Opening Price for Naka Bodhi Token USD of Monday, May 20, 2024

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