Nahmii USD Cryptocurrency Forecast

High volatility in Nahmii USD cryptocurrency price on Saturday which ended trading at $0.0004
(Updated on May 18, 2024)

NIIUSD Signals & Forecast

Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Nahmii USD has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. 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 Nahmii USD cryptocurrency holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $0.0004 and $0.0004. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, May 06, 2024, and so far it has fallen -10.65%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for Nahmii USD cryptocurrency

Nahmii USD finds support from accumulated volume at $0.0004 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 $0.000044 between high and low, or 11.17%. For the last week, the cryptocurrency has had daily average volatility of 3.50%.

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

Trading Expectations (NIIUSD) For The Upcoming Trading Day Of Sunday 19th

For the upcoming trading day on Sunday, 19th we expect Nahmii USD to open at $0.0004, and during the day (based on 14 day Average True Range), to move between $0.0004 and $0.0005, which gives a possible trading interval of +/-$0.00003412 (+/-7.97%) up or down from last closing price. If Nahmii USD takes out the full calculated possible swing range there will be an estimated 15.94% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.0004 (0.23%) than the support at $0.0004 (2.34%), 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 Nahmii USD cryptocurrency A Buy?

Nahmii 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this cryptocurrency since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -1.839 Sell Candidate Downgraded

Predicted Opening Price for Nahmii USD of Sunday, May 19, 2024

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