Nasdacoin / US Dollar Cryptocurrency Forecast

Nasdacoin / US Dollar cryptocurrency price ended at $0.0020 on Saturday, after losing 0%.
(Updated on May 25, 2024)

NSDUSD Signals & Forecast

There are mixed signals in the cryptocurrency today. The Nasdacoin / US Dollar 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 $0.0020 and $0.0020. A break-up above any of these levels will issue buy signals. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued. A buy signal was issued from a pivot bottom point on Wednesday, April 24, 2024, and so far it has risen 0.655%. 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).

Support, Risk & Stop-loss for Nasdacoin / US Dollar cryptocurrency

Nasdacoin / US Dollar finds support from accumulated volume at $0.0019 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the cryptocurrency tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the cryptocurrency During the last day, the cryptocurrency moved $0 between high and low, or 0%. For the last week the cryptocurrency has had daily average volatility of 0%

Our recommended stop-loss: $0.0019 (-5.31%) (This cryptocurrency has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 73 days ago.)

Trading Expectations (NSDUSD) For The Upcoming Trading Day Of Sunday 26th

For the upcoming trading day on Sunday, 26th we expect Nasdacoin / US Dollar to open at $0.0020, and during the day (based on 14 day Average True Range), to move between $0.0020 and $0.0020, which gives a possible trading interval of +/-$0.00001001 (+/-0.50%) up or down from last closing price. If Nasdacoin / US Dollar takes out the full calculated possible swing range there will be an estimated 1.00% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.0020 (0.45%) than the support at $0.0019 (3.00%), 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 Nasdacoin / US Dollar cryptocurrency A Buy?

Nasdacoin / US Dollar 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: 0.000 Hold/Accumulate Unchanged

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for Nasdacoin / US Dollar of Sunday, May 26, 2024

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