Nasdacoin / US Dollar Cryptocurrency Forecast
Red day on Thursday for Nasdacoin / US Dollar cryptocurrency after losing 0%
(Updated on Jun 06, 2024)
No changes to the price of Nasdacoin / US Dollar cryptocurrency on the last trading day (Thursday, 6th Jun 2024). During the last trading day the cryptocurrency fluctuated 0% from a day low at $0.0020 to a day high of $0.0020. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks.
The cryptocurrency lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the cryptocurrency is expected to fall -11.26% during the next 3 months and, with a 90% probability hold a price between $0.0016 and $0.0019 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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NSDUSD Signals & Forecast
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. Some negative signals were issued as well, and these may have some influence on the near short-term development. 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.
Support, Risk & Stop-loss for Nasdacoin / US Dollar cryptocurrency
Nasdacoin / US Dollar finds support from accumulated volume at $0.0020 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 (-5.15%) (This cryptocurrency has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 85 days ago.)
Trading Expectations (NSDUSD) For The Upcoming Trading Day Of Friday 7th
For the upcoming trading day on Friday, 7th 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 +/-$0.00000403 (+/-0.20%) up or down from last closing price. If Nasdacoin / US Dollar takes out the full calculated possible swing range there will be an estimated 0.40% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0020 (0.40%) than the resistance at $0.0022 (9.61%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
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 Friday, June 7, 2024
| Fair opening price June 7, 2024 | Current price |
|---|---|
| $0.0020 ( 0%) | $0.0020 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NSDUSD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0020 | - |
| R2 | 0.0020 | - |
| R1 | 0.0020 | - |
| Price | 0.0020 | |
| S1 | 0.0020 | - |
| S2 | 0.0020 | - |
| S3 | 0.0020 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0023 | 13.72% |
| R2 | 0.0022 | 11.37% |
| R1 | 0.0022 | 9.61% |
| Price | 0.0020 | |
| S1 | 0.0020 | -0.401% |
| S2 | 0.0020 | -1.05% |
| S3 | 0.0020 | -1.45% |
FAQ
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