Netrum USD Cryptocurrency Forecast

On Tuesday, Netrum USD cryptocurrency price gained an impressive 119.09%
(Updated on Jul 02, 2024)

NTRUSD Signals & Forecast

The Netrum 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 $0.0006 and $0.0007. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, June 28, 2024, and so far it has risen 119.62%. Further rise is indicated until a new top pivot has been found. Netrum 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Netrum USD cryptocurrency

On the downside, the cryptocurrency finds support just below today's level from accumulated volume at $0.0008 and $0.0007. There is a natural risk involved when a cryptocurrency is testing a support level, since if this is broken, the cryptocurrency then may fall to the next support level. In this case, Netrum USD finds support just below today's level at $0.0008. If this is broken, then the next support from accumulated volume will be at $0.0007 and $0.0007.

This cryptocurrency may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this cryptocurrency is considered to be "very high risk". During the last day, the cryptocurrency moved $0.000022 between high and low, or 2.45%. For the last week, the cryptocurrency has had daily average volatility of 15.51%.

Our recommended stop-loss: $0.0009 (-3.76%) (This cryptocurrency has very high daily movements and this gives very high risk. There is a buy signal from a pivot bottom found 6 days ago.)

Trading Expectations (NTRUSD) For The Upcoming Trading Day Of Wednesday 3rd

For the upcoming trading day on Wednesday, 3rd we expect Netrum USD to open at $0.0009, and during the day (based on 14 day Average True Range), to move between $0.0009 and $0.0010, which gives a possible trading interval of +/-$0.00005551 (+/-6.05%) up or down from last closing price. If Netrum USD takes out the full calculated possible swing range there will be an estimated 12.09% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.0008 (11.87%) than the resistance at $0.0011 (16.99%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Netrum USD cryptocurrency A Buy?

Several short-term signals are positive, despite the cryptocurrency being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for cryptocurrency to perform well in the short-term. We have upgraded our analysis conclusion for this cryptocurrency since the last evaluation from a Sell to a Buy candidate.

Current score: 3.396 Buy Candidate Upgraded

Predicted Opening Price for Netrum USD of Wednesday, July 3, 2024

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