NULS / US Dollar Cryptocurrency Forecast

Red day on Monday for NULS / US Dollar
(Updated on Apr 29, 2024)

NULSUSD Signals & Forecast

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. The NULS / 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 $0.670 and $0.744. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, March 26, 2024, and so far it has fallen -29.78%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the cryptocurrency should be followed more closely.

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

On the downside, the cryptocurrency finds support just below today's level from accumulated volume at $0.578 and $0.564. 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, NULS / US Dollar finds support just below today's level at $0.578. If this is broken, then the next support from accumulated volume will be at $0.564 and $0.543.

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 $0.0435 between high and low, or 6.94%. For the last week, the cryptocurrency has had daily average volatility of 13.08%.

Our recommended stop-loss: $0.600 (-5.16%) (This cryptocurrency has high daily movements and this gives high risk. There is a sell signal from a pivot top found 34 days ago.)

Trading Expectations (NULSUSD) For The Upcoming Trading Day Of Tuesday 30th

For the upcoming trading day on Tuesday, 30th we expect NULS / US Dollar to open at $0.643, and during the day (based on 14 day Average True Range), to move between $0.549 and $0.716, which gives a possible trading interval of +/-$0.0836 (+/-13.23%) up or down from last closing price. If NULS / US Dollar takes out the full calculated possible swing range there will be an estimated 26.46% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.685 (8.30%) than the support at $0.578 (8.57%), 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 NULS / US Dollar cryptocurrency A Buy?

NULS / US Dollar holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: -0.463 Hold/Accumulate Unchanged

Predicted Opening Price for NULS / US Dollar of Tuesday, April 30, 2024

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