NULS / US Dollar Cryptocurrency Forecast

NULS / US Dollar cryptocurrency downgraded to Sell Candidate
(Updated on May 20, 2024)

NULSUSD Signals & Forecast

There are mixed signals in the cryptocurrency today. The NULS / US Dollar cryptocurrency holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the cryptocurrency giving a more negative forecast for the stock. On further gains, the cryptocurrency will meet resistance from the long-term Moving Average at $0.636. On a fall, the cryptocurrency will find some support from the short-term average at $0.600. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Tuesday, March 26, 2024, and so far it has fallen -31.75%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this cryptocurrency may have low liquidity in periods, which increases the general risk.

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 periodic low trading volume this cryptocurrency is considered to be "high risk". During the last day, the cryptocurrency moved $0.0260 between high and low, or 4.25%. For the last week the cryptocurrency has had daily average volatility of 4.30%.

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

Trading Expectations (NULSUSD) For The Upcoming Trading Day Of Tuesday 21st

For the upcoming trading day on Tuesday, 21st we expect NULS / US Dollar to open at $0.621, and during the day (based on 14 day Average True Range), to move between $0.558 and $0.671, which gives a possible trading interval of +/-$0.0562 (+/-9.14%) up or down from last closing price. If NULS / US Dollar takes out the full calculated possible swing range there will be an estimated 18.29% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.638 (3.87%) than the support at $0.578 (5.94%), 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 we believe that 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: -1.097 Sell Candidate Downgraded

Predicted Opening Price for NULS / US Dollar of Tuesday, May 21, 2024

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