NewYorkCoin Cryptocurrency Forecast

NewYorkCoin cryptocurrency price fell more than -99.70% Monday closing at $0.000002
(Updated on May 20, 2024)

NYCUSD 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 NewYorkCoin cryptocurrency holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $0.00009814 and $0.00007586. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Sunday, May 19, 2024, and so far it has fallen -99.70%. Further fall is indicated until a new bottom pivot has been found. 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. The very low volume increases the risk and reduces the other technical signals issued.

Buy

Special Signal Notification

Double Bottom Formation

Support, Risk & Stop-loss for NewYorkCoin cryptocurrency

There is no support from accumulated volume below today's level and given the right condition the cryptocurrency may perform very badly in the next couple of days.

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 10.09%

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

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

For the upcoming trading day on Tuesday, 21st we expect NewYorkCoin to open at $0.000002, and during the day (based on 14 day Average True Range), to move between -$0.0001 and $0.0001, which gives a possible trading interval of +/-$0.0001 (+/-6 657.13%) up or down from last closing price. If NewYorkCoin takes out the full calculated possible swing range there will be an estimated 13 314.26% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ $0.00000231, some $0.00000031 (15.44%) from the current price of $0.000002, our system finds the risk reward not very attractive.

Is NewYorkCoin cryptocurrency A Buy?

NewYorkCoin holds several negative signals and is within a very wide and falling trend, so we believe 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 Buy to a Sell candidate.

Current score: -2.843 Sell Candidate Downgraded

Predicted Opening Price for NewYorkCoin of Tuesday, May 21, 2024

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