Olive Cash USD Cryptocurrency Forecast

Olive Cash USD cryptocurrency price down 0% on Friday
(Updated on Jun 28, 2024)

OLIVEUSD Signals & Forecast

A buy signal was issued from a pivot bottom point on Wednesday, June 26, 2024, and so far it has fallen 0%. 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. The Olive Cash USD 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 $0.0007 and $0.0008. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Olive Cash USD 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.

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 $0.000015 between high and low, or 2.30%. For the last week the cryptocurrency has had daily average volatility of 4.65%.

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

Trading Expectations (OLIVEUSD) For The Upcoming Trading Day Of Saturday 29th

For the upcoming trading day on Saturday, 29th we expect Olive Cash USD to open at $0.0007, and during the day (based on 14 day Average True Range), to move between $0.0006 and $0.0007, which gives a possible trading interval of +/-$0.00002594 (+/-3.98%) up or down from last closing price. If Olive Cash USD takes out the full calculated possible swing range there will be an estimated 7.96% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ $0.0007, some $0.0000604 (9.26%) from the current price of $0.0007, our system finds the risk reward not very attractive.

Is Olive Cash USD cryptocurrency A Buy?

Olive Cash USD 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.

Current score: -3.410 Sell Candidate Unchanged

Predicted Opening Price for Olive Cash USD of Saturday, June 29, 2024

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