BigONE Token Cryptocurrency Forecast

Red day on Wednesday for BigONE Token
(Updated on May 15, 2024)

ONEUSD 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 BigONE Token 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 $0.0196 and $0.0206. 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 12, 2024, and so far it has fallen -49.76%. Further fall is indicated until a new bottom pivot has been found. BigONE Token gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for BigONE Token cryptocurrency

On the downside, the cryptocurrency finds support just below today's level from accumulated volume at $0.0174 and $0.0172. 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, BigONE Token finds support just below today's level at $0.0174. If this is broken, then the next support from accumulated volume will be at $0.0172 and $0.0169.

This cryptocurrency has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the cryptocurrency moved $0.0011 between high and low, or 5.72%. For the last week, the cryptocurrency has had daily average volatility of 6.89%.

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

Trading Expectations (ONEUSD) For The Upcoming Trading Day Of Thursday 16th

For the upcoming trading day on Thursday, 16th we expect BigONE Token to open at $0.0188, and during the day (based on 14 day Average True Range), to move between $0.0166 and $0.0204, which gives a possible trading interval of +/-$0.0019 (+/-10.48%) up or down from last closing price. If BigONE Token takes out the full calculated possible swing range there will be an estimated 20.96% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.0192 (3.62%) than the support at $0.0174 (5.73%), 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 BigONE Token cryptocurrency A Buy?

BigONE Token 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: -4.742 Sell Candidate Unchanged

Predicted Opening Price for BigONE Token of Thursday, May 16, 2024

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