The Paradox Metaverse USD Cryptocurrency Forecast

The Paradox Metaverse USD cryptocurrency price fell more than -12.96% Friday closing at $0.0003
(Updated on May 03, 2024)

PARADOXUSD Signals & Forecast

There are few to no technical positive signals at the moment. The The Paradox Metaverse 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 $0.0006 and $0.0007. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Saturday, April 13, 2024, and so far it has fallen -81.79%. 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). The Paradox Metaverse USD 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 The Paradox Metaverse USD cryptocurrency

The Paradox Metaverse USD finds support from accumulated volume at $0.0003 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This cryptocurrency may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this cryptocurrency is considered to be "very high risk". During the last day, the cryptocurrency moved $0.000013 between high and low, or 5.04%. For the last week, the cryptocurrency has had daily average volatility of 35.52%.

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

Trading Expectations (PARADOXUSD) For The Upcoming Trading Day Of Saturday 4th

For the upcoming trading day on Saturday, 4th we expect The Paradox Metaverse USD to open at $0.0003, and during the day (based on 14 day Average True Range), to move between $0.00009089 and $0.0004, which gives a possible trading interval of +/-$0.0002 (+/-65.31%) up or down from last closing price. If The Paradox Metaverse USD takes out the full calculated possible swing range there will be an estimated 130.62% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.0003 (2.67%) than the resistance at $0.0003 (10.69%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is The Paradox Metaverse USD cryptocurrency A Buy?

The The Paradox Metaverse USD cryptocurrency holds several negative signals and despite the positive trend, we believe The Paradox Metaverse USD will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this cryptocurrency.

Current score: -3.031 Sell Candidate Unchanged

Predicted Opening Price for The Paradox Metaverse USD of Saturday, May 4, 2024

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