POOH USD Cryptocurrency Forecast

POOH USD cryptocurrency upgraded from Sell Candidate to Hold/Accumulate after Thursday trading session.
(Updated on May 16, 2024)

POOHUSD Signals & Forecast

A buy signal was issued from a pivot bottom point on Tuesday, May 14, 2024, and so far it has risen 1.01%. 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 POOH 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 $0.00000002 and $0.00000002. 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 POOH USD cryptocurrency

POOH USD finds support from accumulated volume at $0.00000002 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

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 8.65%

Our recommended stop-loss: $0.00000002 (-5.98%) (This cryptocurrency has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 2 days ago.)

Trading Expectations (POOHUSD) For The Upcoming Trading Day Of Friday 17th

For the upcoming trading day on Friday, 17th we expect POOH USD to open at $0.00000002, and during the day (based on 14 day Average True Range), to move between $0.00000002 and $0.00000002, which gives a possible trading interval of +/-$0.00000000 (+/-16.32%) up or down from last closing price. If POOH USD takes out the full calculated possible swing range there will be an estimated 32.63% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.00000002 (1.00%) than the resistance at $0.00000002 (14.99%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is POOH USD cryptocurrency A Buy?

POOH USD holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this cryptocurrency since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: -0.367 Hold/Accumulate Upgraded

Predicted Opening Price for POOH USD of Friday, May 17, 2024

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