Round X USD Cryptocurrency Forecast

Round X USD cryptocurrency price ended at $0.000047 on Thursday, after losing 0%.
(Updated on May 30, 2024)

RNDXUSD Signals & Forecast

There are mixed signals in the cryptocurrency today. The Round X 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 $0.00004786 and $0.0000494. A break-up above any of these levels will issue buy signals. 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. A buy signal was issued from a pivot bottom point on Sunday, May 05, 2024, and so far it has risen 2.17%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).

Sell

Special Signal Notification

Double Top Formation

A sell signal from a double top formation was found on Wednesday, March 20, 2024 with a target of $0.0000544. Despite whether the objective of the signal formation has been reached the cryptocurrency may continue to fall.

Support, Risk & Stop-loss for Round X USD cryptocurrency

Round X USD finds support from accumulated volume at $0.000046 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 controlled movements and therefore the general risk is considered 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 $0.000002 between high and low, or 4.26%. For the last week the cryptocurrency has had daily average volatility of 3.39%.

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

Trading Expectations (RNDXUSD) For The Upcoming Trading Day Of Friday 31st

For the upcoming trading day on Friday, 31st we expect Round X USD to open at $0.00004767, and during the day (based on 14 day Average True Range), to move between $0.00004471 and $0.00004929, which gives a possible trading interval of +/-$0.00000229 (+/-4.87%) up or down from last closing price. If Round X USD takes out the full calculated possible swing range there will be an estimated 9.75% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.000046 (2.13%) than the resistance at $0.000048 (2.13%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Round X USD cryptocurrency A Buy?

Round X USD holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this cryptocurrency.

Current score: -3.520 Sell Candidate Unchanged

Predicted Opening Price for Round X USD of Friday, May 31, 2024

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