Salmonation USD Cryptocurrency Forecast
Salmonation USD cryptocurrency price down 0% on Tuesday
(Updated on May 07, 2024)
No changes to the price of Salmonation USD cryptocurrency on the last trading day (Tuesday, 7th May 2024). During the last trading day the cryptocurrency fluctuated 0% from a day low at $0.0004 to a day high of $0.0004. The price has fallen in 4 of the last 10 days but is still up by 0.53% over the past 2 weeks.
The cryptocurrency lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.0003 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the cryptocurrency is expected to rise 151.11% during the next 3 months and, with a 90% probability hold a price between $0.0008 and $0.0018 at the end of this 3-month period.
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SALUSD Signals & Forecast
There are few to no technical positive signals at the moment. The Salmonation USD cryptocurrency holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $0.0004 and $0.0004. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, April 24, 2024, and so far it has fallen -42.51%. 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). 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 Salmonation USD cryptocurrency
Salmonation USD finds support from accumulated volume at $0.0004 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 periodic low trading volume this cryptocurrency is considered to be "very high risk". 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 9.11%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SALUSD) For The Upcoming Trading Day Of Wednesday 8th
For the upcoming trading day on Wednesday, 8th we expect Salmonation USD to open at $0.0004, and during the day (based on 14 day Average True Range), to move between $0.0003 and $0.0005, which gives a possible trading interval of +/-$0.00008370 (+/-22.03%) up or down from last closing price. If Salmonation USD takes out the full calculated possible swing range there will be an estimated 44.05% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0004 (0.53%) than the resistance at $0.0004 (4.47%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Salmonation USD cryptocurrency A Buy?
The Salmonation USD cryptocurrency holds several negative signals and despite the positive trend, we believe Salmonation USD will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this cryptocurrency.
Current score: -4.573 Sell Candidate Unchanged
Predicted Opening Price for Salmonation USD of Wednesday, May 8, 2024
| Fair opening price May 8, 2024 | Current price |
|---|---|
| $0.0004 ( 0.00000000%) | $0.0004 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SALUSD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0004 | 0.00000000 % | |
| R2 | 0.0004 | 0.00000000 % | ||
| R1 | 0.0004 | 0.00000000 % | ||
| Current price: | 0.0004 | |||
| Support | S1 | 0.0004 | 0.00000000 % | |
| S2 | 0.0004 | 0.00000000 % | ||
| S3 | 0.0004 | 0.00000000 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0005 | 21.58 % | |
| R2 | 0.0004 | 6.32 % | ||
| R1 | 0.0004 | 4.47 % | ||
| Current price | 0.0004 | |||
| Support | S1 | 0.0004 | -0.526% | |
| S2 | 0.0004 | -6.58% | ||
| S3 | 0.0003 | -24.47% |
FAQ
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