Sashimi USD Cryptocurrency Forecast

Sashimi USD cryptocurrency downgraded to Hold/Accumulate
(Updated on May 17, 2024)

SASHIMIUSD Signals & Forecast

The Sashimi USD cryptocurrency holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the cryptocurrency giving a positive forecast for the stock. On further gains, the cryptocurrency will meet resistance from the short-term Moving Average at approximately $0.0054. On a fall, the cryptocurrency will find some support from the long-term average at approximately $0.0053. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Sashimi USD has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Sunday, March 17, 2024, and so far it has fallen -34.77%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for Sashimi USD cryptocurrency

Sashimi USD finds support from accumulated volume at $0.0053 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

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 $0.00009 between high and low, or 1.71%. For the last week, the cryptocurrency has had daily average volatility of 1.29%.

Our recommended stop-loss: $0.0050 (-5.88%) (This cryptocurrency has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 61 days ago.)

Trading Expectations (SASHIMIUSD) For The Upcoming Trading Day Of Saturday 18th

For the upcoming trading day on Saturday, 18th we expect Sashimi USD to open at $0.0053, and during the day (based on 14 day Average True Range), to move between $0.0050 and $0.0057, which gives a possible trading interval of +/-$0.0003 (+/-6.24%) up or down from last closing price. If Sashimi USD takes out the full calculated possible swing range there will be an estimated 12.47% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.0053 (0.71%) than the resistance at $0.0054 (1.48%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Sashimi USD cryptocurrency A Buy?

Sashimi USD holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this cryptocurrency since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: 0.000 Hold/Accumulate Downgraded

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for Sashimi USD of Saturday, May 18, 2024

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