Sashimi USD Cryptocurrency Forecast
Evaluation of Sashimi USD cryptocurrency downgraded after the last trading session.
(Updated on Jun 01, 2024)
The Sashimi USD cryptocurrency price fell by -3.69% on the last day (Saturday, 1st Jun 2024) from $0.0054 to $0.0052. It has now fallen 4 days in a row. During the last trading day the cryptocurrency fluctuated 4.25% from a day low at $0.0052 to a day high of $0.0054. The price has fallen in 6 of the last 10 days and is down by -3.37% for this period. Volume fell on the last day along with the cryptocurrency, which is actually a good sign as volume should follow the cryptocurrency. On the last day, the trading volume fell by -3 thousand shares and in total, 20 thousand shares were bought and sold for approximately $103.61 .
The cryptocurrency lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.0046 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the cryptocurrency is expected to fall -7.17% during the next 3 months and, with a 90% probability hold a price between $0.0043 and $0.0071 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
SASHIMIUSD Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Sashimi 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 $0.0057 and $0.0053. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Sunday, April 21, 2024, and so far it has fallen -28.90%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this cryptocurrency may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Sashimi USD cryptocurrency
Sashimi USD finds support from accumulated volume at $0.0052 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 much during the day (volatility) and with periodic low trading volume this cryptocurrency is considered to be "high risk". During the last day, the cryptocurrency moved $0.0002 between high and low, or 4.25%. For the last week the cryptocurrency has had daily average volatility of 21.10%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SASHIMIUSD) For The Upcoming Trading Day Of Sunday 2nd
For the upcoming trading day on Sunday, 2nd we expect Sashimi USD to open at $0.0053, and during the day (based on 14 day Average True Range), to move between $0.0047 and $0.0057, which gives a possible trading interval of +/-$0.0005 (+/-9.98%) up or down from last closing price. If Sashimi USD takes out the full calculated possible swing range there will be an estimated 19.97% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0052 (0.29%) than the resistance at $0.0053 (1.63%), 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 negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this cryptocurrency. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this cryptocurrency since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -3.234 Sell Candidate Downgraded
Predicted Opening Price for Sashimi USD of Sunday, June 2, 2024
| Fair opening price June 2, 2024 | Current price |
|---|---|
| $0.0053 ( 1.25%) | $0.0052 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SASHIMIUSD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0055 | 5.49 % | |
| R2 | 0.0054 | 3.87 % | ||
| R1 | 0.0054 | 2.87 % | ||
| Current price: | 0.0052 | |||
| Support | S1 | 0.0052 | -0.373 % | |
| S2 | 0.0051 | -1.37 % | ||
| S3 | 0.0051 | -2.99 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0055 | 5.01 % | |
| R2 | 0.0054 | 3.30 % | ||
| R1 | 0.0053 | 1.63 % | ||
| Current price | 0.0052 | |||
| Support | S1 | 0.0052 | -0.288% | |
| S2 | 0.0051 | -1.46% | ||
| S3 | 0.0050 | -4.76% |
FAQ
Click here for our free guide on how to buy Sashimi USD Cryptocurrency.
