Score Token USD Cryptocurrency Forecast

Score Token USD cryptocurrency upgraded from Sell Candidate to Hold/Accumulate after Friday trading session.
(Updated on May 17, 2024)

SCOUSD Signals & Forecast

There are mixed signals in the cryptocurrency today. The Score Token USD cryptocurrency holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the cryptocurrency giving a more negative forecast for the stock. On further gains, the cryptocurrency will meet resistance from the long-term Moving Average at $0.00001206. On a fall, the cryptocurrency will find some support from the short-term average at $0.00001171. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Monday, April 08, 2024, and so far it has fallen -25.00%. 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 gained on the last day while the price remained unchanged. This is not a classical divergence, but the cryptocurrency should be watched more closely at it may be a "turning point". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Score Token USD cryptocurrency

On the downside, the cryptocurrency finds support just below today's level from accumulated volume at $0.000011 and $0.00001. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $0.00001 may give a huge drop in the cryptocurrency price.

This cryptocurrency may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this cryptocurrency is considered to be "high risk". During the last day, the cryptocurrency moved $0.000001 between high and low, or 9.09%. For the last week, the cryptocurrency has had daily average volatility of 5.45%.

Our recommended stop-loss: $0.00001130 (-5.86%) (This cryptocurrency has high daily movements and this gives high risk. There is a sell signal from a pivot top found 39 days ago.)

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

For the upcoming trading day on Saturday, 18th we expect Score Token USD to open at $0.00001167, and during the day (based on 14 day Average True Range), to move between $0.00001111 and $0.00001289, which gives a possible trading interval of +/-$0.00000089 (+/-7.45%) up or down from last closing price. If Score Token USD takes out the full calculated possible swing range there will be an estimated 14.91% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.000013 (8.33%) than the support at $0.000011 (8.33%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Score Token USD cryptocurrency A Buy?

Score Token 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. We have upgraded our analysis conclusion for this cryptocurrency since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: 0.000 Hold/Accumulate Upgraded

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 Score Token USD of Saturday, May 18, 2024

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