Score Token USD Cryptocurrency Forecast

Red day on Sunday for Score Token USD
(Updated on Jun 16, 2024)

SCOUSD Signals & Forecast

There are few to no technical positive signals at the moment. The Score Token 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 $0.00001057 and $0.00001143. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, April 08, 2024, and so far it has fallen -37.50%. 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 Score Token USD cryptocurrency

On the downside, the cryptocurrency finds support just below today's level from accumulated volume at $0.000009 and $0.000008. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $0.000008 may give a huge drop in the cryptocurrency price.

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 between high and low, or 0%. For the last week the cryptocurrency has had daily average volatility of 2.00%.

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

Trading Expectations (SCOUSD) For The Upcoming Trading Day Of Monday 17th

For the upcoming trading day on Monday, 17th we expect Score Token USD to open at $0.00001, and during the day (based on 14 day Average True Range), to move between $0.00000943 and $0.00001057, which gives a possible trading interval of +/-$0.00000057 (+/-5.73%) up or down from last closing price. If Score Token USD takes out the full calculated possible swing range there will be an estimated 11.45% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.000011 (10.00%) than the support at $0.000009 (10.00%), 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 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.

Current score: -6.054 Strong Sell Candidate Unchanged

Predicted Opening Price for Score Token USD of Monday, June 17, 2024

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