Secret / US Dollar Cryptocurrency Forecast

Volatile ride for Secret / US Dollar cryptocurrency price on Tuesday moving between $0.364 and $0.410
(Updated on Apr 30, 2024)

SCRTUSD 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 Secret / US Dollar 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 $0.418 and $0.519. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, March 13, 2024, and so far it has fallen -53.35%. Further fall is indicated until a new bottom pivot has been found. Secret / US Dollar gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".

Support, Risk & Stop-loss for Secret / US Dollar cryptocurrency

Secret / US Dollar finds support from accumulated volume at $0.361 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 a large prediction interval from the Bollinger Band this cryptocurrency is considered to be "high risk". During the last day, the cryptocurrency moved $0.0462 between high and low, or 12.68%. For the last week, the cryptocurrency has had daily average volatility of 6.15%.

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

Trading Expectations (SCRTUSD) For The Upcoming Trading Day Of Wednesday 1st

For the upcoming trading day on Wednesday, 1st we expect Secret / US Dollar to open at $0.381, and during the day (based on 14 day Average True Range), to move between $0.334 and $0.406, which gives a possible trading interval of +/-$0.0360 (+/-9.75%) up or down from last closing price. If Secret / US Dollar takes out the full calculated possible swing range there will be an estimated 19.51% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.361 (2.25%) than the resistance at $0.402 (8.71%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Secret / US Dollar cryptocurrency A Buy?

The Secret / US Dollar cryptocurrency holds several negative signals and despite the positive trend, we believe Secret / US Dollar will perform weakly in the next couple of days or weeks. Therefore, we 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 Sell to a Strong Sell candidate.

Current score: -5.838 Strong Sell Candidate Downgraded

Predicted Opening Price for Secret / US Dollar of Wednesday, May 1, 2024

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