Secure Cash USD Cryptocurrency Forecast

Volatile ride for Secure Cash USD cryptocurrency price on Saturday moving between $0.0162 and $0.0189
(Updated on Jun 01, 2024)

SCSXUSD Signals & Forecast

A buy signal was issued from a pivot bottom point on Tuesday, May 28, 2024, and so far it has risen 23.59%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Secure Cash 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 $0.0450. On a fall, the cryptocurrency will find some support from the short-term average at $0.0178. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Secure Cash USD cryptocurrency

Secure Cash USD finds support from accumulated volume at $0.0185 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 very much during the day (volatility) and with periodic low trading volume this cryptocurrency is considered to be "very high risk". During the last day, the cryptocurrency moved $0.0027 between high and low, or 16.79%. For the last week the cryptocurrency has had daily average volatility of 21.89%.

Secure Cash USD is oversold on RSI14 (13). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.

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

Trading Expectations (SCSXUSD) For The Upcoming Trading Day Of Sunday 2nd

For the upcoming trading day on Sunday, 2nd we expect Secure Cash USD to open at $0.0180, and during the day (based on 14 day Average True Range), to move between $0.0141 and $0.0237, which gives a possible trading interval of +/-$0.0048 (+/-25.52%) up or down from last closing price. If Secure Cash USD takes out the full calculated possible swing range there will be an estimated 51.05% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.0191 (1.16%) than the support at $0.0185 (2.11%), 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 Secure Cash USD cryptocurrency A Buy?

Secure Cash USD holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this cryptocurrency.

Current score: -2.276 Sell Candidate Unchanged

Predicted Opening Price for Secure Cash USD of Sunday, June 2, 2024

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