Shib Generating USD Cryptocurrency Forecast

Shib Generating USD cryptocurrency price ended at $0.000008 on Wednesday, after losing 0%.
(Updated on May 15, 2024)

SHGUSD Signals & Forecast

The Shib Generating USD cryptocurrency holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $0.000008 and $0.00000769. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Saturday, March 16, 2024, and so far it has fallen -11.11%. Further fall is indicated until a new bottom pivot has been found. 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 Shib Generating USD cryptocurrency

Shib Generating USD finds support from accumulated volume at $0.00000790 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This cryptocurrency has average movements during the day, but be aware of low or falling volume as this increases the 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 0%.

Our recommended stop-loss: $0.00000756 (-5.44%) (This cryptocurrency has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 60 days ago.)

Trading Expectations (SHGUSD) For The Upcoming Trading Day Of Thursday 16th

For the upcoming trading day on Thursday, 16th we expect Shib Generating USD to open at $0.000008, and during the day (based on 14 day Average True Range), to move between $0.00000789 and $0.00000811, which gives a possible trading interval of +/-$0.00000011 (+/-1.40%) up or down from last closing price. If Shib Generating USD takes out the full calculated possible swing range there will be an estimated 2.80% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.00000803 (0.36%) than the support at $0.00000790 (1.23%), 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 Shib Generating USD cryptocurrency A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Shib Generating USD cryptocurrency to perform well in the short-term.

Current score: 1.257 Buy Candidate Unchanged

Predicted Opening Price for Shib Generating USD of Thursday, May 16, 2024

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