Shoppi Coin USD Cryptocurrency Forecast
Weaker technical forecast for Shoppi Coin USD as cryptocurrency downgraded to Sell Candidate.
(Updated on May 18, 2024)
No changes to the price of Shoppi Coin USD cryptocurrency on the last trading day (Saturday, 18th May 2024). During the last trading day the cryptocurrency fluctuated 0% from a day low at $0.0009 to a day high of $0.0009. The price has been going up and down for this period, and there has been a -9.63% loss for the last 2 weeks.
The cryptocurrency lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Due to the high volatility and the trend direction we are not able to give forecast range for this stock. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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SHOPUSD 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 Shoppi Coin 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 $0.0015. On a fall, the cryptocurrency will find some support from the short-term average at $0.0009. 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 Friday, May 17, 2024, and so far it has fallen 0%. 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 Shoppi Coin USD cryptocurrency
On the downside, the cryptocurrency finds support just below today's level from accumulated volume at $0.0008. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $ may give a huge drop in the cryptocurrency price.
In general the cryptocurrency tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the cryptocurrency 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 1.12%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SHOPUSD) For The Upcoming Trading Day Of Sunday 19th
For the upcoming trading day on Sunday, 19th we expect Shoppi Coin USD to open at $0.0009, and during the day (based on 14 day Average True Range), to move between $0.0008 and $0.0010, which gives a possible trading interval of +/-$0.0001 (+/-12.49%) up or down from last closing price. If Shoppi Coin USD takes out the full calculated possible swing range there will be an estimated 24.98% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0009 (1.45%) than the support at $0.0008 (14.58%), 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 Shoppi Coin USD cryptocurrency A Buy?
Shoppi Coin 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this cryptocurrency since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -4.247 Sell Candidate Downgraded
Predicted Opening Price for Shoppi Coin USD of Sunday, May 19, 2024
Fair opening price May 19, 2024 | Current price |
---|---|
$0.0009 ( 0%) | $0.0009 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SHOPUSD
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.0009 | . | |
R2 | 0.0009 | . | ||
R1 | 0.0009 | . | ||
Current price: | 0.0009 | |||
Support | S1 | 0.0009 | . | |
S2 | 0.0009 | . | ||
S3 | 0.0009 | . |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.0011 | 21.76 % | |
R2 | 0.0010 | 8.53 % | ||
R1 | 0.0009 | 1.45 % | ||
Current price | 0.0009 | |||
Support | S1 | 0.0008 | -14.58% | |
S2 | 0 | . | ||
S3 | 0 | . |
FAQ
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