Sishi Finance USD Cryptocurrency Forecast

Green day on Wednesday for Sishi Finance USD cryptocurrency after gaining 0.425%
(Updated on May 08, 2024)

SISHIUSD Signals & Forecast

Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Sishi Finance USD has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Sishi Finance 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 $0.0010 and $0.0011. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Sunday, April 28, 2024, and so far it has fallen -20.37%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for Sishi Finance USD cryptocurrency

On the downside, the cryptocurrency finds support just below today's level from accumulated volume at $0.0008 and $0.0007. There is a natural risk involved when a cryptocurrency is testing a support level, since if this is broken, the cryptocurrency then may fall to the next support level. In this case, Sishi Finance USD finds support just below today's level at $0.0008. If this is broken, then the next support from accumulated volume will be at $0.0007 and $0.0007.

This cryptocurrency may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this cryptocurrency is considered to be "very 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 3.61%.

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

Trading Expectations (SISHIUSD) For The Upcoming Trading Day Of Thursday 9th

For the upcoming trading day on Thursday, 9th we expect Sishi Finance USD to open at $0.0009, and during the day (based on 14 day Average True Range), to move between $0.0009 and $0.0010, which gives a possible trading interval of +/-$0.00008296 (+/-8.77%) up or down from last closing price. If Sishi Finance USD takes out the full calculated possible swing range there will be an estimated 17.54% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.0010 (6.24%) than the support at $0.0008 (17.02%), 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 Sishi Finance USD cryptocurrency A Buy?

Sishi Finance 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: -5.411 Strong Sell Candidate Unchanged

Predicted Opening Price for Sishi Finance USD of Thursday, May 9, 2024

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