Skull Order USD Cryptocurrency Forecast
Strong day for Skull Order USD cryptocurrency price on Saturday rising 10.84% to $0.0054
(Updated on May 18, 2024)
The Skull Order USD cryptocurrency price gained 10.84% on the last trading day (Saturday, 18th May 2024), rising from $0.0049 to $0.0054. During the last trading day the cryptocurrency fluctuated 9.09% from a day low at $0.0052 to a day high of $0.0057. The price has fallen in 5 of the last 10 days but is still up by 50.43% over the past 2 weeks. Volume fell on the last day by -2 thousand shares and in total, 1 thousand shares were bought and sold for approximately $7.25 . You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
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. Given the current short-term trend, the cryptocurrency is expected to fall -67.72% during the next 3 months and, with a 90% probability hold a price between $0.0007 and $0.0023 at the end of this 3-month period. 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
SKULLUSD Signals & Forecast
The Skull Order USD cryptocurrency holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the cryptocurrency has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $0.0037 and $0.0047. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, May 14, 2024, and so far it has risen 81.33%. Further rise is indicated until a new top pivot has been found. 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. 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 Skull Order USD cryptocurrency
On the downside, the cryptocurrency finds support just below today's level from accumulated volume at $0.0049. 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.
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 $0.0005 between high and low, or 9.09%. For the last week the cryptocurrency has had daily average volatility of 5.47%.
Our recommended stop-loss: $0.0052 (-3.10%) (This cryptocurrency has very high daily movements and this gives very high risk. There is a buy signal from a pivot bottom found 4 days ago.)
Trading Expectations (SKULLUSD) For The Upcoming Trading Day Of Sunday 19th
For the upcoming trading day on Sunday, 19th we expect Skull Order USD to open at $0.0054, and during the day (based on 14 day Average True Range), to move between $0.0049 and $0.0059, which gives a possible trading interval of +/-$0.0005 (+/-8.65%) up or down from last closing price. If Skull Order USD takes out the full calculated possible swing range there will be an estimated 17.30% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0058 (7.17%) than the support at $0.0049 (9.78%), 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 Skull Order USD cryptocurrency A Buy?
Several short-term signals are positive, despite the cryptocurrency being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for cryptocurrency to perform well in the short-term. We have upgraded our analysis conclusion for this cryptocurrency since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 4.164 Buy Candidate Upgraded
Predicted Opening Price for Skull Order USD of Sunday, May 19, 2024
| Fair opening price May 19, 2024 | Current price |
|---|---|
| $0.0054 ( 0.468%) | $0.0054 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SKULLUSD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0059 | 9.23 % | |
| R2 | 0.0057 | 5.88 % | ||
| R1 | 0.0056 | 3.81 % | ||
| Current price: | 0.0054 | |||
| Support | S1 | 0.0053 | -2.88 % | |
| S2 | 0.0051 | -4.95 % | ||
| S3 | 0.0050 | -8.29 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0060 | 10.24 % | |
| R2 | 0.0059 | 9.24 % | ||
| R1 | 0.0058 | 7.17 % | ||
| Current price | 0.0054 | |||
| Support | S1 | 0.0049 | -9.78% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
FAQ
Click here for our free guide on how to buy Skull Order USD Cryptocurrency.
