Saltmarble USD Cryptocurrency Forecast

Stronger technical forecast for Saltmarble USD cryptocurrency price after Saturday trading.
(Updated on May 18, 2024)

SMLUSD Signals & Forecast

The Saltmarble 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 $0.458 and $0.458. 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, April 13, 2024, and so far it has fallen -0.0523%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this cryptocurrency may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued. The cryptocurrency had a Golden Star Signal on Tuesday, May 14, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Thursday, May 02, 2024.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the cryptocurrency in question.

Support, Risk & Stop-loss for Saltmarble USD cryptocurrency

Saltmarble USD finds support from accumulated volume at $0.459 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

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 $0.0006 between high and low, or 0.124%. For the last week the cryptocurrency has had daily average volatility of 0.107%

Our recommended stop-loss: $0.437 (-4.61%) (This cryptocurrency has low daily movements and this gives low risk. There is a sell signal from a pivot top found 35 days ago.)

Trading Expectations (SMLUSD) For The Upcoming Trading Day Of Sunday 19th

For the upcoming trading day on Sunday, 19th we expect Saltmarble USD to open at $0.459, and during the day (based on 14 day Average True Range), to move between $0.456 and $0.461, which gives a possible trading interval of +/-$0.0027 (+/-0.59%) up or down from last closing price. If Saltmarble USD takes out the full calculated possible swing range there will be an estimated 1.18% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.459 (0.00%) than the resistance at $0.459 (0.02%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Saltmarble 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 Saltmarble USD 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: 2.929 Buy Candidate Upgraded

Predicted Opening Price for Saltmarble USD of Sunday, May 19, 2024

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