SIRIN LABS Token USD Cryptocurrency Forecast

A very strong day for SIRIN LABS Token USD cryptocurrency price on Friday
(Updated on May 03, 2024)

SRNUSD Signals & Forecast

There are mixed signals in the cryptocurrency today. A sell signal was issued from a pivot top point on Wednesday, March 06, 2024, and so far it has fallen -19.44%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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. The SIRIN LABS Token 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 $0.0004 and $0.0004. A breakdown below any of these levels will issue sell signals.

Support, Risk & Stop-loss for SIRIN LABS Token USD cryptocurrency

On the downside, the cryptocurrency finds support just below today's level from accumulated volume at $0.0004 and $0.0004. 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, SIRIN LABS Token USD finds support just below today's level at $0.0004. If this is broken, then the next support from accumulated volume will be at $0.0004 and $0.0003.

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 $0.000025 between high and low, or 6.16%. For the last week the cryptocurrency has had daily average volatility of 5.83%.

Our recommended stop-loss: $0.0004 (-5.60%) (This cryptocurrency has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 58 days ago.)

Trading Expectations (SRNUSD) For The Upcoming Trading Day Of Saturday 4th

For the upcoming trading day on Saturday, 4th we expect SIRIN LABS Token USD to open at $0.0004, and during the day (based on 14 day Average True Range), to move between $0.0004 and $0.0005, which gives a possible trading interval of +/-$0.00002201 (+/-5.11%) up or down from last closing price. If SIRIN LABS Token USD takes out the full calculated possible swing range there will be an estimated 10.21% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.0004 (0.23%) than the support at $0.0004 (5.34%), 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 SIRIN LABS Token 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 SIRIN LABS Token USD cryptocurrency to perform well in the short-term.

Current score: 2.621 Buy Candidate Unchanged

Predicted Opening Price for SIRIN LABS Token USD of Saturday, May 4, 2024

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