Storj / US Dollar Cryptocurrency Forecast

Storj / US Dollar cryptocurrency price ended at $0.548 on Monday, after losing 1.53%.
(Updated on Apr 29, 2024)

STORJUSD 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 Storj / US Dollar 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 $0.559 and $0.641. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, April 23, 2024, and so far it has fallen -4.58%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the cryptocurrency should be followed more closely.

Support, Risk & Stop-loss for Storj / US Dollar cryptocurrency

Storj / US Dollar finds support from accumulated volume at $0.540 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

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 $0.0379 between high and low, or 7.15%. For the last week, the cryptocurrency has had daily average volatility of 7.10%.

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

Trading Expectations (STORJUSD) For The Upcoming Trading Day Of Tuesday 30th

For the upcoming trading day on Tuesday, 30th we expect Storj / US Dollar to open at $0.549, and during the day (based on 14 day Average True Range), to move between $0.491 and $0.606, which gives a possible trading interval of +/-$0.0575 (+/-10.49%) up or down from last closing price. If Storj / US Dollar takes out the full calculated possible swing range there will be an estimated 20.99% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.540 (1.60%) than the resistance at $0.662 (20.71%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Storj / US Dollar cryptocurrency A Buy?

Storj / US Dollar 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: -7.336 Strong Sell Candidate Unchanged

Predicted Opening Price for Storj / US Dollar of Tuesday, April 30, 2024

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