TABANK USD Cryptocurrency Forecast

Green day on Monday for TABANK USD cryptocurrency after gaining 0.0533%
(Updated on May 20, 2024)

TABUSD Signals & Forecast

There are few to no technical positive signals at the moment. The TABANK USD cryptocurrency holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the cryptocurrency giving a more negative forecast for the stock. On further gains, the cryptocurrency will meet resistance from the long-term Moving Average at $0.0353. On a fall, the cryptocurrency will find some support from the short-term average at $0.0300. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Saturday, April 13, 2024, and so far it has fallen -21.09%. 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 cryptocurrency had a Golden Star Signal on Thursday, March 28, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Tuesday, April 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 TABANK USD cryptocurrency

TABANK USD finds support from accumulated volume at $0.0300 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 periodic low trading volume this cryptocurrency is considered to be "very high risk". During the last day, the cryptocurrency moved $0.000039 between high and low, or 0.130%. For the last week the cryptocurrency has had daily average volatility of 0.0793%.

TABANK USD is oversold on RSI14 (1). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.

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

Trading Expectations (TABUSD) For The Upcoming Trading Day Of Tuesday 21st

For the upcoming trading day on Tuesday, 21st we expect TABANK USD to open at $0.0300, and during the day (based on 14 day Average True Range), to move between $0.0296 and $0.0304, which gives a possible trading interval of +/-$0.0004 (+/-1.22%) up or down from last closing price. If TABANK USD takes out the full calculated possible swing range there will be an estimated 2.44% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.0300 (0.04%) than the support at $0.0300 (0.06%), 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 TABANK USD cryptocurrency A Buy?

The TABANK USD cryptocurrency holds several negative signals and despite the positive trend, we believe TABANK USD will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this cryptocurrency.

Current score: -2.285 Sell Candidate Unchanged

Predicted Opening Price for TABANK USD of Tuesday, May 21, 2024

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