TajCoin USD Cryptocurrency Forecast

Red day on Tuesday for TajCoin USD
(Updated on May 28, 2024)

TAJUSD Signals & Forecast

The TajCoin 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 $0.0007 and $0.0006. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, May 01, 2024, and so far it has risen 19.79%. 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 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.

Support, Risk & Stop-loss for TajCoin USD cryptocurrency

On the downside, the cryptocurrency finds support just below today's level from accumulated volume at $0.0006 and $0.0006. 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, TajCoin USD finds support just below today's level at $0.0006. If this is broken, then the next support from accumulated volume will be at $0.0006 and $0.0006.

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 $0.000021 between high and low, or 3.12%. For the last week the cryptocurrency has had daily average volatility of 1.76%.

Our recommended stop-loss: $0.0007 (-3.62%) (This cryptocurrency has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 76 days ago.)

Trading Expectations (TAJUSD) For The Upcoming Trading Day Of Wednesday 29th

For the upcoming trading day on Wednesday, 29th we expect TajCoin USD to open at $0.0007, and during the day (based on 14 day Average True Range), to move between $0.0007 and $0.0007, which gives a possible trading interval of +/-$0.00002213 (+/-3.23%) up or down from last closing price. If TajCoin USD takes out the full calculated possible swing range there will be an estimated 6.47% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.0007 (0.88%) than the support at $0.0006 (5.41%), 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 TajCoin 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.

Current score: 1.272 Buy Candidate Unchanged

Predicted Opening Price for TajCoin USD of Wednesday, May 29, 2024

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