TTcoin USD Cryptocurrency Forecast

TTcoin USD cryptocurrency downgraded from Buy Candidate to Hold/Accumulate after Friday trading session.
(Updated on May 17, 2024)

TCUSD Signals & Forecast

There are few to no technical positive signals at the moment. The TTcoin USD cryptocurrency holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $0.0001 and $0.0001. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Saturday, May 04, 2024, and so far it has fallen -29.86%. 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). TTcoin USD gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for TTcoin USD cryptocurrency

TTcoin USD finds support from accumulated volume at $0.0001 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 much during the day (volatility) and with a large prediction interval from the Bollinger Band this cryptocurrency is considered to be "high risk". During the last day, the cryptocurrency moved $0.000004 between high and low, or 2.74%. For the last week, the cryptocurrency has had daily average volatility of 3.67%.

Our recommended stop-loss: $0.0001 (-4.88%) (This cryptocurrency has high daily movements and this gives high risk. There is a sell signal from a pivot top found 13 days ago.)

Trading Expectations (TCUSD) For The Upcoming Trading Day Of Saturday 18th

For the upcoming trading day on Saturday, 18th we expect TTcoin USD to open at $0.0001, and during the day (based on 14 day Average True Range), to move between $0.0001 and $0.0002, which gives a possible trading interval of +/-$0.00001611 (+/-10.88%) up or down from last closing price. If TTcoin USD takes out the full calculated possible swing range there will be an estimated 21.77% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.0001 (1.35%) than the resistance at $0.0002 (3.38%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is TTcoin USD cryptocurrency A Buy?

TTcoin USD holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this cryptocurrency since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: 0.000 Hold/Accumulate Downgraded

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for TTcoin USD of Saturday, May 18, 2024

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