TETU USD Cryptocurrency Forecast

Evaluation of TETU USD cryptocurrency downgraded after the last trading session.
(Updated on May 18, 2024)

TETUUSD Signals & Forecast

There are few to no technical positive signals at the moment. The TETU USD 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 $0.0029 and $0.0037. 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 02, 2024, and so far it has fallen -42.68%. 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). TETU 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 TETU USD cryptocurrency

There is no support from accumulated volume below today's level and given the right condition the cryptocurrency may perform very badly in the next couple of days.

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 $0.000071 between high and low, or 2.59%. For the last week, the cryptocurrency has had daily average volatility of 1.33%.

TETU 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 (TETUUSD) For The Upcoming Trading Day Of Sunday 19th

For the upcoming trading day on Sunday, 19th we expect TETU USD to open at $0.0028, and during the day (based on 14 day Average True Range), to move between $0.0027 and $0.0028, which gives a possible trading interval of +/-$0.00006793 (+/-2.47%) up or down from last closing price. If TETU USD takes out the full calculated possible swing range there will be an estimated 4.93% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ $0.0028, some $0.000078 (2.83%) from the current price of $0.0028, our system finds the risk reward not very attractive.

Is TETU USD cryptocurrency A Buy?

TETU USD holds several negative signals and is within a 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this cryptocurrency since the last evaluation from a Hold/Accumulate to a Strong Sell candidate.

Current score: -5.522 Strong Sell Candidate Downgraded

Predicted Opening Price for TETU USD of Sunday, May 19, 2024

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