THORWallet DEX USD Cryptocurrency Forecast

Green day on Sunday for THORWallet DEX USD cryptocurrency after gaining 0.359%
(Updated on May 19, 2024)

TGTUSD Signals & Forecast

The THORWallet DEX 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 $0.0503 and $0.0373. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 155.56%. 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 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.

Support, Risk & Stop-loss for THORWallet DEX USD cryptocurrency

THORWallet DEX USD finds support from accumulated volume at $0.0552 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 $0.0031 between high and low, or 5.73%. For the last week the cryptocurrency has had daily average volatility of 10.91%.

The THORWallet DEX USD cryptocurrency is extremely overbought on RSI14 (77). Normally this may pose a good selling opportunity but since the cryptocurrency has broken the trend up, the chance for a major correction due to high RSI is very small as the cryptocurrency will find support at the trend broken.

Our recommended stop-loss: $0.0538 (-2.96%) (This cryptocurrency has very high daily movements and this gives very high risk. The RSI14 is 77 and this increases the risk substantially. There is a buy signal from a pivot bottom found 31 days ago.)

Trading Expectations (TGTUSD) For The Upcoming Trading Day Of Monday 20th

For the upcoming trading day on Monday, 20th we expect THORWallet DEX USD to open at $0.0555, and during the day (based on 14 day Average True Range), to move between $0.0502 and $0.0606, which gives a possible trading interval of +/-$0.0052 (+/-9.33%) up or down from last closing price. If THORWallet DEX USD takes out the full calculated possible swing range there will be an estimated 18.66% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $0.0552, some $0.0002 (0.36%) from the current price of $0.0554, our system finds the risk reward attractive.

Is THORWallet DEX USD cryptocurrency A Buy?

THORWallet DEX USD holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: 0.000 Hold/Accumulate Unchanged

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 THORWallet DEX USD of Monday, May 20, 2024

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