Nothing Token USD Cryptocurrency Forecast

Weaker technical forecast for Nothing Token USD as cryptocurrency downgraded to Sell Candidate.
(Updated on May 18, 2024)

THINGUSD Signals & Forecast

There are mixed signals in the cryptocurrency today. The Nothing Token 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 $0.00000045. On a fall, the cryptocurrency will find some support from the short-term average at $0.00000043. 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 -55.50%. 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). Nothing Token USD has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Nothing Token USD cryptocurrency

Nothing Token USD finds support from accumulated volume at $0.00000043 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This cryptocurrency has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the cryptocurrency moved $0.00000000 between high and low, or 1.13%. For the last week, the cryptocurrency has had daily average volatility of 1.52%.

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

Trading Expectations (THINGUSD) For The Upcoming Trading Day Of Sunday 19th

For the upcoming trading day on Sunday, 19th we expect Nothing Token USD to open at $0.00000044, and during the day (based on 14 day Average True Range), to move between $0.00000043 and $0.00000046, which gives a possible trading interval of +/-$0.00000001 (+/-3.19%) up or down from last closing price. If Nothing Token USD takes out the full calculated possible swing range there will be an estimated 6.39% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.00000043 (2.97%) than the resistance at $0.00000048 (7.24%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Nothing Token USD cryptocurrency A Buy?

Nothing Token USD holds several negative signals and we believe that 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 Sell candidate.

Current score: -2.939 Sell Candidate Downgraded

Predicted Opening Price for Nothing Token USD of Sunday, May 19, 2024

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