TOURIST SHIBA INU USD Cryptocurrency Forecast

TOURIST SHIBA INU USD cryptocurrency price ended at $0.00000000 on Wednesday, after losing 0%.
(Updated on May 01, 2024)

TOURISTSUSD Signals & Forecast

A buy signal was issued from a pivot bottom point on Friday, March 29, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the cryptocurrency should be watched more closely at it may be a "turning point". The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. The TOURIST SHIBA INU 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 $0.00000000 and $0.00000000. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for TOURIST SHIBA INU 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.

In general the cryptocurrency tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the cryptocurrency moved $0.00000000 between high and low, or 0.673%. For the last week the cryptocurrency has had daily average volatility of 0.81%.

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

Trading Expectations (TOURISTSUSD) For The Upcoming Trading Day Of Thursday 2nd

For the upcoming trading day on Thursday, 2nd we expect TOURIST SHIBA INU USD to open at $0.00000000, and during the day (based on 14 day Average True Range), to move between $0.00000000 and $0.00000000, which gives a possible trading interval of +/-$0.00000000 (+/-1.00%) up or down from last closing price. If TOURIST SHIBA INU USD takes out the full calculated possible swing range there will be an estimated 1.99% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ $0.00000000, some $0.00000000 (0.34%) from the current price of $0.00000000, our system finds the risk reward not very attractive.

Is TOURIST SHIBA INU USD cryptocurrency A Buy?

TOURIST SHIBA INU USD holds several negative signals and is within a very 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.

Current score: -1.645 Sell Candidate Unchanged

Predicted Opening Price for TOURIST SHIBA INU USD of Thursday, May 2, 2024

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