TOURIST SHIBA INU USD Cryptocurrency Forecast
TOURIST SHIBA INU USD cryptocurrency price ended at $0.00000000 on Friday, after losing 0%.
(Updated on May 17, 2024)
No changes to the price of TOURIST SHIBA INU USD cryptocurrency on the last trading day (Friday, 17th May 2024). During the last trading day the cryptocurrency fluctuated 0.336% from a day low at $0.00000000 to a day high of $0.00000000. The price has been going up and down for this period, and there has been a -0.33% loss for the last 2 weeks.
The cryptocurrency lies the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $0.00000000 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the cryptocurrency is expected to fall -44.86% during the next 3 months and, with a 90% probability hold a price between $0.00000000 and $0.00000000 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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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. 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). Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the cryptocurrency During the last day, the cryptocurrency moved $0.00000000 between high and low, or 0.336%. For the last week the cryptocurrency has had daily average volatility of 0.268%
Our recommended stop-loss: $0.00000000 (-6.20%) (This cryptocurrency has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 49 days ago.)
Trading Expectations (TOURISTSUSD) For The Upcoming Trading Day Of Saturday 18th
For the upcoming trading day on Saturday, 18th 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 (+/-0.54%) 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 1.08% 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 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.
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 TOURIST SHIBA INU USD of Saturday, May 18, 2024
| Fair opening price May 18, 2024 | Current price |
|---|---|
| $0.00000000 ( 0.112%) | $0.00000000 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TOURISTSUSD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.00000000 | 0.447 % | |
| R2 | 0.00000000 | 0.319 % | ||
| R1 | 0.00000000 | 0.240 % | ||
| Current price: | 0.00000000 | |||
| Support | S1 | 0.00000000 | -0.0163 % | |
| S2 | 0.00000000 | -0.0955 % | ||
| S3 | 0.00000000 | -0.224 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0.00000000 | 0.336 % | ||
| Current price | 0.00000000 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
FAQ
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