The Rug Game USD Cryptocurrency Forecast

High volatility in The Rug Game USD cryptocurrency price on Monday which ended trading at $0.00000019
(Updated on May 20, 2024)

TRGUSD Signals & Forecast

Mostly positive signals in the chart today. The The Rug Game 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 $0.00000017 and $0.00000016. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 05, 2024, and so far it has risen 36.94%. 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). The Rug Game 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. The cryptocurrency had a Golden Star Signal on Saturday, May 11, 2024 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the cryptocurrency in question.

Support, Risk & Stop-loss for The Rug Game USD cryptocurrency

On the downside, the cryptocurrency finds support just below today's level from accumulated volume at $0.00000018 and $0.00000018. There is a natural risk involved when a cryptocurrency is testing a support level, since if this is broken, the cryptocurrency then may fall to the next support level. In this case, The Rug Game USD finds support just below today's level at $0.00000018. If this is broken, then the next support from accumulated volume will be at $0.00000018 and $0.00000017.

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 $0.00000004 between high and low, or 22.18%. For the last week, the cryptocurrency has had daily average volatility of 6.88%.

Our recommended stop-loss: $0.00000019 (-3.74%) (This cryptocurrency has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 68 days ago.)

Trading Expectations (TRGUSD) For The Upcoming Trading Day Of Tuesday 21st

For the upcoming trading day on Tuesday, 21st we expect The Rug Game USD to open at $0.00000018, and during the day (based on 14 day Average True Range), to move between $0.00000017 and $0.00000021, which gives a possible trading interval of +/-$0.00000002 (+/-10.06%) up or down from last closing price. If The Rug Game USD takes out the full calculated possible swing range there will be an estimated 20.12% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.00000019 (0.68%) than the support at $0.00000018 (8.05%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is The Rug Game USD cryptocurrency A Buy?

Several short-term signals are positive and the break-up from the falling trend indicates a possible shift for a trend. We believe that the prices around the breaking point will indicate particularly good levels, but we also believe that the current level will hold a possible good buy level for the short-term period. We have upgraded our analysis conclusion for this cryptocurrency since the last evaluation from a Sell to a Buy candidate.

Current score: 3.707 Buy Candidate Upgraded

Predicted Opening Price for The Rug Game USD of Tuesday, May 21, 2024

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