Twinci USD Cryptocurrency Forecast

Twinci USD cryptocurrency price ended at $0.0782 on Friday, after losing 0.0562%.
(Updated on May 17, 2024)

TWINUSD Signals & Forecast

There are mixed signals in the cryptocurrency today. A sell signal was issued from a pivot top point on Thursday, May 16, 2024, and so far it has fallen -0.0562%. Further fall is indicated until a new bottom pivot has been found. Twinci USD gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued. The Twinci USD cryptocurrency holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the cryptocurrency has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $0.0488 and $0.0543. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). The cryptocurrency had a Golden Star Signal on Friday, January 26, 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 Twinci USD cryptocurrency

Twinci USD finds support from accumulated volume at $0.0781 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 a very large prediction interval from the Bollinger Band this cryptocurrency is considered to be "very high risk". During the last day, the cryptocurrency moved $0.000082 between high and low, or 0.105%. For the last week, the cryptocurrency has had daily average volatility of 142.51%.

The Twinci USD cryptocurrency is extremely overbought on RSI14 (100). 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: $0.0766 (-2.02%) (This cryptocurrency has very high daily movements and this gives very high risk. The RSI14 is 100 and this increases the risk substantially. There is a sell signal from a pivot top found 1 day ago.)

Trading Expectations (TWINUSD) For The Upcoming Trading Day Of Saturday 18th

For the upcoming trading day on Saturday, 18th we expect Twinci USD to open at $0.0782, and during the day (based on 14 day Average True Range), to move between $0.0723 and $0.0841, which gives a possible trading interval of +/-$0.0059 (+/-7.52%) up or down from last closing price. If Twinci USD takes out the full calculated possible swing range there will be an estimated 15.05% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.0781 (0.10%) than the resistance at $0.0880 (12.52%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Twinci USD cryptocurrency A Buy?

Twinci 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 Twinci USD of Saturday, May 18, 2024

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