Pawtocol / US Dollar Cryptocurrency Forecast

Big movements in Pawtocol / US Dollar cryptocurrency price on Saturday moving 27.91% between high and low
(Updated on May 18, 2024)

UPIUSD Signals & Forecast

A buy signal was issued from a pivot bottom point on Friday, May 17, 2024, and so far it has risen 13.15%. Further rise is indicated until a new top pivot has been found. Pawtocol / US Dollar 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Pawtocol / US Dollar 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 $0.0005 and $0.0005. 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 Pawtocol / US Dollar cryptocurrency

Pawtocol / US Dollar finds support from accumulated volume at $0.0005 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 much during the day (volatility) and with a large prediction interval from the Bollinger Band this cryptocurrency is considered to be "high risk". During the last day, the cryptocurrency moved $0.0001 between high and low, or 27.91%. For the last week, the cryptocurrency has had daily average volatility of 17.19%.

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

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

For the upcoming trading day on Sunday, 19th we expect Pawtocol / US Dollar to open at $0.0005, and during the day (based on 14 day Average True Range), to move between $0.0004 and $0.0005, which gives a possible trading interval of +/-$0.00007163 (+/-15.71%) up or down from last closing price. If Pawtocol / US Dollar takes out the full calculated possible swing range there will be an estimated 31.42% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.0005 (1.10%) than the resistance at $0.0005 (18.64%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Pawtocol / US Dollar cryptocurrency A Buy?

Pawtocol / US Dollar 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. 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: -3.905 Sell Candidate Downgraded

Predicted Opening Price for Pawtocol / US Dollar of Sunday, May 19, 2024

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