Tether Cryptocurrency Forecast

Tether cryptocurrency price ended at $1.00 on Sunday, after gaining 0.0040%.
(Updated on May 05, 2024)

USDTUSD Signals & Forecast

The Tether 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 $1.00 and $1.00. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 30, 2024, and so far it has risen 0.170%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The cryptocurrency should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The cryptocurrency had a Golden Star Signal on Tuesday, April 30, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Wednesday, May 01, 2024.

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 Tether cryptocurrency

Tether finds support from accumulated volume at $1.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

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 $0.0004 between high and low, or 0.0420%. For the last week the cryptocurrency has had daily average volatility of 0.105%.

Our recommended stop-loss: $0.94 (-6.14%) (This cryptocurrency has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 5 days ago.)

Trading Expectations (USDTUSD) For The Upcoming Trading Day Of Monday 6th

For the upcoming trading day on Monday, 6th we expect Tether to open at $1.00, and during the day (based on 14 day Average True Range), to move between $1.00 and $1.00, which gives a possible trading interval of +/-$0.0012 (+/-0.12%) up or down from last closing price. If Tether takes out the full calculated possible swing range there will be an estimated 0.25% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $1.00 (0.00%) than the resistance at $1.00 (0.01%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Tether cryptocurrency A Buy?

Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Tether cryptocurrency to perform well in the short-term period.

Current score: 1.171 Buy Candidate Unchanged

Predicted Opening Price for Tether of Monday, May 6, 2024

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