American Shiba USD Cryptocurrency Forecast

Red day on Friday for American Shiba USD
(Updated on May 17, 2024)

USHIBAUSD Signals & Forecast

Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the cryptocurrency should be watched more closely at it may be a "turning point". 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 American Shiba 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. A sell signal was issued from a pivot top point on Saturday, March 30, 2024, and so far it has fallen -26.67%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for American Shiba USD cryptocurrency

On the downside, the cryptocurrency finds support just below today's level from accumulated volume at $0.00000000 and $0.00000000. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $0.00000000 may give a huge drop in the cryptocurrency price.

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 between high and low, or 0%. For the last week, the cryptocurrency has had daily average volatility of 1.82%.

Our recommended stop-loss: $0.00000000 (-6.20%) (This cryptocurrency has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 48 days ago.)

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

For the upcoming trading day on Saturday, 18th we expect American Shiba 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 (+/-4.11%) up or down from last closing price. If American Shiba USD takes out the full calculated possible swing range there will be an estimated 8.22% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.00000000 (9.09%) than the support at $0.00000000 (9.09%), 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 American Shiba USD cryptocurrency A Buy?

American Shiba 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 American Shiba USD of Saturday, May 18, 2024

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