UpStableToken USD Cryptocurrency Forecast

Weaker technical forecast for UpStableToken USD as cryptocurrency downgraded to Sell Candidate.
(Updated on May 18, 2024)

USTXUSD Signals & Forecast

A buy signal was issued from a pivot bottom point on Tuesday, April 30, 2024, and so far it has risen 0.486%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The UpStableToken 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 $0.0112 and $0.0112. 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). Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this cryptocurrency may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued. The cryptocurrency had a Golden Star Signal on Thursday, May 02, 2024 in the short-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 UpStableToken USD cryptocurrency

UpStableToken USD finds support from accumulated volume at $0.0111 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the cryptocurrency During the last day, the cryptocurrency moved $0.0001 between high and low, or 0.95%. For the last week the cryptocurrency has had daily average volatility of 0.81%

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

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

For the upcoming trading day on Sunday, 19th we expect UpStableToken USD to open at $0.0112, and during the day (based on 14 day Average True Range), to move between $0.0110 and $0.0113, which gives a possible trading interval of +/-$0.0001 (+/-0.97%) up or down from last closing price. If UpStableToken USD takes out the full calculated possible swing range there will be an estimated 1.93% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.0111 (0.09%) than the resistance at $0.0112 (0.39%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is UpStableToken USD cryptocurrency A Buy?

UpStableToken USD holds several negative signals and is within a narrow 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: -1.240 Sell Candidate Downgraded

Predicted Opening Price for UpStableToken USD of Sunday, May 19, 2024

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