XIDO FINANCE USD Cryptocurrency Forecast

Volatile ride for XIDO FINANCE USD cryptocurrency price on Monday moving between $1.33 and $1.54
(Updated on May 20, 2024)

XIDOUSD Signals & Forecast

The XIDO FINANCE USD cryptocurrency holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the cryptocurrency giving a positive forecast for the stock. On further gains, the cryptocurrency will meet resistance from the short-term Moving Average at approximately $1.37. On a fall, the cryptocurrency will find some support from the long-term average at approximately $1.30. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Monday, May 13, 2024, and so far it has fallen -10.33%. 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). 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.

Support, Risk & Stop-loss for XIDO FINANCE USD cryptocurrency

XIDO FINANCE USD finds support from accumulated volume at $1.32 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This cryptocurrency has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the cryptocurrency moved $0.209 between high and low, or 15.74%. For the last week the cryptocurrency has had daily average volatility of 4.79%.

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

Trading Expectations (XIDOUSD) For The Upcoming Trading Day Of Tuesday 21st

For the upcoming trading day on Tuesday, 21st we expect XIDO FINANCE USD to open at $1.40, and during the day (based on 14 day Average True Range), to move between $1.21 and $1.45, which gives a possible trading interval of +/-$0.118 (+/-8.83%) up or down from last closing price. If XIDO FINANCE USD takes out the full calculated possible swing range there will be an estimated 17.67% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $1.32 (1.01%) than the resistance at $1.39 (4.64%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is XIDO FINANCE USD cryptocurrency A Buy?

XIDO FINANCE USD holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this cryptocurrency.

Current score: -1.886 Sell Candidate Unchanged

Predicted Opening Price for XIDO FINANCE USD of Tuesday, May 21, 2024

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