Myriad Cryptocurrency Forecast

Volatile ride for Myriad cryptocurrency price on Monday moving between $0.0002 and $0.0003
(Updated on May 20, 2024)

XMYUSD Signals & Forecast

Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Myriad 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 $0.0004 and $0.0004. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Sunday, May 19, 2024, and so far it has fallen -63.66%. Further fall is indicated until a new bottom pivot has been found. 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 Myriad cryptocurrency

On the downside, the cryptocurrency finds support just below today's level from accumulated volume at $0.0001. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $ may give a huge drop in the cryptocurrency price.

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 71.41%. For the last week the cryptocurrency has had daily average volatility of 14.28%

Our recommended stop-loss: $0.0002 (-6.36%) (This cryptocurrency has low daily movements and this gives low risk. There is a sell signal from a pivot top found 2 days ago.)

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

For the upcoming trading day on Tuesday, 21st we expect Myriad to open at $0.0002, and during the day (based on 14 day Average True Range), to move between $0.0001 and $0.0002, which gives a possible trading interval of +/-$0.00004379 (+/-27.23%) up or down from last closing price. If Myriad takes out the full calculated possible swing range there will be an estimated 54.47% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $0.0001, some $0.00003356 (20.87%) from the current price of $0.0002, our system finds the risk reward attractive.

Is Myriad cryptocurrency A Buy?

Myriad 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 Myriad of Tuesday, May 21, 2024

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