ZMINE USD Cryptocurrency Forecast

Red day on Saturday for ZMINE USD cryptocurrency after losing 0.107%
(Updated on Jun 22, 2024)

ZMNUSD Signals & Forecast

There are few to no technical positive signals at the moment. The ZMINE 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 $0.0114 and $0.0120. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, June 04, 2024, and so far it has fallen -13.13%. 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 ZMINE USD cryptocurrency

ZMINE USD finds support from accumulated volume at $0.0107 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 $0.000073 between high and low, or 0.650%. For the last week the cryptocurrency has had daily average volatility of 2.17%.

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

Trading Expectations (ZMNUSD) For The Upcoming Trading Day Of Sunday 23rd

For the upcoming trading day on Sunday, 23rd we expect ZMINE USD to open at $0.0113, and during the day (based on 14 day Average True Range), to move between $0.0110 and $0.0115, which gives a possible trading interval of +/-$0.0003 (+/-2.47%) up or down from last closing price. If ZMINE USD takes out the full calculated possible swing range there will be an estimated 4.95% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.0107 (4.99%) than the resistance at $0.0120 (6.54%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is ZMINE USD cryptocurrency A Buy?

ZMINE USD holds several negative signals and is within a very wide 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.

Current score: -2.267 Sell Candidate Unchanged

Predicted Opening Price for ZMINE USD of Sunday, June 23, 2024

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