ZoidPay USD Cryptocurrency Forecast

ZoidPay USD cryptocurrency price took a fall of -5.14% on Friday
(Updated on May 17, 2024)

ZPAYUSD Signals & Forecast

There are few to no technical positive signals at the moment. The ZoidPay USD cryptocurrency holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the cryptocurrency giving a more negative forecast for the stock. On further gains, the cryptocurrency will meet resistance from the long-term Moving Average at $0.0144. On a fall, the cryptocurrency will find some support from the short-term average at $0.0136. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Tuesday, March 12, 2024, and so far it has fallen -50.30%. 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). ZoidPay USD gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for ZoidPay USD cryptocurrency

ZoidPay USD finds support from accumulated volume at $0.0132 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This cryptocurrency may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this cryptocurrency is considered to be "high risk". During the last day, the cryptocurrency moved $0.0009 between high and low, or 6.46%. For the last week, the cryptocurrency has had daily average volatility of 6.71%.

Our recommended stop-loss: $0.0130 (-5.24%) (This cryptocurrency has high daily movements and this gives high risk. There is a sell signal from a pivot top found 66 days ago.)

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

For the upcoming trading day on Saturday, 18th we expect ZoidPay USD to open at $0.0137, and during the day (based on 14 day Average True Range), to move between $0.0123 and $0.0152, which gives a possible trading interval of +/-$0.0014 (+/-10.44%) up or down from last closing price. If ZoidPay USD takes out the full calculated possible swing range there will be an estimated 20.89% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.0141 (2.73%) than the support at $0.0132 (3.80%), 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 ZoidPay USD cryptocurrency A Buy?

ZoidPay 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. We have upgraded our analysis conclusion for this cryptocurrency since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: 0.000 Hold/Accumulate Upgraded

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 ZoidPay USD of Saturday, May 18, 2024

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