CEEK VR / US Dollar Cryptocurrency Forecast
High volatility in CEEK VR / US Dollar cryptocurrency price on Thursday which ended trading at $0.0407
(Updated on Jun 20, 2024)
The CEEK VR / US Dollar cryptocurrency price gained 7.19% on the last trading day (Thursday, 20th Jun 2024), rising from $0.0380 to $0.0407. During the last trading day the cryptocurrency fluctuated 17.00% from a day low at $0.0376 to a day high of $0.0440. The price has fallen in 7 of the last 10 days and is down by -15.44% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 2 million more shares were traded than the day before. In total, 4 million shares were bought and sold for approximately $158.05 thousand.
The cryptocurrency lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.0377 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the cryptocurrency is expected to fall -35.99% during the next 3 months and, with a 90% probability hold a price between $0.0241 and $0.0372 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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CEEKUSD Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, June 19, 2024, and so far it has risen 7.19%. Further rise is indicated until a new top pivot has been found. CEEK VR / US Dollar has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. The CEEK VR / US Dollar 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 $0.0416 and $0.0501. 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).
Support, Risk & Stop-loss for CEEK VR / US Dollar cryptocurrency
On the downside, the cryptocurrency finds support just below today's level from accumulated volume at $0.0381 and $0.0380. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $0.0380 may give a huge drop in the cryptocurrency price.
This cryptocurrency may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this cryptocurrency is considered to be "very high risk". During the last day, the cryptocurrency moved $0.0064 between high and low, or 17.00%. For the last week, the cryptocurrency has had daily average volatility of 11.08%.
CEEK VR / US Dollar is oversold on RSI14 (20). Some cryptocurrencies may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CEEKUSD) For The Upcoming Trading Day Of Friday 21st
For the upcoming trading day on Friday, 21st we expect CEEK VR / US Dollar to open at $0.0408, and during the day (based on 14 day Average True Range), to move between $0.0373 and $0.0442, which gives a possible trading interval of +/-$0.0034 (+/-8.37%) up or down from last closing price. If CEEK VR / US Dollar takes out the full calculated possible swing range there will be an estimated 16.75% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0381 (6.48%) than the resistance at $0.0458 (12.51%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is CEEK VR / US Dollar cryptocurrency A Buy?
CEEK VR / US Dollar 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: -2.420 Sell Candidate Unchanged
Predicted Opening Price for CEEK VR / US Dollar of Friday, June 21, 2024
| Fair opening price June 21, 2024 | Current price |
|---|---|
| $0.0408 ( 0.167%) | $0.0407 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CEEKUSD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0472 | 15.87% |
| R2 | 0.0448 | 9.87% |
| R1 | 0.0433 | 6.17% |
| Price | 0.0407 | |
| S1 | 0.0384 | -5.83% |
| S2 | 0.0369 | -9.54% |
| S3 | 0.0344 | -15.54% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0498 | 22.19% |
| R2 | 0.0471 | 15.52% |
| R1 | 0.0458 | 12.51% |
| Price | 0.0407 | |
| S1 | 0.0381 | -6.48% |
| S2 | 0.0380 | -6.71% |
| S3 | 0 | - |
FAQ
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