Centrifuge USD Cryptocurrency Forecast
Centrifuge USD cryptocurrency price ended at $0.700 on Saturday, after gaining 0.267%.
(Updated on May 04, 2024)
The Centrifuge USD cryptocurrency price gained 0.267% on the last trading day (Saturday, 4th May 2024), rising from $0.698 to $0.700. During the last trading day the cryptocurrency fluctuated 2.58% from a day low at $0.692 to a day high of $0.710. The price has fallen in 7 of the last 10 days and is down by -3.47% for this period. Volume fell on the last day by -688 thousand shares and in total, 1 million shares were bought and sold for approximately $938.61 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The cryptocurrency lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.621 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the cryptocurrency is expected to rise 19.55% during the next 3 months and, with a 90% probability hold a price between $0.742 and $1.35 at the end of this 3-month period.
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CFGUSD Signals & Forecast
There are mixed signals in the cryptocurrency today. The Centrifuge 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 $0.782. On a fall, the cryptocurrency will find some support from the short-term average at $0.665. 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 Wednesday, March 27, 2024, and so far it has fallen -33.22%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Centrifuge USD cryptocurrency
Centrifuge USD finds support from accumulated volume at $0.685 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 periodic low trading volume this cryptocurrency is considered to be "high risk". During the last day, the cryptocurrency moved $0.0178 between high and low, or 2.58%. For the last week the cryptocurrency has had daily average volatility of 7.32%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CFGUSD) For The Upcoming Trading Day Of Sunday 5th
For the upcoming trading day on Sunday, 5th we expect Centrifuge USD to open at $0.700, and during the day (based on 14 day Average True Range), to move between $0.639 and $0.761, which gives a possible trading interval of +/-$0.0609 (+/-8.71%) up or down from last closing price. If Centrifuge USD takes out the full calculated possible swing range there will be an estimated 17.41% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.685 (2.04%) than the resistance at $0.757 (8.24%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Centrifuge USD cryptocurrency A Buy?
Centrifuge 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: -2.346 Sell Candidate Unchanged
Predicted Opening Price for Centrifuge USD of Sunday, May 5, 2024
| Fair opening price May 5, 2024 | Current price |
|---|---|
| $0.700 ( 0.109%) | $0.700 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CFGUSD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.718 | 2.66 % | |
| R2 | 0.711 | 1.68 % | ||
| R1 | 0.707 | 1.08 % | ||
| Current price: | 0.700 | |||
| Support | S1 | 0.694 | -0.87 % | |
| S2 | 0.689 | -1.47 % | ||
| S3 | 0.683 | -2.44 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.786 | 12.40 % | |
| R2 | 0.772 | 10.29 % | ||
| R1 | 0.757 | 8.24 % | ||
| Current price | 0.700 | |||
| Support | S1 | 0.685 | -2.04% | |
| S2 | 0.664 | -5.15% | ||
| S3 | 0.627 | -10.34% |
FAQ
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