cheqd USD Cryptocurrency Forecast
cheqd USD cryptocurrency price ended at $0.0395 on Thursday, after losing 1.87%.
(Updated on Jun 27, 2024)
The cheqd USD cryptocurrency price fell by -1.87% on the last day (Thursday, 27th Jun 2024) from $0.0403 to $0.0395. During the last trading day the cryptocurrency fluctuated 2.89% from a day low at $0.0394 to a day high of $0.0405. The price has been going up and down for this period, and there has been a -19.86% loss for the last 2 weeks. Volume fell on the last day along with the cryptocurrency, which is actually a good sign as volume should follow the cryptocurrency. On the last day, the trading volume fell by -174 thousand shares and in total, 45 thousand shares were bought and sold for approximately $1.77 thousand.
The cryptocurrency lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the cryptocurrency is expected to fall -44.67% during the next 3 months and, with a 90% probability hold a price between $0.0184 and $0.0305 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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CHEQUSD Signals & Forecast
A buy signal was issued from a pivot bottom point on Sunday, June 23, 2024, and so far it has risen 11.95%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The cheqd 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 $0.0486. On a fall, the cryptocurrency will find some support from the short-term average at $0.0392. 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. 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 cheqd USD cryptocurrency
cheqd USD finds support from accumulated volume at $0.0380 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 very much during the day (volatility) and with periodic low trading volume this cryptocurrency is considered to be "very high risk". During the last day, the cryptocurrency moved $0.0011 between high and low, or 2.89%. For the last week the cryptocurrency has had daily average volatility of 7.42%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CHEQUSD) For The Upcoming Trading Day Of Friday 28th
For the upcoming trading day on Friday, 28th we expect cheqd USD to open at $0.0398, and during the day (based on 14 day Average True Range), to move between $0.0365 and $0.0425, which gives a possible trading interval of +/-$0.0030 (+/-7.53%) up or down from last closing price. If cheqd USD takes out the full calculated possible swing range there will be an estimated 15.05% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0403 (1.91%) than the support at $0.0380 (3.76%), 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 cheqd USD cryptocurrency A Buy?
cheqd 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: -2.842 Sell Candidate Unchanged
Predicted Opening Price for cheqd USD of Friday, June 28, 2024
| Fair opening price June 28, 2024 | Current price |
|---|---|
| $0.0398 ( 0.732%) | $0.0395 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CHEQUSD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0409 | 3.61% |
| R2 | 0.0405 | 2.51% |
| R1 | 0.0402 | 1.83% |
| Price | 0.0395 | |
| S1 | 0.0394 | -0.368% |
| S2 | 0.0391 | -1.05% |
| S3 | 0.0387 | -2.15% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0471 | 19.16% |
| R2 | 0.0427 | 8.11% |
| R1 | 0.0403 | 1.91% |
| Price | 0.0395 | |
| S1 | 0.0380 | -3.76% |
| S2 | 0.0373 | -5.52% |
| S3 | 0.0353 | -10.68% |
FAQ
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