CorgiAI USD Cryptocurrency Forecast
A very strong day for CorgiAI USD cryptocurrency price on Monday
(Updated on May 20, 2024)
The CorgiAI USD cryptocurrency price gained 5.84% on the last trading day (Monday, 20th May 2024), rising from $0.0011 to $0.0012. During the last trading day the cryptocurrency fluctuated 5.73% from a day low at $0.0011 to a day high of $0.0012. The price has fallen in 7 of the last 10 days and is down by -7.28% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 139 thousand more shares were traded than the day before. In total, 425 thousand shares were bought and sold for approximately $492.55 .
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. Due to the high volatility and the trend direction we are not able to give forecast range for this stock. 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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CORGIAIUSD Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). CorgiAI USD 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. The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. The CorgiAI 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 $0.0015. On a fall, the cryptocurrency will find some support from the short-term average at $0.0011. 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 Saturday, March 02, 2024, and so far it has fallen -71.44%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for CorgiAI USD cryptocurrency
CorgiAI USD finds support from accumulated volume at $0.0011 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 $0.000063 between high and low, or 5.73%. For the last week, the cryptocurrency has had daily average volatility of 3.13%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CORGIAIUSD) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect CorgiAI USD to open at $0.0011, and during the day (based on 14 day Average True Range), to move between $0.0011 and $0.0012, which gives a possible trading interval of +/-$0.00006650 (+/-5.74%) up or down from last closing price. If CorgiAI USD takes out the full calculated possible swing range there will be an estimated 11.47% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0011 (1.21%) than the resistance at $0.0014 (21.57%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is CorgiAI USD cryptocurrency A Buy?
CorgiAI 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. We have upgraded our analysis conclusion for this cryptocurrency since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -3.859 Sell Candidate Upgraded
Predicted Opening Price for CorgiAI USD of Tuesday, May 21, 2024
| Fair opening price May 21, 2024 | Current price |
|---|---|
| $0.0011 ( 1.64%) | $0.0012 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CORGIAIUSD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0012 | 3.80 % | |
| R2 | 0.0012 | 1.72 % | ||
| R1 | 0.0012 | 0.437 % | ||
| Current price: | 0.0012 | |||
| Support | S1 | 0.0011 | -3.72 % | |
| S2 | 0.0011 | -5.00 % | ||
| S3 | 0.0011 | -7.08 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0014 | 23.73 % | |
| R2 | 0.0014 | 22.43 % | ||
| R1 | 0.0014 | 21.57 % | ||
| Current price | 0.0012 | |||
| Support | S1 | 0.0011 | -1.21% | |
| S2 | 0.0011 | -1.29% | ||
| S3 | 0.0011 | -2.33% |
FAQ
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