Corgidoge USD Cryptocurrency Forecast

Corgidoge USD cryptocurrency upgraded to Hold/Accumulate.
(Updated on May 17, 2024)

CORGIUSD Signals & Forecast

There are few to no technical positive signals at the moment. The Corgidoge USD 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 $0.00000003 and $0.00000003. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Saturday, March 16, 2024, and so far it has fallen -27.67%. 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). Corgidoge 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 Corgidoge USD cryptocurrency

On the downside, the cryptocurrency finds support just below today's level from accumulated volume at $0.00000002 and $0.00000002. There is a natural risk involved when a cryptocurrency is testing a support level, since if this is broken, the cryptocurrency then may fall to the next support level. In this case, Corgidoge USD finds support just below today's level at $0.00000002. If this is broken, then the next support from accumulated volume will be at $0.00000002 and $0.00000002.

This cryptocurrency has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the cryptocurrency moved $0.00000000 between high and low, or 3.73%. For the last week, the cryptocurrency has had daily average volatility of 3.00%.

Our recommended stop-loss: $0.00000003 (-5.16%) (This cryptocurrency has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 62 days ago.)

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

For the upcoming trading day on Saturday, 18th we expect Corgidoge USD to open at $0.00000003, and during the day (based on 14 day Average True Range), to move between $0.00000003 and $0.00000003, which gives a possible trading interval of +/-$0.00000000 (+/-3.84%) up or down from last closing price. If Corgidoge USD takes out the full calculated possible swing range there will be an estimated 7.68% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.00000003 (8.99%) than the support at $0.00000002 (9.46%), 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 Corgidoge USD cryptocurrency A Buy?

Corgidoge 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 Corgidoge USD of Saturday, May 18, 2024

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