Credefi USD Cryptocurrency Forecast
Big movements in Credefi USD cryptocurrency price on Saturday moving 25.13% between high and low
(Updated on May 18, 2024)
The Credefi USD cryptocurrency price gained 8.12% on the last trading day (Saturday, 18th May 2024), rising from $0.0257 to $0.0278. During the last trading day the cryptocurrency fluctuated 25.13% from a day low at $0.0243 to a day high of $0.0304. The price has risen in 5 of the last 10 days and is up by 6.58% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 108 thousand more shares were traded than the day before. In total, 765 thousand shares were bought and sold for approximately $21.26 thousand.
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 $0.0250 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 65.18% during the next 3 months and, with a 90% probability hold a price between $0.0412 and $0.112 at the end of this 3-month period.
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CREDIUSD Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Credefi 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 Credefi 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 $0.0287. On a fall, the cryptocurrency will find some support from the short-term average at $0.0255. 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, April 03, 2024, and so far it has fallen -48.76%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Credefi USD cryptocurrency
Credefi USD finds support from accumulated volume at $0.0267 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 $0.0061 between high and low, or 25.13%. For the last week, the cryptocurrency has had daily average volatility of 13.05%.
Our recommended stop-loss: $0.0261 (-6.02%) (This cryptocurrency has high daily movements and this gives high risk. There is a sell signal from a pivot top found 45 days ago.)
Trading Expectations (CREDIUSD) For The Upcoming Trading Day Of Sunday 19th
For the upcoming trading day on Sunday, 19th we expect Credefi USD to open at $0.0275, and during the day (based on 14 day Average True Range), to move between $0.0242 and $0.0314, which gives a possible trading interval of +/-$0.0036 (+/-12.96%) up or down from last closing price. If Credefi USD takes out the full calculated possible swing range there will be an estimated 25.92% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0267 (3.79%) than the resistance at $0.0290 (4.34%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Credefi USD cryptocurrency A Buy?
Credefi USD holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.457 Hold/Accumulate Unchanged
Predicted Opening Price for Credefi USD of Sunday, May 19, 2024
| Fair opening price May 19, 2024 | Current price |
|---|---|
| $0.0275 ( 1.04%) | $0.0278 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CREDIUSD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0336 | 20.94 % | |
| R2 | 0.0313 | 12.55 % | ||
| R1 | 0.0298 | 7.36 % | ||
| Current price: | 0.0278 | |||
| Support | S1 | 0.0252 | -9.43 % | |
| S2 | 0.0237 | -14.62 % | ||
| S3 | 0.0214 | -23.02 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0303 | 9.08 % | |
| R2 | 0.0291 | 4.80 % | ||
| R1 | 0.0290 | 4.34 % | ||
| Current price | 0.0278 | |||
| Support | S1 | 0.0267 | -3.79% | |
| S2 | 0.0251 | -9.71% | ||
| S3 | 0.0218 | -21.61% |
FAQ
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