Curve DAO Token / US Dollar Cryptocurrency Forecast
Curve DAO Token / US Dollar cryptocurrency downgraded to Hold/Accumulate
(Updated on Mar 27, 2024)
The Curve DAO Token / US Dollar cryptocurrency price fell by -2.86% on the last day (Wednesday, 27th Mar 2024) from $0.716 to $0.695. During the last trading day the cryptocurrency fluctuated 6.85% from a day low at $0.676 to a day high of $0.722. The price has fallen in 6 of the last 10 days and is down by -2.43% for this period. Volume has increased on the last day by 53 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 66 million shares were bought and sold for approximately $46.17 million.
The cryptocurrency lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the cryptocurrency is expected to rise 30.81% during the next 3 months and, with a 90% probability hold a price between $0.782 and $1.18 at the end of this 3-month period.
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CRVUSD Signals & Forecast
The Curve DAO Token / US Dollar cryptocurrency holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the cryptocurrency has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $0.690 and $0.695. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, March 20, 2024, and so far it has risen 11.64%. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the cryptocurrency should be followed more closely.
Support, Risk & Stop-loss for Curve DAO Token / US Dollar cryptocurrency
Curve DAO Token / US Dollar finds support from accumulated volume at $0.666 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 $0.0463 between high and low, or 6.85%. For the last week, the cryptocurrency has had daily average volatility of 5.62%.
Our recommended stop-loss: $0.671 (-3.48%) (This cryptocurrency has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 7 days ago.)
Trading Expectations (CRVUSD) For The Upcoming Trading Day Of Thursday 28th
For the upcoming trading day on Thursday, 28th we expect Curve DAO Token / US Dollar to open at $0.698, and during the day (based on 14 day Average True Range), to move between $0.626 and $0.764, which gives a possible trading interval of +/-$0.0693 (+/-9.97%) up or down from last closing price. If Curve DAO Token / US Dollar takes out the full calculated possible swing range there will be an estimated 19.95% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.666 (4.17%) than the resistance at $0.748 (7.58%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Curve DAO Token / US Dollar cryptocurrency A Buy?
Curve DAO Token / US Dollar 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this cryptocurrency since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: -0.478 Hold/Accumulate Downgraded
Predicted Opening Price for Curve DAO Token / US Dollar of Thursday, March 28, 2024
Fair opening price March 28, 2024 | Current price |
---|---|
$0.698 ( 0.379%) | $0.695 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CRVUSD
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.744 | 7.04 % | |
R2 | 0.726 | 4.50 % | ||
R1 | 0.715 | 2.92 % | ||
Current price: | 0.695 | |||
Support | S1 | 0.680 | -2.17 % | |
S2 | 0.669 | -3.74 % | ||
S3 | 0.651 | -6.28 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.83 | 19.26 % | |
R2 | 0.758 | 9.09 % | ||
R1 | 0.748 | 7.58 % | ||
Current price | 0.695 | |||
Support | S1 | 0.666 | -4.17% | |
S2 | 0.591 | -15.02% | ||
S3 | 0.590 | -15.06% |
FAQ
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