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CertiK / US Dollar Cryptocurrency Forecast

$0.703
-0.0329 (-4.47%)
At Close: Apr 27, 2024
RSI low/high Values: [ 25 - 80 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of CTKUSD
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CertiK / US Dollar cryptocurrency price ended at $0.703 on Saturday, after losing 4.47%.
(Updated on Apr 27, 2024)

Sell candidate since Apr 10, 2024 Loss -22.38% PDF

The CertiK / US Dollar cryptocurrency price fell by -4.47% on the last day (Saturday, 27th Apr 2024) from $0.736 to $0.703. During the last trading day the cryptocurrency fluctuated 7.48% from a day low at $0.694 to a day high of $0.746. The price has risen in 6 of the last 10 days and is up by 3.78% over the past 2 weeks. Volume has increased on the last day by 407 thousand 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, 1 million shares were bought and sold for approximately $779.03 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 $0.694 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 19.92% during the next 3 months and, with a 90% probability hold a price between $0.83 and $1.32 at the end of this 3-month period.

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CTKUSD Signals & Forecast

A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 4.24%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The CertiK / US Dollar 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 $0.752 and $0.85. A break-up above any of these levels will issue buy signals. CertiK / US Dollar 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".

Support, Risk & Stop-loss for CertiK / US Dollar cryptocurrency

CertiK / US Dollar finds support from accumulated volume at $0.683 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 a very large prediction interval from the Bollinger Band this cryptocurrency is considered to be "very high risk". During the last day, the cryptocurrency moved $0.0519 between high and low, or 7.48%. For the last week, the cryptocurrency has had daily average volatility of 5.92%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (CTKUSD) For The Upcoming Trading Day Of Sunday 28th

For the upcoming trading day on Sunday, 28th we expect CertiK / US Dollar to open at $0.714, and during the day (based on 14 day Average True Range), to move between $0.635 and $0.771, which gives a possible trading interval of +/-$0.0679 (+/-9.65%) up or down from last closing price. If CertiK / US Dollar takes out the full calculated possible swing range there will be an estimated 19.30% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.683 (2.93%) than the resistance at $0.794 (12.96%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is CertiK / US Dollar cryptocurrency A Buy?

The CertiK / US Dollar cryptocurrency holds several negative signals and despite the positive trend, we believe CertiK / US Dollar will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this cryptocurrency.

Current score: -1.974 Sell Candidate Unchanged

Predicted Opening Price for CertiK / US Dollar of Sunday, April 28, 2024

Fair opening price April 28, 2024 Current price
$0.714 ( 1.56%) $0.703

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

Trading levels for CTKUSD

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 0.766 8.94 %
R2 0.746 6.12 %
R1 0.734 4.38 %
Current price: 0.703
Support S1 0.694 -1.26 %
S2 0.682 -3.00 %
S3 0.662 -5.82 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0.81 14.79 %
R2 0.798 13.50 %
R1 0.794 12.96 %
Current price 0.703
Support S1 0.683 -2.93%
S2 0.678 -3.64%
S3 0.617 -12.29%

FAQ

What is the symbol for CertiK / US Dollar Cryptocurrency and on which exchange is it traded?
The symbol for CertiK / US Dollar is CTKUSD and it is traded on the CRYPTO (Cryptocurrencies).

Should I buy or sell CertiK / US Dollar Cryptocurrency?
The CertiK / US Dollar cryptocurrency holds several negative signals and despite the positive trend, we believe CertiK / US Dollar will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this cryptocurrency.

How to buy CertiK / US Dollar Cryptocurrency?
CertiK / US Dollar Cryptocurrency can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy CertiK / US Dollar Cryptocurrency.

What's the current price of CertiK / US Dollar Cryptocurrency?
As of the end of day on the Apr 27, 2024, the price of an CertiK / US Dollar (CTKUSD) share was $0.703.

What is the 52-week high and low for CertiK / US Dollar Cryptocurrency?
The 52-week high for CertiK / US Dollar Cryptocurrency is $1.10 and the 52-week low is $0.410.
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