Decentr / US Dollar Cryptocurrency Forecast
Evaluation of Decentr / US Dollar cryptocurrency downgraded after the last trading session.
(Updated on May 18, 2024)
The Decentr / US Dollar cryptocurrency price fell by -0.295% on the last day (Saturday, 18th May 2024) from $0.0068 to $0.0068. During the last trading day the cryptocurrency fluctuated 0.95% from a day low at $0.0068 to a day high of $0.0068. The price has fallen in 8 of the last 10 days and is down by -6.83% for this period. Volume fell on the last day along with the cryptocurrency, which is actually a good sign as volume should follow the cryptocurrency. On the last day, the trading volume fell by -2 thousand shares and in total, 142 thousand shares were bought and sold for approximately $961.61 .
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. Given the current short-term trend, the cryptocurrency is expected to fall -46.01% during the next 3 months and, with a 90% probability hold a price between $0.0025 and $0.0050 at the end of this 3-month period. 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
DECUSD Signals & Forecast
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 Decentr / 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 $0.0069 and $0.0077. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, April 24, 2024, and so far it has fallen -35.69%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this cryptocurrency may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Decentr / US Dollar cryptocurrency
Decentr / US Dollar finds support from accumulated volume at $0.0067 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This cryptocurrency has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the cryptocurrency moved $0.000064 between high and low, or 0.95%. For the last week the cryptocurrency has had daily average volatility of 1.59%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (DECUSD) For The Upcoming Trading Day Of Sunday 19th
For the upcoming trading day on Sunday, 19th we expect Decentr / US Dollar to open at $0.0068, and during the day (based on 14 day Average True Range), to move between $0.0062 and $0.0073, which gives a possible trading interval of +/-$0.0005 (+/-7.65%) up or down from last closing price. If Decentr / US Dollar takes out the full calculated possible swing range there will be an estimated 15.29% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0067 (0.77%) than the resistance at $0.0077 (13.90%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Decentr / US Dollar cryptocurrency A Buy?
Decentr / US Dollar holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this cryptocurrency. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this cryptocurrency since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -2.931 Sell Candidate Downgraded
Predicted Opening Price for Decentr / US Dollar of Sunday, May 19, 2024
| Fair opening price May 19, 2024 | Current price |
|---|---|
| $0.0068 ( 0.296%) | $0.0068 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DECUSD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0068 | 1.24 % | |
| R2 | 0.0068 | 0.88 % | ||
| R1 | 0.0068 | 0.658 % | ||
| Current price: | 0.0068 | |||
| Support | S1 | 0.0067 | -0.0659 % | |
| S2 | 0.0067 | -0.290 % | ||
| S3 | 0.0067 | -0.652 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0082 | 21.34 % | |
| R2 | 0.0078 | 16.05 % | ||
| R1 | 0.0077 | 13.90 % | ||
| Current price | 0.0068 | |||
| Support | S1 | 0.0067 | -0.770% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
FAQ
Click here for our free guide on how to buy Decentr / US Dollar Cryptocurrency.
