DeFinity USD Cryptocurrency Forecast

Red day on Saturday for DeFinity USD
(Updated on Jun 01, 2024)

DEFXUSD Signals & Forecast

The DeFinity USD cryptocurrency holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $0.0456 and $0.0363. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Sunday, March 24, 2024, and so far it has fallen -24.52%. 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 DeFinity USD cryptocurrency

DeFinity USD finds support from accumulated volume at $0.0467 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 periodic low trading volume this cryptocurrency is considered to be "very high risk". During the last day, the cryptocurrency moved $0.0015 between high and low, or 3.21%. For the last week the cryptocurrency has had daily average volatility of 11.87%.

Our recommended stop-loss: $0.0449 (-5.62%) (This cryptocurrency has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 104 days ago.)

Trading Expectations (DEFXUSD) For The Upcoming Trading Day Of Sunday 2nd

For the upcoming trading day on Sunday, 2nd we expect DeFinity USD to open at $0.0480, and during the day (based on 14 day Average True Range), to move between $0.0440 and $0.0512, which gives a possible trading interval of +/-$0.0036 (+/-7.60%) up or down from last closing price. If DeFinity USD takes out the full calculated possible swing range there will be an estimated 15.21% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.0467 (1.92%) than the resistance at $0.0505 (6.24%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is DeFinity USD cryptocurrency A Buy?

Several short-term signals are positive, despite the cryptocurrency being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for cryptocurrency to perform well in the short-term.

Current score: 1.608 Buy Candidate Unchanged

Predicted Opening Price for DeFinity USD of Sunday, June 2, 2024

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