Degis USD Cryptocurrency Forecast
Stronger technical forecast for Degis USD cryptocurrency price after Monday trading.
(Updated on Jun 17, 2024)
No changes to the price of Degis USD cryptocurrency on the last trading day (Monday, 17th Jun 2024). During the last trading day the cryptocurrency fluctuated 0% from a day low at $0.0027 to a day high of $0.0027. The price has fallen in 6 of the last 10 days and is down by -4.41% for this period.
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 -52.57% during the next 3 months and, with a 90% probability hold a price between $0.0001 and $0.0021 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.
DEGUSD Signals & Forecast
A buy signal was issued from a pivot bottom point on Sunday, June 16, 2024, and so far it has fallen 0%. 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. The Degis USD 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 $0.0028 and $0.0030. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Degis USD cryptocurrency
There is no support from accumulated volume below today's level and given the right condition the cryptocurrency may perform very badly in the next couple of days.
In general the cryptocurrency tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the cryptocurrency During the last day, the cryptocurrency moved $0 between high and low, or 0%. For the last week the cryptocurrency has had daily average volatility of 3.60%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (DEGUSD) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect Degis USD to open at $0.0027, and during the day (based on 14 day Average True Range), to move between $0.0023 and $0.0031, which gives a possible trading interval of +/-$0.0004 (+/-14.18%) up or down from last closing price. If Degis USD takes out the full calculated possible swing range there will be an estimated 28.36% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $0.0032, some $0.0005 (18.48%) from the current price of $0.0027, our system finds the risk reward not very attractive.
Is Degis USD cryptocurrency A Buy?
Degis USD 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. We have upgraded our analysis conclusion for this cryptocurrency since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -2.174 Sell Candidate Upgraded
Predicted Opening Price for Degis USD of Tuesday, June 18, 2024
| Fair opening price June 18, 2024 | Current price |
|---|---|
| $0.0027 ( 0%) | $0.0027 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DEGUSD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0027 | - |
| R2 | 0.0027 | - |
| R1 | 0.0027 | - |
| Price | 0.0027 | |
| S1 | 0.0027 | - |
| S2 | 0.0027 | - |
| S3 | 0.0027 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0033 | 22.73% |
| R2 | 0.0033 | 20.20% |
| R1 | 0.0032 | 18.48% |
| Price | 0.0027 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
FAQ
Click here for our free guide on how to buy Degis USD Cryptocurrency.
