Degis USD Cryptocurrency Forecast
Volatile ride for Degis USD cryptocurrency price on Monday moving between $0.0027 and $0.0032
(Updated on Jun 10, 2024)
The Degis USD cryptocurrency price fell by -11.22% on the last day (Monday, 10th Jun 2024) from $0.0032 to $0.0028. During the last trading day the cryptocurrency fluctuated 16.20% from a day low at $0.0027 to a day high of $0.0032. The price has been going up and down for this period, and there has been a -11.7% loss for the last 2 weeks. 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, 3 thousand shares were bought and sold for approximately $7.53 .
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 -56.28% during the next 3 months and, with a 90% probability hold a price between $0.0001 and $0.0020 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.
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DEGUSD Signals & Forecast
There are few to no technical positive signals at the moment. 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 $0.0030 and $0.0033. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, May 02, 2024, and so far it has fallen -59.95%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Degis USD cryptocurrency
Degis USD finds support from accumulated volume at $0.0028 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 periodic low trading volume this cryptocurrency is considered to be "high risk". During the last day, the cryptocurrency moved $0.0004 between high and low, or 16.20%. For the last week the cryptocurrency has had daily average volatility of 20.24%.
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 11th
For the upcoming trading day on Tuesday, 11th we expect Degis USD to open at $0.0029, and during the day (based on 14 day Average True Range), to move between $0.0022 and $0.0034, which gives a possible trading interval of +/-$0.0006 (+/-20.16%) up or down from last closing price. If Degis USD takes out the full calculated possible swing range there will be an estimated 40.32% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0028 (1.39%) than the resistance at $0.0033 (16.77%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this cryptocurrency since the last evaluation from a Sell to a Strong Sell candidate.
Current score: -6.705 Strong Sell Candidate Downgraded
Predicted Opening Price for Degis USD of Tuesday, June 11, 2024
| Fair opening price June 11, 2024 | Current price |
|---|---|
| $0.0029 ( 3.68%) | $0.0028 |
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 | 0.0034 | 19.49% |
| R2 | 0.0032 | 13.45% |
| R1 | 0.0031 | 9.72% |
| Price | 0.0028 | |
| S1 | 0.0027 | -2.36% |
| S2 | 0.0026 | -6.09% |
| S3 | 0.0025 | -12.13% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0034 | 21.44% |
| R2 | 0.0033 | 19.23% |
| R1 | 0.0033 | 16.77% |
| Price | 0.0028 | |
| S1 | 0.0028 | -1.39% |
| S2 | 0 | - |
| S3 | 0 | - |
FAQ
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