DELOT.IO USD Cryptocurrency Forecast

Big movements in DELOT.IO USD cryptocurrency price on Tuesday moving 31.03% between high and low
(Updated on May 07, 2024)

DELOTUSD Signals & Forecast

The DELOT.IO USD cryptocurrency holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the cryptocurrency has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $0.00003057 and $0.00003331. A breakdown below any of these levels will issue sell signals. DELOT.IO USD has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. 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 Thursday, April 25, 2024, and so far it has fallen -7.32%. 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).

Support, Risk & Stop-loss for DELOT.IO USD cryptocurrency

DELOT.IO USD finds support from accumulated volume at $0.000037 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 a large prediction interval from the Bollinger Band this cryptocurrency is considered to be "high risk". During the last day, the cryptocurrency moved $0.000009 between high and low, or 31.03%. For the last week, the cryptocurrency has had daily average volatility of 8.99%.

Our recommended stop-loss: $0.00003612 (-4.95%) (This cryptocurrency has high daily movements and this gives high risk. There is a sell signal from a pivot top found 12 days ago.)

Trading Expectations (DELOTUSD) For The Upcoming Trading Day Of Wednesday 8th

For the upcoming trading day on Wednesday, 8th we expect DELOT.IO USD to open at $0.000035, and during the day (based on 14 day Average True Range), to move between $0.00003555 and $0.00004045, which gives a possible trading interval of +/-$0.00000245 (+/-6.44%) up or down from last closing price. If DELOT.IO USD takes out the full calculated possible swing range there will be an estimated 12.88% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.000037 (2.63%) than the resistance at $0.00004 (5.26%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is DELOT.IO USD cryptocurrency A Buy?

DELOT.IO USD holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this cryptocurrency since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: 0.000 Hold/Accumulate Upgraded

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for DELOT.IO USD of Wednesday, May 8, 2024

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