DeXe / US Dollar Cryptocurrency Forecast
A very red day for DeXe / US Dollar cryptocurrency price after a -6.66% fall in the Thursday trading session
(Updated on Jul 04, 2024)
The DeXe / US Dollar cryptocurrency price fell by -6.66% on the last day (Thursday, 4th Jul 2024) from $9.90 to $9.24. It has now fallen 3 days in a row. During the last trading day the cryptocurrency fluctuated 8.25% from a day low at $9.22 to a day high of $9.98. The price has been going up and down for this period, and there has been a -14.58% loss for the last 2 weeks. Volume has increased on the last day by 988 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 3 million shares were bought and sold for approximately $29.12 million.
The cryptocurrency lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $9.09 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the cryptocurrency is expected to fall -18.13% during the next 3 months and, with a 90% probability hold a price between $7.44 and $10.72 at the end of this 3-month period.
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DEXEUSD 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 DeXe / 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 $10.74 and $11.92. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, June 05, 2024, and so far it has fallen -34.11%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the cryptocurrency should be followed more closely. The cryptocurrency had a Golden Star Signal on Thursday, September 14, 2023 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the cryptocurrency in question.
Golden Star 12 Months
The cryptocurrency had a Golden Star Signal on Thursday, September 14, 2023 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the cryptocurrency in question.
Support, Risk & Stop-loss for DeXe / US Dollar 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.
This cryptocurrency has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the cryptocurrency moved $0.760 between high and low, or 8.25%. For the last week, the cryptocurrency has had daily average volatility of 5.95%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (DEXEUSD) For The Upcoming Trading Day Of Friday 5th
For the upcoming trading day on Friday, 5th we expect DeXe / US Dollar to open at $9.48, and during the day (based on 14 day Average True Range), to move between $8.60 and $9.89, which gives a possible trading interval of +/-$0.645 (+/-6.98%) up or down from last closing price. If DeXe / US Dollar takes out the full calculated possible swing range there will be an estimated 13.96% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $10.72, some $1.48 (15.99%) from the current price of $9.24, our system finds the risk reward not very attractive.
Is DeXe / US Dollar cryptocurrency A Buy?
DeXe / 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.
Current score: -5.209 Strong Sell Candidate Unchanged
Predicted Opening Price for DeXe / US Dollar of Friday, July 5, 2024
Fair opening price July 5, 2024 | Current price |
---|---|
$9.48 ( 2.57%) | $9.24 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DEXEUSD
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 10.24 | 10.79% |
R2 | 9.95 | 7.65% |
R1 | 9.77 | 5.71% |
Price | 9.24 | |
S1 | 9.19 | -0.576% |
S2 | 9.01 | -2.52% |
S3 | 8.72 | -5.66% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 11.39 | 23.22% |
R2 | 10.78 | 16.57% |
R1 | 10.72 | 15.99% |
Price | 9.24 | |
S1 | 0 | - |
S2 | 0 | - |
S3 | 0 | - |
FAQ
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