DeFiato USD Cryptocurrency Forecast
On Monday, DeFiato USD cryptocurrency price gained an impressive 9.53%
(Updated on Jun 10, 2024)
The DeFiato USD cryptocurrency price gained 9.53% on the last trading day (Monday, 10th Jun 2024), rising from $0.0012 to $0.0013. During the last trading day the cryptocurrency fluctuated 9.53% from a day low at $0.0012 to a day high of $0.0013. The price has risen in 4 of the last 10 days but is still down by -0.85% 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 -37.13% during the next 3 months and, with a 90% probability hold a price between $0.0007 and $0.0011 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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DFIATUSD Signals & Forecast
A buy signal was issued from a pivot bottom point on Sunday, June 09, 2024, and so far it has risen 9.53%. 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 DeFiato 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 $0.0013 and $0.0016. 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 during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for DeFiato USD cryptocurrency
DeFiato USD finds support from accumulated volume at $0.0012 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 $0.0001 between high and low, or 9.53%. For the last week the cryptocurrency has had daily average volatility of 8.03%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (DFIATUSD) For The Upcoming Trading Day Of Tuesday 11th
For the upcoming trading day on Tuesday, 11th we expect DeFiato USD to open at $0.0012, and during the day (based on 14 day Average True Range), to move between $0.0012 and $0.0014, which gives a possible trading interval of +/-$0.00008171 (+/-6.40%) up or down from last closing price. If DeFiato USD takes out the full calculated possible swing range there will be an estimated 12.81% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0013 (0.86%) than the support at $0.0012 (3.06%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is DeFiato USD cryptocurrency A Buy?
DeFiato 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: -2.679 Sell Candidate Upgraded
Predicted Opening Price for DeFiato USD of Tuesday, June 11, 2024
| Fair opening price June 11, 2024 | Current price |
|---|---|
| $0.0012 ( 2.90%) | $0.0013 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DFIATUSD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0014 | 5.80% |
| R2 | 0.0013 | 2.48% |
| R1 | 0.0013 | 0.423% |
| Price | 0.0013 | |
| S1 | 0.0012 | -6.22% |
| S2 | 0.0012 | -8.28% |
| S3 | 0.0011 | -11.60% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0013 | 4.47% |
| R2 | 0.0013 | 3.29% |
| R1 | 0.0013 | 0.86% |
| Price | 0.0013 | |
| S1 | 0.0012 | -3.06% |
| S2 | 0.0012 | -8.70% |
| S3 | 0 | - |
FAQ
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