dFund USD Cryptocurrency Forecast
dFund USD cryptocurrency price up 0.347% on Monday
(Updated on May 20, 2024)
The dFund USD cryptocurrency price gained 0.347% on the last trading day (Monday, 20th May 2024), rising from $0.0003 to $0.0003. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the cryptocurrency fluctuated 1.74% from a day low at $0.0003 to a day high of $0.0003. The price has risen in 5 of the last 10 days and is up by 2.48% over the past 2 weeks. Volume fell on the last day by -2 thousand shares and in total, 38 thousand shares were bought and sold for approximately $11.10 . You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
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 -14.23% during the next 3 months and, with a 90% probability hold a price between $0.0002 and $0.0003 at the end of this 3-month period.
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DFNDUSD Signals & Forecast
The dFund 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 $0.0003 and $0.0003. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, May 15, 2024, and so far it has risen 6.64%. Further rise is indicated until a new top pivot has been found. 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. 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 dFund USD cryptocurrency
dFund USD finds support from accumulated volume at $0.0003 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the cryptocurrency tends to have controlled movements and therefore the general risk is considered 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 $0.000005 between high and low, or 1.74%. For the last week the cryptocurrency has had daily average volatility of 2.03%.
Our recommended stop-loss: $0.0003 (-3.34%) (This cryptocurrency has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 73 days ago.)
Trading Expectations (DFNDUSD) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect dFund USD to open at $0.0003, and during the day (based on 14 day Average True Range), to move between $0.0003 and $0.0003, which gives a possible trading interval of +/-$0.00000706 (+/-2.44%) up or down from last closing price. If dFund USD takes out the full calculated possible swing range there will be an estimated 4.88% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0003 (0.69%) than the resistance at $0.0003 (2.77%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is dFund USD cryptocurrency A Buy?
Several short-term signals are positive, despite the cryptocurrency being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for cryptocurrency to perform well in the short-term.
Current score: 1.017 Buy Candidate Unchanged
Predicted Opening Price for dFund USD of Tuesday, May 21, 2024
Fair opening price May 21, 2024 | Current price |
---|---|
$0.0003 ( 0.115%) | $0.0003 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DFNDUSD
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.0003 | 1.85 % | |
R2 | 0.0003 | 1.18 % | ||
R1 | 0.0003 | 0.776 % | ||
Current price: | 0.0003 | |||
Support | S1 | 0.0003 | -0.546 % | |
S2 | 0.0003 | -0.95 % | ||
S3 | 0.0003 | -1.61 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.0003 | 11.42 % | |
R2 | 0.0003 | 5.54 % | ||
R1 | 0.0003 | 2.77 % | ||
Current price | 0.0003 | |||
Support | S1 | 0.0003 | -0.692% | |
S2 | 0.0003 | -1.04% | ||
S3 | 0.0003 | -1.38% |
FAQ
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