Defi For You USD Cryptocurrency Forecast
Green day on Monday for Defi For You USD
(Updated on May 20, 2024)
The Defi For You USD cryptocurrency price gained 4.47% on the last trading day (Monday, 20th May 2024), rising from $0.0003 to $0.0003. It has now gained 3 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 7.04% from a day low at $0.0003 to a day high of $0.0003. The price has fallen in 5 of the last 10 days and is down by -22.84% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 5 thousand more shares were traded than the day before. In total, 16 thousand shares were bought and sold for approximately $4.95 .
The cryptocurrency lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.0003 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the cryptocurrency is expected to rise 47.73% during the next 3 months and, with a 90% probability hold a price between $0.0004 and $0.0007 at the end of this 3-month period.
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DFYUSD Signals & Forecast
There are mixed signals in the cryptocurrency today. The Defi For You USD cryptocurrency holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the cryptocurrency giving a more negative forecast for the stock. On further gains, the cryptocurrency will meet resistance from the long-term Moving Average at $0.0003. On a fall, the cryptocurrency will find some support from the short-term average at $0.0003. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Monday, May 06, 2024, and so far it has fallen -31.07%. 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). Defi For You 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.
Support, Risk & Stop-loss for Defi For You USD cryptocurrency
On the downside, the cryptocurrency finds support just below today's level from accumulated volume at $0.0003 and $0.0003. There is a natural risk involved when a cryptocurrency is testing a support level, since if this is broken, the cryptocurrency then may fall to the next support level. In this case, Defi For You USD finds support just below today's level at $0.0003. If this is broken, then the next support from accumulated volume will be at $0.0003 and $0.0002.
This cryptocurrency may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this cryptocurrency is considered to be "very high risk". During the last day, the cryptocurrency moved $0.00002 between high and low, or 7.04%. For the last week, the cryptocurrency has had daily average volatility of 5.66%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (DFYUSD) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect Defi For You USD to open at $0.0003, and during the day (based on 14 day Average True Range), to move between $0.0002 and $0.0004, which gives a possible trading interval of +/-$0.00005436 (+/-17.88%) up or down from last closing price. If Defi For You USD takes out the full calculated possible swing range there will be an estimated 35.76% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0003 (1.64%) than the support at $0.0003 (7.24%), 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 Defi For You USD cryptocurrency A Buy?
Defi For You USD holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this cryptocurrency.
Current score: -3.168 Sell Candidate Unchanged
Predicted Opening Price for Defi For You USD of Tuesday, May 21, 2024
| Fair opening price May 21, 2024 | Current price |
|---|---|
| $0.0003 ( 2.19%) | $0.0003 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DFYUSD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0003 | 4.39 % | |
| R2 | 0.0003 | 1.87 % | ||
| R1 | 0.0003 | 0.320 % | ||
| Current price: | 0.0003 | |||
| Support | S1 | 0.0003 | -4.71 % | |
| S2 | 0.0003 | -6.26 % | ||
| S3 | 0.0003 | -8.77 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0004 | 22.04 % | |
| R2 | 0.0003 | 5.59 % | ||
| R1 | 0.0003 | 1.64 % | ||
| Current price | 0.0003 | |||
| Support | S1 | 0.0003 | -7.24% | |
| S2 | 0.0003 | -13.82% | ||
| S3 | 0.0002 | -22.70% |
FAQ
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