DigiByte / US Dollar Cryptocurrency Forecast
Big movements in DigiByte / US Dollar cryptocurrency price on Thursday moving 10.48% between high and low
(Updated on Apr 25, 2024)
The DigiByte / US Dollar cryptocurrency price fell by -5.46% on the last day (Thursday, 25th Apr 2024) from $0.0132 to $0.0125. During the last trading day the cryptocurrency fluctuated 10.48% from a day low at $0.0124 to a day high of $0.0137. The price has been going up and down for this period, and there has been a 1.55% gain for the last 2 weeks. Volume fell on the last day along with the cryptocurrency, which is actually a good sign as volume should follow the cryptocurrency. On the last day, the trading volume fell by -8 million shares and in total, 1 million shares were bought and sold for approximately $17.46 thousand.
Given the current short-term trend, the cryptocurrency is expected to rise 63.67% during the next 3 months and, with a 90% probability hold a price between $0.0204 and $0.0351 at the end of this 3-month period.
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DGBUSD Signals & Forecast
There are few to no technical positive signals at the moment. The DigiByte / 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 $0.0130 and $0.0145. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, April 02, 2024, and so far it has fallen -35.57%. 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). Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this cryptocurrency may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for DigiByte / US Dollar cryptocurrency
DigiByte / US Dollar finds support from accumulated volume at $0.0123 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 $0.0013 between high and low, or 10.48%. For the last week the cryptocurrency has had daily average volatility of 7.01%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (DGBUSD) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect DigiByte / US Dollar to open at $0.0129, and during the day (based on 14 day Average True Range), to move between $0.0110 and $0.0139, which gives a possible trading interval of +/-$0.0015 (+/-11.74%) up or down from last closing price. If DigiByte / US Dollar takes out the full calculated possible swing range there will be an estimated 23.47% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0123 (1.20%) than the resistance at $0.0128 (2.57%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is DigiByte / US Dollar cryptocurrency A Buy?
The DigiByte / US Dollar cryptocurrency holds several negative signals and despite the positive trend, we believe DigiByte / US Dollar will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this cryptocurrency.
Current score: -1.556 Sell Candidate Unchanged
Predicted Opening Price for DigiByte / US Dollar of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $0.0129 ( 3.21%) | $0.0125 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DGBUSD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0142 | 13.64 % | |
| R2 | 0.0137 | 9.66 % | ||
| R1 | 0.0134 | 7.20 % | ||
| Current price: | 0.0125 | |||
| Support | S1 | 0.0124 | -0.775 % | |
| S2 | 0.0121 | -3.24 % | ||
| S3 | 0.0116 | -7.22 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0151 | 21.51 % | |
| R2 | 0.0129 | 3.21 % | ||
| R1 | 0.0128 | 2.57 % | ||
| Current price | 0.0125 | |||
| Support | S1 | 0.0123 | -1.20% | |
| S2 | 0.0117 | -5.86% | ||
| S3 | 0.0103 | -17.58% |
FAQ
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