Dohrnii USD Cryptocurrency Forecast

Red day on Tuesday for Dohrnii USD
(Updated on Jun 25, 2024)

DHNUSD Signals & Forecast

The Dohrnii 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 $0.0012 and $0.0013. A breakdown below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Monday, June 24, 2024, and so far it has fallen 0%. 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 on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.

Sell

Special Signal Notification

Double Top Formation

A sell signal from a double top formation was found on Thursday, April 11, 2024 and based on theory for this formation the price should fall by -6.76% to $0.0013 within 6 trading days since signal was issued (Wednesday, April 17, 2024).

Support, Risk & Stop-loss for Dohrnii USD cryptocurrency

Dohrnii USD finds support from accumulated volume at $0.0013 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 very controlled movements and therefore the general risk is considered very 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 between high and low, or 0%. For the last week the cryptocurrency has had daily average volatility of 5.37%

Our recommended stop-loss: $0.0013 (-4.04%) (This cryptocurrency has low daily movements and this gives low risk. There is a sell signal from a pivot top found 2 days ago.)

Trading Expectations (DHNUSD) For The Upcoming Trading Day Of Wednesday 26th

For the upcoming trading day on Wednesday, 26th we expect Dohrnii USD to open at $0.0014, and during the day (based on 14 day Average True Range), to move between $0.0012 and $0.0015, which gives a possible trading interval of +/-$0.0002 (+/-14.10%) up or down from last closing price. If Dohrnii USD takes out the full calculated possible swing range there will be an estimated 28.19% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.0013 (0.67%) than the resistance at $0.0014 (2.51%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Dohrnii USD cryptocurrency A Buy?

Dohrnii USD holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: 0.000 Hold/Accumulate Unchanged

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for Dohrnii USD of Wednesday, June 26, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.