Dohrnii USD Cryptocurrency Forecast
High volatility in Dohrnii USD cryptocurrency price on Friday which ended trading at $0.0013
(Updated on Jun 28, 2024)
The Dohrnii USD cryptocurrency price gained 0.453% on the last trading day (Friday, 28th Jun 2024), rising from $0.0013 to $0.0013. 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 10.64% from a day low at $0.0012 to a day high of $0.0014. The price has been going up and down for this period, and there has been a 13.37% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 1 thousand more shares were traded than the day before. In total, 1 thousand shares were bought and sold for approximately $1.71 .
The cryptocurrency is moving within a very wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Dohrnii USD cryptocurrency with a 90% probability to be traded between $0.0010 and $0.0020 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and cryptocurrencies seldom manage to go directly from the bottom of a trend up to the top. Cryptocurrencies turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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DHNUSD Signals & Forecast
There are mixed signals in the cryptocurrency today. The Dohrnii 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 $0.0013. On a fall, the cryptocurrency will find some support from the short-term average at $0.0013. 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 Wednesday, June 12, 2024, and so far it has fallen -33.58%. 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). Dohrnii 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 Dohrnii USD cryptocurrency
On the downside, the cryptocurrency finds support just below today's level from accumulated volume at $0.0012 and $0.0012. 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, Dohrnii USD finds support just below today's level at $0.0012. If this is broken, then the next support from accumulated volume will be at $0.0012 and $0.0011.
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 $0.0001 between high and low, or 10.64%. For the last week, the cryptocurrency has had daily average volatility of 5.79%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (DHNUSD) For The Upcoming Trading Day Of Saturday 29th
For the upcoming trading day on Saturday, 29th we expect Dohrnii USD to open at $0.0013, and during the day (based on 14 day Average True Range), to move between $0.0011 and $0.0015, which gives a possible trading interval of +/-$0.0002 (+/-13.66%) up or down from last closing price. If Dohrnii USD takes out the full calculated possible swing range there will be an estimated 27.32% 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 (0.90%) than the support at $0.0012 (11.19%), 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 Dohrnii USD cryptocurrency A Buy?
Dohrnii 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: -3.117 Sell Candidate Unchanged
Predicted Opening Price for Dohrnii USD of Saturday, June 29, 2024
Fair opening price June 29, 2024 | Current price |
---|---|
$0.0013 ( 2.20%) | $0.0013 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DHNUSD
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.0014 | 7.56% |
R2 | 0.0014 | 3.83% |
R1 | 0.0014 | 1.53% |
Price | 0.0013 | |
S1 | 0.0013 | -5.93% |
S2 | 0.0012 | -8.24% |
S3 | 0.0012 | -11.97% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.0015 | 10.37% |
R2 | 0.0014 | 7.51% |
R1 | 0.0013 | 0.90% |
Price | 0.0013 | |
S1 | 0.0012 | -11.19% |
S2 | 0.0012 | -11.50% |
S3 | 0.0011 | -13.90% |
FAQ
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