TosDis USD Cryptocurrency Forecast
Strong day for TosDis USD cryptocurrency price on Sunday rising 5.16% to $1.93
(Updated on May 19, 2024)
The TosDis USD cryptocurrency price gained 5.16% on the last trading day (Sunday, 19th May 2024), rising from $1.84 to $1.93. 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 7.72% from a day low at $1.85 to a day high of $2.00. The price has risen in 7 of the last 10 days and is up by 27.85% over the past 2 weeks. Volume fell on the last day by -6 thousand shares and in total, 18 thousand shares were bought and sold for approximately $33.87 thousand. 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.
Given the current short-term trend, the cryptocurrency is expected to fall -41.27% during the next 3 months and, with a 90% probability hold a price between $0.609 and $1.13 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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DISUSD Signals & Forecast
The TosDis USD cryptocurrency holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $1.68 and $1.62. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 30, 2024, and so far it has risen 45.56%. 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 TosDis USD cryptocurrency
TosDis USD finds support from accumulated volume at $1.84 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 much during the day (volatility) and with periodic low trading volume this cryptocurrency is considered to be "high risk". During the last day, the cryptocurrency moved $0.143 between high and low, or 7.72%. For the last week the cryptocurrency has had daily average volatility of 6.19%.
The TosDis USD cryptocurrency is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some cryptocurrencies may go long and hard while being overbought and the RSI is still moving upwards. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely, and it is of great importance that the cryptocurrency manages to break the trend before that occurs.
Our recommended stop-loss: $1.85 (-3.99%) (This cryptocurrency has high daily movements and this gives high risk. The RSI14 is 80 and this increases the risk substantially. There is a buy signal from a pivot bottom found 19 days ago.)
Trading Expectations (DISUSD) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect TosDis USD to open at $1.93, and during the day (based on 14 day Average True Range), to move between $1.82 and $2.04, which gives a possible trading interval of +/-$0.111 (+/-5.74%) up or down from last closing price. If TosDis USD takes out the full calculated possible swing range there will be an estimated 11.48% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $1.84 (4.91%) than the resistance at $2.22 (15.09%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is TosDis USD cryptocurrency A Buy?
TosDis USD holds several positive signals and despite the cryptocurrency being in a falling trend, we considered it to be a good choice at these current levels. We expect TosDis USD cryptocurrency will perform very well in the next 3 months. We have upgraded our analysis conclusion for this cryptocurrency since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 5.095 Strong Buy Candidate Upgraded
Predicted Opening Price for TosDis USD of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| $1.93 ( 0.199%) | $1.93 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DISUSD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.07 | 7.21 % | |
| R2 | 2.02 | 4.38 % | ||
| R1 | 1.98 | 2.63 % | ||
| Current price: | 1.93 | |||
| Support | S1 | 1.87 | -3.03 % | |
| S2 | 1.84 | -4.78 % | ||
| S3 | 1.78 | -7.61 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.40 | 24.17 % | |
| R2 | 2.39 | 23.98 % | ||
| R1 | 2.22 | 15.09 % | ||
| Current price | 1.93 | |||
| Support | S1 | 1.84 | -4.91% | |
| S2 | 1.60 | -17.06% | ||
| S3 | 1.58 | -17.96% |
FAQ
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