Divi / US Dollar Cryptocurrency Forecast
Divi / US Dollar cryptocurrency price ended at $0.0019 on Saturday, after gaining 0.535%.
(Updated on May 18, 2024)
The Divi / US Dollar cryptocurrency price gained 0.535% on the last trading day (Saturday, 18th May 2024), rising from $0.0019 to $0.0019. During the last trading day the cryptocurrency fluctuated 1.78% from a day low at $0.0019 to a day high of $0.0019. The price has risen in 5 of the last 10 days but is still down by -1.26% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 20 thousand more shares were traded than the day before. In total, 314 thousand shares were bought and sold for approximately $589.55 .
The cryptocurrency lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the cryptocurrency is expected to fall -34.54% during the next 3 months and, with a 90% probability hold a price between $0.0011 and $0.0015 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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DIVIUSD Signals & Forecast
A buy signal was issued from a pivot bottom point on Sunday, May 12, 2024, and so far it has risen 6.76%. 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). Divi / US Dollar 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Divi / US Dollar 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 $0.0020. On a fall, the cryptocurrency will find some support from the short-term average at $0.0018. 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.
Support, Risk & Stop-loss for Divi / US Dollar cryptocurrency
Divi / US Dollar finds support from accumulated volume at $0.0019 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This cryptocurrency has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the cryptocurrency moved $0.000033 between high and low, or 1.78%. For the last week, the cryptocurrency has had daily average volatility of 3.74%.
Our recommended stop-loss: $0.0018 (-4.17%) (This cryptocurrency has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 6 days ago.)
Trading Expectations (DIVIUSD) For The Upcoming Trading Day Of Sunday 19th
For the upcoming trading day on Sunday, 19th we expect Divi / US Dollar to open at $0.0019, and during the day (based on 14 day Average True Range), to move between $0.0018 and $0.0020, which gives a possible trading interval of +/-$0.00008657 (+/-4.61%) up or down from last closing price. If Divi / US Dollar takes out the full calculated possible swing range there will be an estimated 9.21% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0019 (0.59%) than the resistance at $0.0023 (21.18%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Divi / US Dollar cryptocurrency A Buy?
Divi / US Dollar 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: -0.817 Hold/Accumulate Unchanged
Predicted Opening Price for Divi / US Dollar of Sunday, May 19, 2024
| Fair opening price May 19, 2024 | Current price |
|---|---|
| $0.0019 ( 0.408%) | $0.0019 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DIVIUSD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0019 | 1.35 % | |
| R2 | 0.0019 | 0.677 % | ||
| R1 | 0.0019 | 0.263 % | ||
| Current price: | 0.0019 | |||
| Support | S1 | 0.0019 | -1.08 % | |
| S2 | 0.0019 | -1.49 % | ||
| S3 | 0.0018 | -2.16 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0023 | 24.80 % | |
| R2 | 0.0023 | 22.88 % | ||
| R1 | 0.0023 | 21.18 % | ||
| Current price | 0.0019 | |||
| Support | S1 | 0.0019 | -0.585% | |
| S2 | 0.0018 | -3.99% | ||
| S3 | 0.0018 | -4.58% |
FAQ
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