district0x / US Dollar Cryptocurrency Forecast

Red day on Thursday for district0x / US Dollar
(Updated on May 16, 2024)

DNTUSD Signals & Forecast

There are few to no technical positive signals at the moment. The district0x / 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 $0.0583 and $0.0614. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, May 15, 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.

Support, Risk & Stop-loss for district0x / US Dollar cryptocurrency

district0x / US Dollar finds support from accumulated volume at $0.0577 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 4.85%

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (DNTUSD) For The Upcoming Trading Day Of Friday 17th

For the upcoming trading day on Friday, 17th we expect district0x / US Dollar to open at $0.0582, and during the day (based on 14 day Average True Range), to move between $0.0533 and $0.0631, which gives a possible trading interval of +/-$0.0049 (+/-8.37%) up or down from last closing price. If district0x / US Dollar takes out the full calculated possible swing range there will be an estimated 16.73% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.0577 (0.86%) than the resistance at $0.0597 (2.58%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is district0x / US Dollar cryptocurrency A Buy?

The district0x / US Dollar cryptocurrency holds several negative signals and despite the positive trend, we believe district0x / US Dollar will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this cryptocurrency.

Current score: -2.193 Sell Candidate Unchanged

Predicted Opening Price for district0x / US Dollar of Friday, May 17, 2024

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