Dock / US Dollar Cryptocurrency Forecast
Dock / US Dollar cryptocurrency price fell more than -5.44% Tuesday closing at $0.0159
(Updated on Jul 02, 2024)
The Dock / US Dollar cryptocurrency price fell by -5.44% on the last day (Tuesday, 2nd Jul 2024) from $0.0168 to $0.0159. During the last trading day the cryptocurrency fluctuated 5.38% from a day low at $0.0158 to a day high of $0.0167. The price has been going up and down for this period, and there has been a -25.43% loss for the last 2 weeks. Volume has increased on the last day by 1 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 11 million shares were bought and sold for approximately $176.17 thousand.
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 -43.33% during the next 3 months and, with a 90% probability hold a price between $0.0073 and $0.0134 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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DOCKUSD Signals & Forecast
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. The Dock / 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 $0.0201 and $0.0247. 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 22, 2024, and so far it has fallen -50.17%. Further fall is indicated until a new bottom pivot has been found. Dock / US Dollar gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
Support, Risk & Stop-loss for Dock / US Dollar cryptocurrency
There is no support from accumulated volume below today's level and given the right condition the cryptocurrency may perform very badly in the next couple of days.
This cryptocurrency may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this cryptocurrency is considered to be "high risk". During the last day, the cryptocurrency moved $0.0009 between high and low, or 5.38%. For the last week, the cryptocurrency has had daily average volatility of 13.77%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (DOCKUSD) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Dock / US Dollar to open at $0.0161, and during the day (based on 14 day Average True Range), to move between $0.0140 and $0.0177, which gives a possible trading interval of +/-$0.0019 (+/-11.72%) up or down from last closing price. If Dock / US Dollar takes out the full calculated possible swing range there will be an estimated 23.45% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $0.0168, some $0.0009 (5.76%) from the current price of $0.0159, our system finds the risk reward not very attractive.
Is Dock / US Dollar cryptocurrency A Buy?
Dock / US Dollar holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this cryptocurrency.
Current score: -7.370 Strong Sell Candidate Unchanged
Predicted Opening Price for Dock / US Dollar of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $0.0161 ( 1.54%) | $0.0159 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DOCKUSD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0170 | 6.90% |
| R2 | 0.0166 | 4.86% |
| R1 | 0.0164 | 3.59% |
| Price | 0.0159 | |
| S1 | 0.0158 | -0.504% |
| S2 | 0.0156 | -1.77% |
| S3 | 0.0153 | -3.82% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0.0168 | 5.76% |
| Price | 0.0159 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
FAQ
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