DogeGF USD Cryptocurrency Forecast
High volatility in DogeGF USD cryptocurrency price on Wednesday which ended trading at $0.00000000
(Updated on May 01, 2024)
The DogeGF USD cryptocurrency price fell by -7.04% on the last day (Wednesday, 1st May 2024) from $0.00000000 to $0.00000000. It has now fallen 4 days in a row. During the last trading day the cryptocurrency fluctuated 10.50% from a day low at $0.00000000 to a day high of $0.00000000. The price has fallen in 6 of the last 10 days and is down by -11.9% for this period. Volume has increased on the last day by 30 thousand 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, 52 thousand shares were bought and sold for approximately $0.00000955 .
The cryptocurrency lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.00000000 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the cryptocurrency is expected to rise 30.18% during the next 3 months and, with a 90% probability hold a price between $0.00000000 and $0.00000000 at the end of this 3-month period.
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DOGEGFUSD 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 DogeGF USD cryptocurrency holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $0.00000000 and $0.00000000. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, March 08, 2024, and so far it has fallen -33.69%. Further fall is indicated until a new bottom pivot has been found. DogeGF USD 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". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for DogeGF USD cryptocurrency
DogeGF USD finds support from accumulated volume at $0.00000000 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 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 $0.00000000 between high and low, or 10.50%. For the last week, the cryptocurrency has had daily average volatility of 11.02%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (DOGEGFUSD) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect DogeGF USD to open at $0.00000000, and during the day (based on 14 day Average True Range), to move between $0.00000000 and $0.00000000, which gives a possible trading interval of +/-$0.00000000 (+/-13.56%) up or down from last closing price. If DogeGF USD takes out the full calculated possible swing range there will be an estimated 27.11% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.00000000 (1.08%) than the resistance at $0.00000000 (12.43%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is DogeGF USD cryptocurrency A Buy?
The DogeGF USD cryptocurrency holds several negative signals and despite the positive trend, we believe DogeGF USD will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this cryptocurrency. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this cryptocurrency since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -4.361 Sell Candidate Downgraded
Predicted Opening Price for DogeGF USD of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| $0.00000000 ( 1.98%) | $0.00000000 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DOGEGFUSD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.00000000 | 12.25 % | |
| R2 | 0.00000000 | 8.33 % | ||
| R1 | 0.00000000 | 5.91 % | ||
| Current price: | 0.00000000 | |||
| Support | S1 | 0.00000000 | -1.94 % | |
| S2 | 0.00000000 | -4.37 % | ||
| S3 | 0.00000000 | -8.29 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.00000000 | 21.62 % | |
| R2 | 0.00000000 | 16.22 % | ||
| R1 | 0.00000000 | 12.43 % | ||
| Current price | 0.00000000 | |||
| Support | S1 | 0.00000000 | -1.08% | |
| S2 | 0.00000000 | -1.62% | ||
| S3 | 0.00000000 | -6.49% |
FAQ
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