Dusk Network / US Dollar Cryptocurrency Forecast

Dusk Network / US Dollar cryptocurrency price fell more than -5.21% Friday closing at $0.341
(Updated on Apr 26, 2024)

DUSKUSD 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 Dusk Network / 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 $0.381 and $0.456. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, March 28, 2024, and so far it has fallen -48.68%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the cryptocurrency should be followed more closely.

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

Dusk Network / US Dollar finds support from accumulated volume at $0.336 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 $0.0215 between high and low, or 6.47%. For the last week, the cryptocurrency has had daily average volatility of 7.35%.

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

Trading Expectations (DUSKUSD) For The Upcoming Trading Day Of Saturday 27th

For the upcoming trading day on Saturday, 27th we expect Dusk Network / US Dollar to open at $0.343, and during the day (based on 14 day Average True Range), to move between $0.290 and $0.392, which gives a possible trading interval of +/-$0.0506 (+/-14.84%) up or down from last closing price. If Dusk Network / US Dollar takes out the full calculated possible swing range there will be an estimated 29.68% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.336 (1.47%) than the resistance at $0.356 (4.38%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Dusk Network / US Dollar cryptocurrency A Buy?

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

Current score: -1.656 Sell Candidate Unchanged

Predicted Opening Price for Dusk Network / US Dollar of Saturday, April 27, 2024

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