Dusk Network / US Dollar Cryptocurrency Forecast
Volatile ride for Dusk Network / US Dollar cryptocurrency price on Thursday moving between $0.313 and $0.347
(Updated on May 09, 2024)
The Dusk Network / US Dollar cryptocurrency price gained 0.131% on the last trading day (Thursday, 9th May 2024), rising from $0.328 to $0.329. During the last trading day the cryptocurrency fluctuated 10.83% from a day low at $0.313 to a day high of $0.347. The price has risen in 7 of the last 10 days but is still down by -4.19% for this period. Volume fell on the last day by -11 million shares and in total, 3 million shares were bought and sold for approximately $1.02 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
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 $0.304 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 11.76% during the next 3 months and, with a 90% probability hold a price between $0.340 and $0.781 at the end of this 3-month period.
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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 $0.333 and $0.377. 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 -50.50%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Support, Risk & Stop-loss for Dusk Network / US Dollar cryptocurrency
On the downside, the cryptocurrency finds support just below today's level from accumulated volume at $0.300 and $0.299. There is a natural risk involved when a cryptocurrency is testing a support level, since if this is broken, the cryptocurrency then may fall to the next support level. In this case, Dusk Network / US Dollar finds support just below today's level at $0.300. If this is broken, then the next support from accumulated volume will be at $0.299 and $0.287.
This cryptocurrency may move much during the day (volatility) and with periodic low trading volume this cryptocurrency is considered to be "high risk". During the last day, the cryptocurrency moved $0.0339 between high and low, or 10.83%. For the last week the cryptocurrency has had daily average volatility of 7.75%.
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 Friday 10th
For the upcoming trading day on Friday, 10th we expect Dusk Network / US Dollar to open at $0.330, and during the day (based on 14 day Average True Range), to move between $0.293 and $0.365, which gives a possible trading interval of +/-$0.0364 (+/-11.06%) 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 22.13% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.356 (8.23%) than the support at $0.300 (8.78%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
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: -4.029 Sell Candidate Unchanged
Predicted Opening Price for Dusk Network / US Dollar of Friday, May 10, 2024
| Fair opening price May 10, 2024 | Current price |
|---|---|
| $0.330 ( 0.213%) | $0.329 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DUSKUSD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.364 | 10.52 % | |
| R2 | 0.351 | 6.58 % | ||
| R1 | 0.343 | 4.15 % | ||
| Current price: | 0.329 | |||
| Support | S1 | 0.317 | -3.72 % | |
| S2 | 0.309 | -6.16 % | ||
| S3 | 0.296 | -10.09 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.408 | 24.02 % | |
| R2 | 0.407 | 23.72 % | ||
| R1 | 0.356 | 8.23 % | ||
| Current price | 0.329 | |||
| Support | S1 | 0.300 | -8.78% | |
| S2 | 0.299 | -8.98% | ||
| S3 | 0.287 | -12.66% |
FAQ
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