DeepFakeAI USD Cryptocurrency Forecast

High volatility in DeepFakeAI USD cryptocurrency price on Monday which ended trading at $0.0063
(Updated on Jun 10, 2024)

FAKEAIUSD Signals & Forecast

There are few to no technical positive signals at the moment. The DeepFakeAI USD 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 $0.0075 and $0.0084. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, May 24, 2024, and so far it has fallen -42.50%. 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). DeepFakeAI 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 DeepFakeAI USD 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 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 $0.0008 between high and low, or 13.04%. For the last week, the cryptocurrency has had daily average volatility of 9.19%.

DeepFakeAI USD is oversold on RSI14 (9). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.

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

Trading Expectations (FAKEAIUSD) For The Upcoming Trading Day Of Tuesday 11th

For the upcoming trading day on Tuesday, 11th we expect DeepFakeAI USD to open at $0.0064, and during the day (based on 14 day Average True Range), to move between $0.0056 and $0.0070, which gives a possible trading interval of +/-$0.0007 (+/-11.47%) up or down from last closing price. If DeepFakeAI USD takes out the full calculated possible swing range there will be an estimated 22.93% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ $0.0067, some $0.0004 (6.70%) from the current price of $0.0063, our system finds the risk reward not very attractive.

Is DeepFakeAI USD cryptocurrency A Buy?

DeepFakeAI USD 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: -2.721 Sell Candidate Unchanged

Predicted Opening Price for DeepFakeAI USD of Tuesday, June 11, 2024

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