GLOBAL DIGITAL CLUSTER COIN USD Cryptocurrency Forecast

Big movements in GLOBAL DIGITAL CLUSTER COIN USD cryptocurrency price on Monday moving 10.96% between high and low
(Updated on May 06, 2024)

GDCCUSD Signals & Forecast

The GLOBAL DIGITAL CLUSTER COIN USD cryptocurrency holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $1.31 and $1.15. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Monday, February 26, 2024, and so far it has fallen -90.51%. 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 GLOBAL DIGITAL CLUSTER COIN USD cryptocurrency

On the downside, the cryptocurrency finds support just below today's level from accumulated volume at $1.44 and $1.43. 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, GLOBAL DIGITAL CLUSTER COIN USD finds support just below today's level at $1.44. If this is broken, then the next support from accumulated volume will be at $1.43 and $1.24.

This cryptocurrency may move very much during the day (volatility) and with periodic low trading volume this cryptocurrency is considered to be "very high risk". During the last day, the cryptocurrency moved $0.160 between high and low, or 10.96%. For the last week the cryptocurrency has had daily average volatility of 8.44%.

The GLOBAL DIGITAL CLUSTER COIN USD cryptocurrency is extremely overbought on RSI14 (92). This increases the short-term risk substantially.

Our recommended stop-loss: $1.54 (-4.66%) (This cryptocurrency has very high daily movements and this gives very high risk. The RSI14 is 92 and this increases the risk substantially. There is a sell signal from a pivot top found 70 days ago.)

Trading Expectations (GDCCUSD) For The Upcoming Trading Day Of Tuesday 7th

For the upcoming trading day on Tuesday, 7th we expect GLOBAL DIGITAL CLUSTER COIN USD to open at $1.57, and during the day (based on 14 day Average True Range), to move between $1.45 and $1.79, which gives a possible trading interval of +/-$0.168 (+/-10.39%) up or down from last closing price. If GLOBAL DIGITAL CLUSTER COIN USD takes out the full calculated possible swing range there will be an estimated 20.78% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $1.44, some $0.180 (11.11%) from the current price of $1.62, our system finds the risk reward attractive.

Is GLOBAL DIGITAL CLUSTER COIN USD cryptocurrency A Buy?

Several short-term signals are positive, despite the cryptocurrency being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for cryptocurrency to perform well in the short-term. We have upgraded our analysis conclusion for this cryptocurrency since the last evaluation from a Sell to a Buy candidate.

Current score: 2.452 Buy Candidate Upgraded

Predicted Opening Price for GLOBAL DIGITAL CLUSTER COIN USD of Tuesday, May 7, 2024

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