GLOBAL DIGITAL CLUSTER COIN USD Cryptocurrency Forecast
Red day on Monday for GLOBAL DIGITAL CLUSTER COIN USD
(Updated on May 27, 2024)
No changes to the price of GLOBAL DIGITAL CLUSTER COIN USD cryptocurrency on the last trading day (Monday, 27th May 2024). During the last trading day the cryptocurrency fluctuated 1.82% from a day low at $1.65 to a day high of $1.68. The price has fallen in 6 of the last 10 days but is still up by 1.83% over the past 2 weeks.
The cryptocurrency lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Due to the high volatility and the trend direction we are not able to give forecast range for this stock.
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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 $1.67 and $1.46. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Saturday, April 27, 2024, and so far it has risen 70.49%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point".
Support, Risk & Stop-loss for GLOBAL DIGITAL CLUSTER COIN USD cryptocurrency
GLOBAL DIGITAL CLUSTER COIN USD finds support from accumulated volume at $1.65 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the cryptocurrency tends to have controlled movements and therefore the general risk is considered low. However, be aware of low or falling volume and make sure to keep an eye on the cryptocurrency. During the last day, the cryptocurrency moved $0.0300 between high and low, or 1.82%. For the last week the cryptocurrency has had daily average volatility of 1.82%.
Our recommended stop-loss: $1.60 (-3.92%) (This cryptocurrency has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 91 days ago.)
Trading Expectations (GDCCUSD) For The Upcoming Trading Day Of Tuesday 28th
For the upcoming trading day on Tuesday, 28th we expect GLOBAL DIGITAL CLUSTER COIN USD to open at $1.67, and during the day (based on 14 day Average True Range), to move between $1.59 and $1.75, which gives a possible trading interval of +/-$0.0821 (+/-4.92%) 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 9.84% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $1.68 (0.60%) than the support at $1.65 (1.20%), 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 GLOBAL DIGITAL CLUSTER COIN USD cryptocurrency A Buy?
GLOBAL DIGITAL CLUSTER COIN USD holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.681 Hold/Accumulate Unchanged
Predicted Opening Price for GLOBAL DIGITAL CLUSTER COIN USD of Tuesday, May 28, 2024
Fair opening price May 28, 2024 | Current price |
---|---|
$1.67 ( 0.200%) | $1.67 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GDCCUSD
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 1.70 | 1.60 % | |
R2 | 1.69 | 0.91 % | ||
R1 | 1.68 | 0.487 % | ||
Current price: | 1.67 | |||
Support | S1 | 1.66 | -0.89 % | |
S2 | 1.65 | -1.31 % | ||
S3 | 1.64 | -2.00 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 1.72 | 2.99 % | |
R2 | 1.69 | 1.20 % | ||
R1 | 1.68 | 0.599 % | ||
Current price | 1.67 | |||
Support | S1 | 1.65 | -1.20% | |
S2 | 1.64 | -1.80% | ||
S3 | 1.62 | -2.99% |
FAQ
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