Dfinity (IOU) / US Dollar Cryptocurrency Forecast
Volatile ride for Dfinity (IOU) / US Dollar cryptocurrency price on Thursday moving between $12.16 and $13.38
(Updated on May 02, 2024)
The Dfinity (IOU) / US Dollar cryptocurrency price gained 0.334% on the last trading day (Thursday, 2nd May 2024), rising from $12.86 to $12.90. During the last trading day the cryptocurrency fluctuated 10.01% from a day low at $12.16 to a day high of $13.38. The price has risen in 6 of the last 10 days but is still down by -15.1% for this period. Volume fell on the last day by -162 million shares and in total, 33 million shares were bought and sold for approximately $431.87 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 $12.31 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 11.00% during the next 3 months and, with a 90% probability hold a price between $13.66 and $22.48 at the end of this 3-month period.
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ICPUSD Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 7.65%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The cryptocurrency should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Dfinity (IOU) / 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 $13.24 and $15.00. A break-up above any of these levels will issue buy signals.
Support, Risk & Stop-loss for Dfinity (IOU) / US Dollar cryptocurrency
Dfinity (IOU) / US Dollar finds support from accumulated volume at $12.48 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 much during the day (volatility) and with a large prediction interval from the Bollinger Band this cryptocurrency is considered to be "high risk". During the last day, the cryptocurrency moved $1.22 between high and low, or 10.01%. For the last week, the cryptocurrency has had daily average volatility of 7.84%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ICPUSD) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect Dfinity (IOU) / US Dollar to open at $12.81, and during the day (based on 14 day Average True Range), to move between $11.54 and $14.26, which gives a possible trading interval of +/-$1.36 (+/-10.52%) up or down from last closing price. If Dfinity (IOU) / US Dollar takes out the full calculated possible swing range there will be an estimated 21.04% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $12.48 (3.26%) than the resistance at $13.70 (6.19%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Dfinity (IOU) / US Dollar cryptocurrency A Buy?
The Dfinity (IOU) / US Dollar cryptocurrency holds several negative signals and despite the positive trend, we believe Dfinity (IOU) / US Dollar will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this cryptocurrency.
Current score: -1.830 Sell Candidate Unchanged
Predicted Opening Price for Dfinity (IOU) / US Dollar of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| $12.81 ( 0.695%) | $12.90 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ICPUSD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 14.03 | 8.74 % | |
| R2 | 13.56 | 5.13 % | ||
| R1 | 13.28 | 2.91 % | ||
| Current price: | 12.90 | |||
| Support | S1 | 12.35 | -4.30 % | |
| S2 | 12.06 | -6.52 % | ||
| S3 | 11.59 | -10.13 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 14.99 | 16.20 % | |
| R2 | 14.78 | 14.53 % | ||
| R1 | 13.70 | 6.19 % | ||
| Current price | 12.90 | |||
| Support | S1 | 12.48 | -3.26% | |
| S2 | 12.37 | -4.08% | ||
| S3 | 12.11 | -6.12% |
FAQ
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