iDypius USD Cryptocurrency Forecast

Weaker technical forecast for iDypius USD as cryptocurrency downgraded to Sell Candidate.
(Updated on Apr 30, 2024)

IDYPUSD Signals & Forecast

There are few to no technical positive signals at the moment. The iDypius 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 $0.0020 and $0.0020. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, April 01, 2024, and so far it has fallen -37.59%. 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). iDypius 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 iDypius USD cryptocurrency

iDypius USD finds support from accumulated volume at $0.0019 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 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 $0.0002 between high and low, or 9.17%. For the last week, the cryptocurrency has had daily average volatility of 5.72%.

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

Trading Expectations (IDYPUSD) For The Upcoming Trading Day Of Wednesday 1st

For the upcoming trading day on Wednesday, 1st we expect iDypius USD to open at $0.0020, and during the day (based on 14 day Average True Range), to move between $0.0016 and $0.0024, which gives a possible trading interval of +/-$0.0004 (+/-19.52%) up or down from last closing price. If iDypius USD takes out the full calculated possible swing range there will be an estimated 39.03% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.0019 (4.95%) than the resistance at $0.0021 (7.38%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is iDypius USD cryptocurrency A Buy?

The iDypius USD cryptocurrency holds several negative signals and despite the positive trend, we believe iDypius USD will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this cryptocurrency. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this cryptocurrency since the last evaluation from a Buy to a Sell candidate.

Current score: -3.050 Sell Candidate Downgraded

Predicted Opening Price for iDypius USD of Wednesday, May 1, 2024

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