Keep Network / US Dollar Cryptocurrency Forecast

Keep Network / US Dollar cryptocurrency downgraded from Buy Candidate to Hold/Accumulate after Saturday trading session.
(Updated on May 25, 2024)

KEEPUSD Signals & Forecast

The Keep Network / US Dollar 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 $0.181 and $0.174. 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). Keep Network / US Dollar has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. 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 Wednesday, March 27, 2024, and so far it has fallen -33.68%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for Keep Network / US Dollar cryptocurrency

Keep Network / US Dollar finds support from accumulated volume at $0.178 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This cryptocurrency has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the cryptocurrency moved $0.0053 between high and low, or 2.96%. For the last week, the cryptocurrency has had daily average volatility of 3.68%.

Our recommended stop-loss: $0.172 (-5.76%) (This cryptocurrency has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 111 days ago.)

Trading Expectations (KEEPUSD) For The Upcoming Trading Day Of Sunday 26th

For the upcoming trading day on Sunday, 26th we expect Keep Network / US Dollar to open at $0.181, and during the day (based on 14 day Average True Range), to move between $0.172 and $0.193, which gives a possible trading interval of +/-$0.0105 (+/-5.73%) up or down from last closing price. If Keep Network / US Dollar takes out the full calculated possible swing range there will be an estimated 11.46% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.178 (2.38%) than the resistance at $0.200 (9.52%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Keep Network / US Dollar cryptocurrency A Buy?

Keep Network / US Dollar 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. 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 Hold/Accumulate candidate.

Current score: 0.000 Hold/Accumulate Downgraded

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for Keep Network / US Dollar of Sunday, May 26, 2024

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