Keep Network / US Dollar Cryptocurrency Forecast

Stronger technical forecast for Keep Network / US Dollar cryptocurrency price after Tuesday trading.
(Updated on Jun 25, 2024)

KEEPUSD Signals & Forecast

A buy signal was issued from a pivot bottom point on Sunday, June 23, 2024, and so far it has fallen 0%. 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. The Keep Network / 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 $0.111 and $0.149. A break-up above any of these levels will issue buy signals. 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". The very low volume increases the risk and reduces the other technical signals issued.

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

Keep Network / US Dollar finds support from accumulated volume at $0.106 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 very controlled movements and therefore the general risk is considered very 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 between high and low, or 0%. For the last week the cryptocurrency has had daily average volatility of 4.16%

Keep Network / US Dollar is oversold on RSI14 (22). Some cryptocurrencies may drop long and hard while being oversold on RSI before turning, which increases the general risk.

Our recommended stop-loss: $0.103 (-6.56%) (This cryptocurrency has low daily movements and this gives low risk. Low RSI14 is 22 which reduces the risk some. There is a buy signal from a pivot bottom found 7 days ago.)

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

For the upcoming trading day on Wednesday, 26th we expect Keep Network / US Dollar to open at $0.110, and during the day (based on 14 day Average True Range), to move between $0.100 and $0.119, which gives a possible trading interval of +/-$0.0095 (+/-8.67%) 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 17.34% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.110 (0.27%) than the support at $0.106 (3.70%), 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 Keep Network / US Dollar cryptocurrency A Buy?

Keep Network / US Dollar holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this cryptocurrency since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: 0.000 Hold/Accumulate Upgraded

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 Wednesday, June 26, 2024

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