Keep Network / US Dollar Cryptocurrency Forecast
Keep Network / US Dollar cryptocurrency price ended at $0.133 on Sunday, after losing 2.77%.
(Updated on Jun 16, 2024)
The Keep Network / US Dollar cryptocurrency price fell by -2.77% on the last day (Sunday, 16th Jun 2024) from $0.137 to $0.133. During the last trading day the cryptocurrency fluctuated 5.89% from a day low at $0.130 to a day high of $0.138. The price has fallen in 6 of the last 10 days and is down by -20.4% for this period. Volume fell on the last day along with the cryptocurrency, which is actually a good sign as volume should follow the cryptocurrency. On the last day, the trading volume fell by -4 thousand shares and in total, 9 thousand shares were bought and sold for approximately $1.25 thousand.
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. Given the current short-term trend, the cryptocurrency is expected to fall -18.46% during the next 3 months and, with a 90% probability hold a price between $0.0867 and $0.187 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
KEEPUSD Signals & Forecast
There are few to no technical positive signals at the moment. 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 $0.141 and $0.166. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, March 27, 2024, and so far it has fallen -51.72%. 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). Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this cryptocurrency may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Keep Network / US Dollar cryptocurrency
There is no support from accumulated volume below today's level and given the right condition the cryptocurrency may perform very badly in the next couple of days.
This cryptocurrency may move much during the day (volatility) and with periodic low trading volume this cryptocurrency is considered to be "high risk". During the last day, the cryptocurrency moved $0.0077 between high and low, or 5.89%. For the last week the cryptocurrency has had daily average volatility of 8.05%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (KEEPUSD) For The Upcoming Trading Day Of Monday 17th
For the upcoming trading day on Monday, 17th we expect Keep Network / US Dollar to open at $0.134, and during the day (based on 14 day Average True Range), to move between $0.123 and $0.143, which gives a possible trading interval of +/-$0.0101 (+/-7.63%) 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 15.26% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $0.157, some $0.0242 (18.20%) from the current price of $0.133, our system finds the risk reward not very attractive.
Is Keep Network / US Dollar cryptocurrency A Buy?
Keep Network / US Dollar holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this cryptocurrency.
Current score: -5.959 Strong Sell Candidate Unchanged
Predicted Opening Price for Keep Network / US Dollar of Monday, June 17, 2024
| Fair opening price June 17, 2024 | Current price |
|---|---|
| $0.134 ( 0.685%) | $0.133 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KEEPUSD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.142 | 6.47% |
| R2 | 0.139 | 4.26% |
| R1 | 0.137 | 2.89% |
| Price | 0.133 | |
| S1 | 0.131 | -1.53% |
| S2 | 0.129 | -2.89% |
| S3 | 0.126 | -5.10% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.165 | 24.18% |
| R2 | 0.162 | 22.18% |
| R1 | 0.157 | 18.20% |
| Price | 0.133 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
FAQ
Click here for our free guide on how to buy Keep Network / US Dollar Cryptocurrency.
