KlimaDAO USD Cryptocurrency Forecast
Is KlimaDAO USD cryptocurrency still a buy after falling -7.93% on Friday?
(Updated on May 17, 2024)
The KlimaDAO USD cryptocurrency price fell by -7.93% on the last day (Friday, 17th May 2024) from $2.44 to $2.25. During the last trading day the cryptocurrency fluctuated 4.26% from a day low at $2.19 to a day high of $2.28. The price has fallen in 5 of the last 10 days and is down by -17.14% for this period. Volume has increased on the last day by 674 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 674 thousand shares were bought and sold for approximately $1.52 million.
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 $2.23 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 54.93% during the next 3 months and, with a 90% probability hold a price between $3.45 and $9.42 at the end of this 3-month period.
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KLIMAUSD Signals & Forecast
There are few to no technical positive signals at the moment. The KlimaDAO USD cryptocurrency holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $2.27 and $2.27. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, March 28, 2024, and so far it has fallen -53.80%. 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 rose on falling prices yesterday. This may be an early warning and the cryptocurrency should be followed more closely.
Support, Risk & Stop-loss for KlimaDAO USD cryptocurrency
KlimaDAO USD finds support from accumulated volume at $2.17 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 $0.0932 between high and low, or 4.26%. For the last week, the cryptocurrency has had daily average volatility of 6.09%.
Our recommended stop-loss: $2.13 (-5.14%) (This cryptocurrency has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 50 days ago.)
Trading Expectations (KLIMAUSD) For The Upcoming Trading Day Of Saturday 18th
For the upcoming trading day on Saturday, 18th we expect KlimaDAO USD to open at $2.24, and during the day (based on 14 day Average True Range), to move between $2.05 and $2.45, which gives a possible trading interval of +/-$0.197 (+/-8.77%) up or down from last closing price. If KlimaDAO USD takes out the full calculated possible swing range there will be an estimated 17.53% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $2.17 (3.41%) than the resistance at $2.35 (4.57%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is KlimaDAO USD cryptocurrency A Buy?
KlimaDAO USD 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.
Current score: 0.000 Hold/Accumulate Unchanged
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 KlimaDAO USD of Saturday, May 18, 2024
| Fair opening price May 18, 2024 | Current price |
|---|---|
| $2.24 ( 0.349%) | $2.25 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KLIMAUSD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.33 | 3.80 % | |
| R2 | 2.30 | 2.21 % | ||
| R1 | 2.28 | 1.23 % | ||
| Current price: | 2.25 | |||
| Support | S1 | 2.21 | -1.93 % | |
| S2 | 2.18 | -2.91 % | ||
| S3 | 2.15 | -4.49 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.60 | 15.66 % | |
| R2 | 2.38 | 5.90 % | ||
| R1 | 2.35 | 4.57 % | ||
| Current price | 2.25 | |||
| Support | S1 | 2.17 | -3.41% | |
| S2 | 2.14 | -4.95% | ||
| S3 | 2.11 | -6.22% |
FAQ
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