DOC.COM USD Cryptocurrency Forecast
Green day on Tuesday for DOC.COM USD
(Updated on May 07, 2024)
The DOC.COM USD cryptocurrency price gained 2.84% on the last trading day (Tuesday, 7th May 2024), rising from $0.0156 to $0.0160. During the last trading day the cryptocurrency fluctuated 1.62% from a day low at $0.0160 to a day high of $0.0163. The price has fallen in 8 of the last 10 days and is down by -3.5% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 116 thousand more shares were traded than the day before. In total, 1 million shares were bought and sold for approximately $21.74 thousand.
The cryptocurrency lies the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $0.0171 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the cryptocurrency is expected to fall -29.33% during the next 3 months and, with a 90% probability hold a price between $0.0051 and $0.0121 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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MTCUSD Signals & Forecast
The DOC.COM USD 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 $0.0152 and $0.0128. A breakdown below any of these levels will issue sell signals. DOC.COM USD 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 Thursday, April 25, 2024, and so far it has fallen -11.37%. 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).
Support, Risk & Stop-loss for DOC.COM USD cryptocurrency
On the downside, the cryptocurrency finds support just below today's level from accumulated volume at $0.0132 and $0.0125. There is a natural risk involved when a cryptocurrency is testing a support level, since if this is broken, the cryptocurrency then may fall to the next support level. In this case, DOC.COM USD finds support just below today's level at $0.0132. If this is broken, then the next support from accumulated volume will be at $0.0125 and $0.0120.
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 $0.0003 between high and low, or 1.62%. For the last week, the cryptocurrency has had daily average volatility of 5.98%.
Our recommended stop-loss: $0.0151 (-5.66%) (This cryptocurrency has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 12 days ago.)
Trading Expectations (MTCUSD) For The Upcoming Trading Day Of Wednesday 8th
For the upcoming trading day on Wednesday, 8th we expect DOC.COM USD to open at $0.0161, and during the day (based on 14 day Average True Range), to move between $0.0147 and $0.0173, which gives a possible trading interval of +/-$0.0013 (+/-8.13%) up or down from last closing price. If DOC.COM USD takes out the full calculated possible swing range there will be an estimated 16.26% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0175 (9.57%) than the support at $0.0132 (17.48%), 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 DOC.COM USD cryptocurrency A Buy?
DOC.COM USD 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.
Current score: -0.075 Hold/Accumulate Unchanged
Predicted Opening Price for DOC.COM USD of Wednesday, May 8, 2024
| Fair opening price May 8, 2024 | Current price |
|---|---|
| $0.0161 ( 0.540%) | $0.0160 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MTCUSD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0163 | 2.16 % | |
| R2 | 0.0162 | 1.54 % | ||
| R1 | 0.0162 | 1.16 % | ||
| Current price: | 0.0160 | |||
| Support | S1 | 0.0160 | -0.0795 % | |
| S2 | 0.0159 | -0.462 % | ||
| S3 | 0.0158 | -1.08 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0180 | 12.62 % | |
| R2 | 0.0178 | 11.38 % | ||
| R1 | 0.0175 | 9.57 % | ||
| Current price | 0.0160 | |||
| Support | S1 | 0.0132 | -17.48% | |
| S2 | 0.0125 | -21.80% | ||
| S3 | 0.0120 | -24.95% |
FAQ
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