DOC.COM USD Cryptocurrency Forecast
DOC.COM USD cryptocurrency price took a fall of -5.13% on Saturday
(Updated on May 18, 2024)
The DOC.COM USD cryptocurrency price fell by -5.13% on the last day (Saturday, 18th May 2024) from $0.0143 to $0.0136. During the last trading day the cryptocurrency fluctuated 4.35% from a day low at $0.0135 to a day high of $0.0141. The price has fallen in 6 of the last 10 days and is down by -7.57% 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 -60 thousand shares and in total, 1 million shares were bought and sold for approximately $15.25 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 -19.64% during the next 3 months and, with a 90% probability hold a price between $0.0063 and $0.0136 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.
MTCUSD Signals & Forecast
There are few to no technical positive signals at the moment. The DOC.COM 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 $0.0145 and $0.0140. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Saturday, May 04, 2024, and so far it has fallen -21.03%. 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 DOC.COM USD cryptocurrency
DOC.COM USD finds support from accumulated volume at $0.0132 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 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 $0.0006 between high and low, or 4.35%. For the last week the cryptocurrency has had daily average volatility of 3.25%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (MTCUSD) For The Upcoming Trading Day Of Sunday 19th
For the upcoming trading day on Sunday, 19th we expect DOC.COM USD to open at $0.0137, and during the day (based on 14 day Average True Range), to move between $0.0125 and $0.0146, which gives a possible trading interval of +/-$0.0010 (+/-7.55%) up or down from last closing price. If DOC.COM USD takes out the full calculated possible swing range there will be an estimated 15.10% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0132 (2.65%) than the resistance at $0.0143 (5.77%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is DOC.COM USD cryptocurrency A Buy?
DOC.COM USD 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this cryptocurrency since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -4.332 Sell Candidate Downgraded
Predicted Opening Price for DOC.COM USD of Sunday, May 19, 2024
| Fair opening price May 19, 2024 | Current price |
|---|---|
| $0.0137 ( 1.20%) | $0.0136 |
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 | 0.0143 | 5.53 % | |
| R2 | 0.0141 | 3.87 % | ||
| R1 | 0.0140 | 2.85 % | ||
| Current price: | 0.0136 | |||
| Support | S1 | 0.0135 | -0.460 % | |
| S2 | 0.0134 | -1.48 % | ||
| S3 | 0.0131 | -3.14 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0166 | 22.24 % | |
| R2 | 0.0146 | 7.36 % | ||
| R1 | 0.0143 | 5.77 % | ||
| Current price | 0.0136 | |||
| Support | S1 | 0.0132 | -2.65% | |
| S2 | 0.0125 | -7.75% | ||
| S3 | 0.0120 | -11.47% |
FAQ
Click here for our free guide on how to buy DOC.COM USD Cryptocurrency.
