DNotes Cryptocurrency Forecast
DNotes cryptocurrency upgraded to Hold/Accumulate.
(Updated on Jun 25, 2024)
No changes to the price of DNotes cryptocurrency on the last trading day (Tuesday, 25th Jun 2024). During the last trading day the cryptocurrency fluctuated 0% from a day low at $0.100 to a day high of $0.100. The price has fallen in 5 of the last 10 days and is down by -8.04% for this period.
The cryptocurrency has broken the very wide and strong rising short-term trend down. This signalizes a slower rate of rising, but may also be an early warning about a possible trend shift. Due to the trend being broken there will now be resistance at the bottom line of the trend at $0.107. A reaction back to this level may hold a second chance to get out before further falls.
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NOTEUSD Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The DNotes 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 $0.101 and $0.125. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Saturday, June 22, 2024, and so far it has fallen -1.08%. Further fall is indicated until a new bottom pivot has been found. 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 DNotes cryptocurrency
DNotes finds support from accumulated volume at $0.0994 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 1.64%
Our recommended stop-loss: $0.0958 (-4.46%) (This cryptocurrency has low daily movements and this gives low risk. There is a sell signal from a pivot top found 31 days ago.)
Trading Expectations (NOTEUSD) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect DNotes to open at $0.100, and during the day (based on 14 day Average True Range), to move between $0.0934 and $0.107, which gives a possible trading interval of +/-$0.0069 (+/-6.85%) up or down from last closing price. If DNotes takes out the full calculated possible swing range there will be an estimated 13.71% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0994 (0.95%) than the resistance at $0.107 (7.14%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is DNotes cryptocurrency A Buy?
DNotes 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 DNotes of Wednesday, June 26, 2024
Fair opening price June 26, 2024 | Current price |
---|---|
$0.100 ( 0%) | $0.100 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NOTEUSD
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.100 | - |
R2 | 0.100 | - |
R1 | 0.100 | - |
Price | 0.100 | |
S1 | 0.100 | - |
S2 | 0.100 | - |
S3 | 0.100 | - |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.122 | 21.33% |
R2 | 0.120 | 19.91% |
R1 | 0.107 | 7.14% |
Price | 0.100 | |
S1 | 0.0994 | -0.95% |
S2 | 0 | - |
S3 | 0 | - |
FAQ
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