PolyDoge USD Cryptocurrency Forecast
PolyDoge USD cryptocurrency upgraded from Sell Candidate to Hold/Accumulate after Friday trading session.
(Updated on Jun 28, 2024)
The PolyDoge USD cryptocurrency price fell by -4.72% on the last day (Friday, 28th Jun 2024) from $0.00000001 to $0.00000001. During the last trading day the cryptocurrency fluctuated 7.15% from a day low at $0.00000001 to a day high of $0.00000001. The price has risen in 6 of the last 10 days and is up by 5.71% over the past 2 weeks. 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 -251 thousand shares and in total, 244 thousand shares were bought and sold for approximately $0.0034 .
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 $0.00000001 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 46.18% during the next 3 months and, with a 90% probability hold a price between $0.00000002 and $0.00000005 at the end of this 3-month period.
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POLYDOGEUSD 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 PolyDoge USD 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 $0.00000001 and $0.00000002. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Sunday, May 26, 2024, and so far it has fallen -50.79%. Further fall is indicated until a new bottom pivot has been found. 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 PolyDoge USD cryptocurrency
PolyDoge USD finds support from accumulated volume at $0.00000001 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 periodic low trading volume this cryptocurrency is considered to be "very high risk". During the last day, the cryptocurrency moved $0.00000000 between high and low, or 7.15%. For the last week the cryptocurrency has had daily average volatility of 9.09%.
Our recommended stop-loss: $0.00000001 (-6.28%) (This cryptocurrency has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 76 days ago.)
Trading Expectations (POLYDOGEUSD) For The Upcoming Trading Day Of Saturday 29th
For the upcoming trading day on Saturday, 29th we expect PolyDoge USD to open at $0.00000001, and during the day (based on 14 day Average True Range), to move between $0.00000001 and $0.00000002, which gives a possible trading interval of +/-$0.00000000 (+/-16.06%) up or down from last closing price. If PolyDoge USD takes out the full calculated possible swing range there will be an estimated 32.12% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.00000001 (2.35%) than the resistance at $0.00000001 (5.17%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is PolyDoge USD cryptocurrency A Buy?
PolyDoge 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. We have upgraded our analysis conclusion for this cryptocurrency since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.021 Hold/Accumulate Upgraded
Predicted Opening Price for PolyDoge USD of Saturday, June 29, 2024
| Fair opening price June 29, 2024 | Current price |
|---|---|
| $0.00000001 ( 1.64%) | $0.00000001 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for POLYDOGEUSD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.00000002 | 8.72% |
| R2 | 0.00000001 | 6.01% |
| R1 | 0.00000001 | 4.34% |
| Price | 0.00000001 | |
| S1 | 0.00000001 | -1.06% |
| S2 | 0.00000001 | -2.73% |
| S3 | 0.00000001 | -5.44% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.00000002 | 20.41% |
| R2 | 0.00000002 | 9.42% |
| R1 | 0.00000001 | 5.17% |
| Price | 0.00000001 | |
| S1 | 0.00000001 | -2.35% |
| S2 | 0.00000001 | -15.64% |
| S3 | 0.00000001 | -17.08% |
FAQ
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