USD Coin / US Dollar Cryptocurrency Forecast
USD Coin / US Dollar cryptocurrency price ended at $1.00 on Monday, after losing 0%.
(Updated on Jun 17, 2024)
No changes to the price of USD Coin / US Dollar cryptocurrency on the last trading day (Monday, 17th Jun 2024). During the last trading day the cryptocurrency fluctuated 0% from a day low at $1.00 to a day high of $1.00. The price has fallen in 5 of the last 10 days and is down by -0.04% for this period.
The cryptocurrency is at the lower part of a narrow and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $1.00 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect USD Coin / US Dollar cryptocurrency with a 90% probability to be traded between $1.00 and $1.00 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and cryptocurrencies seldom manage to go directly from the bottom of a trend up to the top. Cryptocurrencies turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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USDCUSD Signals & Forecast
A buy signal was issued from a pivot bottom point on Saturday, May 04, 2024, and so far it has risen 0.0300%. Further rise is indicated until a new top pivot has been found. 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 USD Coin / US Dollar 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 $1.00 and $1.00. A break-up above any of these levels will issue buy signals. 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. The cryptocurrency had a Golden Star Signal on Wednesday, June 05, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Wednesday, April 24, 2024.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the cryptocurrency in question.
Golden Star
The cryptocurrency had a Golden Star Signal on Wednesday, June 05, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Wednesday, April 24, 2024.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the cryptocurrency in question.
Golden Star 12 Months
The cryptocurrency had a Golden Star Signal on Wednesday, June 05, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Wednesday, April 24, 2024.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the cryptocurrency in question.
Support, Risk & Stop-loss for USD Coin / US Dollar cryptocurrency
USD Coin / US Dollar finds support from accumulated volume at $1.00 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 0.114%
Our recommended stop-loss: $0.94 (-5.98%) (This cryptocurrency has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 46 days ago.)
Trading Expectations (USDCUSD) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect USD Coin / US Dollar to open at $1.00, and during the day (based on 14 day Average True Range), to move between $1.00 and $1.00, which gives a possible trading interval of +/-$0.0022 (+/-0.22%) up or down from last closing price. If USD Coin / US Dollar takes out the full calculated possible swing range there will be an estimated 0.44% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $1.00 (0.00%) than the resistance at $1.00 (0.00%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is USD Coin / US Dollar cryptocurrency A Buy?
USD Coin / US Dollar 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: 0.191 Hold/Accumulate Unchanged
Predicted Opening Price for USD Coin / US Dollar of Tuesday, June 18, 2024
Fair opening price June 18, 2024 | Current price |
---|---|
$1.00 ( 0%) | $1.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for USDCUSD
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 1.00 | - |
R2 | 1.00 | - |
R1 | 1.00 | - |
Price | 1.00 | |
S1 | 1.00 | - |
S2 | 1.00 | - |
S3 | 1.00 | - |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 1.00 | 0.0300% |
R2 | 1.00 | 0.0100% |
R1 | 1.00 | 0.0030% |
Price | 1.00 | |
S1 | 1.00 | -0.0010% |
S2 | 1.00 | -0.0100% |
S3 | 1.00 | -0.0200% |
FAQ
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