VIDT Datalink USD Cryptocurrency Forecast
VIDT Datalink USD cryptocurrency price ended at $0.0233 on Friday, after losing 2.29%.
(Updated on Jun 28, 2024)
The VIDT Datalink USD cryptocurrency price fell by -2.29% on the last day (Friday, 28th Jun 2024) from $0.0238 to $0.0233. During the last trading day the cryptocurrency fluctuated 3.91% from a day low at $0.0232 to a day high of $0.0241. The price has fallen in 6 of the last 10 days but is still up by 1.66% 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 -94 thousand shares and in total, 1 million shares were bought and sold for approximately $29.34 thousand.
The cryptocurrency lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.0209 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the cryptocurrency is expected to fall -40.59% during the next 3 months and, with a 90% probability hold a price between $0.0124 and $0.0213 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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VIDTUSD Signals & Forecast
A buy signal was issued from a pivot bottom point on Sunday, June 23, 2024, and so far it has risen 4.67%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The VIDT Datalink 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 $0.0234 and $0.0292. A break-up above any of these levels will issue buy signals. 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 VIDT Datalink USD cryptocurrency
VIDT Datalink USD finds support from accumulated volume at $0.0232 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 $0.0009 between high and low, or 3.91%. For the last week the cryptocurrency has had daily average volatility of 4.94%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (VIDTUSD) For The Upcoming Trading Day Of Saturday 29th
For the upcoming trading day on Saturday, 29th we expect VIDT Datalink USD to open at $0.0235, and during the day (based on 14 day Average True Range), to move between $0.0217 and $0.0248, which gives a possible trading interval of +/-$0.0015 (+/-6.63%) up or down from last closing price. If VIDT Datalink USD takes out the full calculated possible swing range there will be an estimated 13.27% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0232 (0.16%) than the resistance at $0.0235 (0.90%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is VIDT Datalink USD cryptocurrency A Buy?
VIDT Datalink 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.
Current score: -4.411 Sell Candidate Unchanged
Predicted Opening Price for VIDT Datalink USD of Saturday, June 29, 2024
| Fair opening price June 29, 2024 | Current price |
|---|---|
| $0.0235 ( 1.12%) | $0.0233 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VIDTUSD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0245 | 5.02% |
| R2 | 0.0241 | 3.53% |
| R1 | 0.0239 | 2.61% |
| Price | 0.0233 | |
| S1 | 0.0232 | -0.369% |
| S2 | 0.0230 | -1.29% |
| S3 | 0.0226 | -2.78% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0285 | 22.52% |
| R2 | 0.0238 | 2.35% |
| R1 | 0.0235 | 0.90% |
| Price | 0.0233 | |
| S1 | 0.0232 | -0.159% |
| S2 | 0.0229 | -1.63% |
| S3 | 0.0227 | -2.44% |
FAQ
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