DigitalBits / US Dollars Cryptocurrency Forecast
DigitalBits / US Dollars cryptocurrency upgraded to Hold/Accumulate.
(Updated on Jun 25, 2024)
No changes to the price of DigitalBits / US Dollars cryptocurrency on the last trading day (Tuesday, 25th Jun 2024). During the last trading day the cryptocurrency fluctuated 0% from a day low at $0.0004 to a day high of $0.0004. The price has fallen in 6 of the last 10 days and is down by -7.83% for this period.
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 -48.27% during the next 3 months and, with a 90% probability hold a price between $0.0002 and $0.0003 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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XDBUSD Signals & Forecast
There are mixed signals in the cryptocurrency today. The DigitalBits / US Dollars 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 $0.0004 and $0.0005. 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. A buy signal was issued from a pivot bottom point on Sunday, June 23, 2024, and so far it has fallen 0%. 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).
Support, Risk & Stop-loss for DigitalBits / US Dollars cryptocurrency
DigitalBits / US Dollars finds support from accumulated volume at $0.0003 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 4.32%
Our recommended stop-loss: $0.0003 (-6.20%) (This cryptocurrency has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 9 days ago.)
Trading Expectations (XDBUSD) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect DigitalBits / US Dollars to open at $0.0004, and during the day (based on 14 day Average True Range), to move between $0.0003 and $0.0004, which gives a possible trading interval of +/-$0.00003365 (+/-9.53%) up or down from last closing price. If DigitalBits / US Dollars takes out the full calculated possible swing range there will be an estimated 19.06% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0003 (2.83%) than the resistance at $0.0004 (8.22%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is DigitalBits / US Dollars cryptocurrency A Buy?
DigitalBits / US Dollars 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. 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 DigitalBits / US Dollars of Wednesday, June 26, 2024
Fair opening price June 26, 2024 | Current price |
---|---|
$0.0004 ( 0%) | $0.0004 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for XDBUSD
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.0004 | - |
R2 | 0.0004 | - |
R1 | 0.0004 | - |
Price | 0.0004 | |
S1 | 0.0004 | - |
S2 | 0.0004 | - |
S3 | 0.0004 | - |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.0004 | 15.86% |
R2 | 0.0004 | 14.16% |
R1 | 0.0004 | 8.22% |
Price | 0.0004 | |
S1 | 0.0003 | -2.83% |
S2 | 0 | - |
S3 | 0 | - |
FAQ
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