DigitalCash / Dollar Cryptocurrency Forecast

Is DigitalCash / Dollar cryptocurrency still a buy after falling -5.82% on Tuesday?
(Updated on Apr 16, 2024)

DASHUSD Signals & Forecast

There are few to no technical positive signals at the moment. The DigitalCash / Dollar 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 $32.08 and $36.54. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, March 12, 2024, and so far it has fallen -35.94%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the cryptocurrency should be followed more closely.

Support, Risk & Stop-loss for DigitalCash / Dollar cryptocurrency

DigitalCash / Dollar finds support from accumulated volume at $27.57 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 much during the day (volatility) and with a large prediction interval from the Bollinger Band this cryptocurrency is considered to be "high risk". During the last day, the cryptocurrency moved $2.02 between high and low, or 7.54%. For the last week, the cryptocurrency has had daily average volatility of 19.25%.

DigitalCash / Dollar is oversold on RSI14 (22). Some cryptocurrencies may drop long and hard while being oversold on RSI before turning, which increases the general risk.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (DASHUSD) For The Upcoming Trading Day Of Wednesday 17th

For the upcoming trading day on Wednesday, 17th we expect DigitalCash / Dollar to open at $27.81, and during the day (based on 14 day Average True Range), to move between $24.07 and $31.55, which gives a possible trading interval of +/-$3.74 (+/-13.43%) up or down from last closing price. If DigitalCash / Dollar takes out the full calculated possible swing range there will be an estimated 26.87% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $27.57 (0.86%) than the resistance at $28.10 (1.04%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is DigitalCash / Dollar cryptocurrency A Buy?

The DigitalCash / Dollar cryptocurrency holds several negative signals and despite the positive trend, we believe DigitalCash / Dollar will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this cryptocurrency. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this cryptocurrency since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -1.750 Sell Candidate Downgraded

Predicted Opening Price for DigitalCash / Dollar of Wednesday, April 17, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.