Ormeus Ecosystem USD Cryptocurrency Forecast
Big movements in Ormeus Ecosystem USD cryptocurrency price on Tuesday moving 144.74% between high and low
(Updated on Jul 02, 2024)
The Ormeus Ecosystem USD cryptocurrency price fell by -39.57% on the last day (Tuesday, 2nd Jul 2024) from $0.0002 to $0.0001. During the last trading day the cryptocurrency fluctuated 144.74% from a day low at $0.000076 to a day high of $0.0002. The price has risen in 7 of the last 10 days but is still down by -44.06% for this period. Volume has increased on the last day by 76 shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 41 thousand shares were bought and sold for approximately $4.64 .
Given the current short-term trend, the cryptocurrency is expected to rise 23.14% during the next 3 months and, with a 90% probability hold a price between $0.0001 and $0.0016 at the end of this 3-month period.
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ECOUSD Signals & Forecast
There are few to no technical positive signals at the moment. The Ormeus Ecosystem 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 $0.0002 and $0.0003. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, June 17, 2024, and so far it has fallen -91.21%. 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). Ormeus Ecosystem USD gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Ormeus Ecosystem USD cryptocurrency
Ormeus Ecosystem USD finds support from accumulated volume at $0.0001 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 a very large prediction interval from the Bollinger Band this cryptocurrency is considered to be "very high risk". During the last day, the cryptocurrency moved $0.0001 between high and low, or 144.74%. For the last week, the cryptocurrency has had daily average volatility of 260.11%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ECOUSD) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Ormeus Ecosystem USD to open at $0.0001, and during the day (based on 14 day Average True Range), to move between -$0.0005 and $0.0008, which gives a possible trading interval of +/-$0.0006 (+/-573.15%) up or down from last closing price. If Ormeus Ecosystem USD takes out the full calculated possible swing range there will be an estimated 1 146.29% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0001 (3.54%) than the resistance at $0.0001 (5.31%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Ormeus Ecosystem USD cryptocurrency A Buy?
The Ormeus Ecosystem USD cryptocurrency holds several negative signals and despite the positive trend, we believe Ormeus Ecosystem USD will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this cryptocurrency. We have upgraded our analysis conclusion for this cryptocurrency since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -1.875 Sell Candidate Upgraded
Predicted Opening Price for Ormeus Ecosystem USD of Wednesday, July 3, 2024
Fair opening price July 3, 2024 | Current price |
---|---|
$0.0001 ( 10.62%) | $0.0001 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ECOUSD
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.0002 | 107.96% |
R2 | 0.0002 | 70.78% |
R1 | 0.0002 | 47.81% |
Price | 0.0001 | |
S1 | 0.00008298 | -26.57% |
S2 | 0.00005702 | -49.54% |
S3 | 0.000015 | -86.73% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.0001 | 8.85% |
R2 | 0.0001 | 7.96% |
R1 | 0.0001 | 5.31% |
Price | 0.0001 | |
S1 | 0.0001 | -3.54% |
S2 | 0.0001 | -4.42% |
S3 | 0.0001 | -7.08% |
FAQ
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