Ormeus Ecosystem USD Cryptocurrency Forecast
Ormeus Ecosystem USD cryptocurrency upgraded to Sell Candidate.
(Updated on May 16, 2024)
No changes to the price of Ormeus Ecosystem USD cryptocurrency on the last trading day (Thursday, 16th May 2024). During the last trading day the cryptocurrency fluctuated 0% from a day low at $0.000027 to a day high of $0.000027. The price has risen in 5 of the last 10 days but is still down by -34.15% for this period.
The cryptocurrency has broken the very wide and strong rising short-term trend down. This signalizes a slower rate of rising, but may also be an early warning about a possible trend shift. Due to the trend being broken there will now be resistance at the bottom line of the trend at $0.00002946. A reaction back to this level may hold a second chance to get out before further falls.
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ECOUSD Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, May 15, 2024, and so far it has fallen 0%. 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 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 $0.0002. 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 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.
Support, Risk & Stop-loss for Ormeus Ecosystem USD cryptocurrency
On the downside, the cryptocurrency finds support just below today's level from accumulated volume at $0.000025 and $0.000022. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $0.000022 may give a huge drop in the cryptocurrency price.
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 212.25%
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 Friday 17th
For the upcoming trading day on Friday, 17th we expect Ormeus Ecosystem USD to open at $0.000027, and during the day (based on 14 day Average True Range), to move between -$0.0003 and $0.0003, which gives a possible trading interval of +/-$0.0003 (+/-1 096.99%) up or down from last closing price. If Ormeus Ecosystem USD takes out the full calculated possible swing range there will be an estimated 2 193.97% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.000028 (3.70%) than the support at $0.000025 (7.41%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
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: -4.906 Sell Candidate Upgraded
Predicted Opening Price for Ormeus Ecosystem USD of Friday, May 17, 2024
Fair opening price May 17, 2024 | Current price |
---|---|
$0.000027 ( 0.00000000%) | $0.000027 |
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 | |||
---|---|---|---|---|
Resistance | R3 | 0.000027 | 0.00000000 % | |
R2 | 0.000027 | 0.00000000 % | ||
R1 | 0.000027 | 0.00000000 % | ||
Current price: | 0.000027 | |||
Support | S1 | 0.000027 | 0.00000000 % | |
S2 | 0.000027 | 0.00000000 % | ||
S3 | 0.000027 | 0.00000000 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.000033 | 22.22 % | |
R2 | 0.00003 | 11.11 % | ||
R1 | 0.000028 | 3.70 % | ||
Current price | 0.000027 | |||
Support | S1 | 0.000025 | -7.41% | |
S2 | 0.000022 | -18.52% | ||
S3 | 0 | . |
FAQ
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