Edge USD Cryptocurrency Forecast
Edge USD cryptocurrency price fell more than -39.21% Tuesday closing at $0.0791
(Updated on May 14, 2024)
The Edge USD cryptocurrency price fell by -39.21% on the last day (Tuesday, 14th May 2024) from $0.130 to $0.0791. During the last trading day the cryptocurrency fluctuated 3.07% from a day low at $0.0767 to a day high of $0.0791. The price has fallen in 6 of the last 10 days and is down by -47.18% for this period. Volume has increased on the last day by 32 thousand 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, 40 thousand shares were bought and sold for approximately $3.16 thousand.
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 -42.15% during the next 3 months and, with a 90% probability hold a price between $0.0243 and $0.106 at the end of this 3-month period.
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EDGEUSD Signals & Forecast
There are few to no technical positive signals at the moment. The Edge 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 $0.125 and $0.143. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, April 30, 2024, and so far it has fallen -49.47%. 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). Edge 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 Edge USD cryptocurrency
There is no support from accumulated volume below today's level and given the right condition the cryptocurrency may perform very badly in the next couple of days.
This cryptocurrency has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the cryptocurrency moved $0.0024 between high and low, or 3.07%. For the last week, the cryptocurrency has had daily average volatility of 8.09%.
Edge USD is oversold on RSI14 (19). 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 (EDGEUSD) For The Upcoming Trading Day Of Wednesday 15th
For the upcoming trading day on Wednesday, 15th we expect Edge USD to open at $0.0783, and during the day (based on 14 day Average True Range), to move between $0.0669 and $0.0913, which gives a possible trading interval of +/-$0.0122 (+/-15.43%) up or down from last closing price. If Edge USD takes out the full calculated possible swing range there will be an estimated 30.85% move between the lowest and the highest trading price during the day.
Is Edge USD cryptocurrency A Buy?
Edge 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: -5.778 Strong Sell Candidate Unchanged
Predicted Opening Price for Edge USD of Wednesday, May 15, 2024
Fair opening price May 15, 2024 | Current price |
---|---|
$0.0783 ( 0.99%) | $0.0791 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EDGEUSD
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.0807 | 1.99 % | |
R2 | 0.0798 | 0.85 % | ||
R1 | 0.0792 | 0.145 % | ||
Current price: | 0.0791 | |||
Support | S1 | 0.0774 | -2.13 % | |
S2 | 0.0768 | -2.83 % | ||
S3 | 0.0759 | -3.97 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 0 | . | ||
Current price | 0.0791 | |||
Support | S1 | 0 | . | |
S2 | 0 | . | ||
S3 | 0 | . |
FAQ
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