Einsteinium USD Cryptocurrency Forecast
On Wednesday, Einsteinium USD cryptocurrency price gained an impressive 46.79%
(Updated on May 08, 2024)
The Einsteinium USD cryptocurrency price gained 46.79% on the last trading day (Wednesday, 8th May 2024), rising from $0.0013 to $0.0019. During the last trading day the cryptocurrency fluctuated 1.69% from a day low at $0.0019 to a day high of $0.0019. The price has risen in 4 of the last 10 days and is up by 191.31% over the past 2 weeks. Volume fell on the last day by -350 shares and in total, 2 shares were bought and sold for approximately $0.0037 . You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
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 -14.90% during the next 3 months and, with a 90% probability hold a price between $0.0004 and $0.0022 at the end of this 3-month period.
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EMC2USD Signals & Forecast
A sell signal was issued from a pivot top point on Monday, March 25, 2024, and so far it has fallen -33.81%. 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 fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued. Some positive signals were issued as well, and these may have some influence on the near short-term development. The Einsteinium USD cryptocurrency holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the cryptocurrency has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $0.0011 and $0.0012. A breakdown below any of these levels will issue sell signals.
Support, Risk & Stop-loss for Einsteinium USD cryptocurrency
On the downside, the cryptocurrency finds support just below today's level from accumulated volume at $0.0014 and $0.0014. There is a natural risk involved when a cryptocurrency is testing a support level, since if this is broken, the cryptocurrency then may fall to the next support level. In this case, Einsteinium USD finds support just below today's level at $0.0014. If this is broken, then the next support from accumulated volume will be at $0.0014 and $0.0014.
This cryptocurrency may move very much during the day (volatility) and with periodic low trading volume this cryptocurrency is considered to be "very high risk". During the last day, the cryptocurrency moved $0.0000312 between high and low, or 1.69%. For the last week the cryptocurrency has had daily average volatility of 0.763%.
Our recommended stop-loss: $0.0018 (-5.38%) (This cryptocurrency has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 44 days ago.)
Trading Expectations (EMC2USD) For The Upcoming Trading Day Of Thursday 9th
For the upcoming trading day on Thursday, 9th we expect Einsteinium USD to open at $0.0019, and during the day (based on 14 day Average True Range), to move between $0.0016 and $0.0021, which gives a possible trading interval of +/-$0.0003 (+/-15.47%) up or down from last closing price. If Einsteinium USD takes out the full calculated possible swing range there will be an estimated 30.95% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0020 (5.47%) than the support at $0.0014 (23.55%), 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 Einsteinium USD cryptocurrency A Buy?
The cryptocurrency is within a very wide and falling trend and holds several negative signals that may affect the cryptocurrency in the short-term. However, we believe that today's you should hold a possible buying opportunity and expect the price to be higher at the end of the 3-month period. The careful investor would await further signals. We have upgraded our analysis conclusion for this cryptocurrency since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 2.835 Buy Candidate Upgraded
Predicted Opening Price for Einsteinium USD of Thursday, May 9, 2024
| Fair opening price May 9, 2024 | Current price |
|---|---|
| $0.0019 ( 0.562%) | $0.0019 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EMC2USD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0019 | 2.25 % | |
| R2 | 0.0019 | 1.60 % | ||
| R1 | 0.0019 | 1.21 % | ||
| Current price: | 0.0019 | |||
| Support | S1 | 0.0018 | -0.0821 % | |
| S2 | 0.0018 | -0.480 % | ||
| S3 | 0.0018 | -1.12 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0023 | 24.93 % | |
| R2 | 0.0021 | 12.63 % | ||
| R1 | 0.0020 | 5.47 % | ||
| Current price | 0.0019 | |||
| Support | S1 | 0.0014 | -23.55% | |
| S2 | 0.0014 | -24.13% | ||
| S3 | 0.0014 | -24.47% |
FAQ
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