Einsteinium USD Cryptocurrency Forecast
Strong day for Einsteinium USD cryptocurrency price on Thursday rising 104.12% to $0.0014
(Updated on May 30, 2024)
The Einsteinium USD cryptocurrency price gained 104.12% on the last trading day (Thursday, 30th May 2024), rising from $0.0007 to $0.0014. During the last trading day the cryptocurrency fluctuated 2.99% from a day low at $0.0013 to a day high of $0.0014. The price has fallen in 5 of the last 10 days and is down by -4.61% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 47 more shares were traded than the day before. In total, 50 shares were bought and sold for approximately $0.0678 .
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. Due to the high volatility and the trend direction we are not able to give forecast range for this stock. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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EMC2USD Signals & Forecast
Mostly positive signals in the chart today. The Einsteinium USD cryptocurrency holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $0.0011 and $0.0011. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, May 29, 2024, and so far it has risen 104.12%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Einsteinium USD has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued.
A sell signal from a double top formation was found on Monday, March 25, 2024 with a target of $0.0021. Despite whether the objective of the signal formation has been reached the cryptocurrency may continue to fall.
Support, Risk & Stop-loss for Einsteinium USD cryptocurrency
Einsteinium USD finds support from accumulated volume at $0.0013 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 $0.0000393 between high and low, or 2.99%. For the last week, the cryptocurrency has had daily average volatility of 1.12%.
Our recommended stop-loss: $0.0013 (-3.90%) (This cryptocurrency has very high daily movements and this gives very high risk. There is a buy signal from a pivot bottom found 2 days ago.)
Trading Expectations (EMC2USD) For The Upcoming Trading Day Of Friday 31st
For the upcoming trading day on Friday, 31st we expect Einsteinium USD to open at $0.0013, and during the day (based on 14 day Average True Range), to move between $0.0009 and $0.0018, which gives a possible trading interval of +/-$0.0004 (+/-33.09%) up or down from last closing price. If Einsteinium USD takes out the full calculated possible swing range there will be an estimated 66.19% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0013 (0.95%) than the resistance at $0.0014 (3.12%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Einsteinium USD cryptocurrency A Buy?
Several short-term signals are positive, despite the cryptocurrency being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for cryptocurrency to perform well in the short-term. We have upgraded our analysis conclusion for this cryptocurrency since the last evaluation from a Strong Sell to a Buy candidate.
Current score: 3.612 Buy Candidate Upgraded
Predicted Opening Price for Einsteinium USD of Friday, May 31, 2024
| Fair opening price May 31, 2024 | Current price |
|---|---|
| $0.0013 ( 0.97%) | $0.0014 |
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 | 0.0014 | 1.93 % | |
| R2 | 0.0014 | 0.83 % | ||
| R1 | 0.0014 | 0.141 % | ||
| Current price: | 0.0014 | |||
| Support | S1 | 0.0013 | -2.07 % | |
| S2 | 0.0013 | -2.76 % | ||
| S3 | 0.0013 | -3.87 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0014 | 4.83 % | |
| R2 | 0.0014 | 3.59 % | ||
| R1 | 0.0014 | 3.12 % | ||
| Current price | 0.0014 | |||
| Support | S1 | 0.0013 | -0.95% | |
| S2 | 0.0013 | -4.23% | ||
| S3 | 0.0013 | -6.99% |
FAQ
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