EOS Force USD Cryptocurrency Forecast
High volatility in EOS Force USD cryptocurrency price on Tuesday which ended trading at $0.0013
(Updated on Jul 02, 2024)
The EOS Force USD cryptocurrency price gained 2.38% on the last trading day (Tuesday, 2nd Jul 2024), rising from $0.0013 to $0.0013. During the last trading day the cryptocurrency fluctuated 26.60% from a day low at $0.0013 to a day high of $0.0017. The price has been going up and down for this period, and there has been a 2.3% gain for the last 2 weeks. Volume fell on the last day by -126 thousand shares and in total, 69 thousand shares were bought and sold for approximately $92.80 . 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 -30.99% during the next 3 months and, with a 90% probability hold a price between $0.0007 and $0.0012 at the end of this 3-month period. 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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EOSCUSD Signals & Forecast
A buy signal was issued from a pivot bottom point on Sunday, June 30, 2024, and so far it has risen 19.49%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The EOS Force USD cryptocurrency holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the cryptocurrency giving a more negative forecast for the stock. On further gains, the cryptocurrency will meet resistance from the long-term Moving Average at $0.0015. On a fall, the cryptocurrency will find some support from the short-term average at $0.0012. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. 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.
Support, Risk & Stop-loss for EOS Force USD cryptocurrency
EOS Force 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 much during the day (volatility) and with periodic low trading volume this cryptocurrency is considered to be "high risk". During the last day, the cryptocurrency moved $0.0004 between high and low, or 26.60%. For the last week the cryptocurrency has had daily average volatility of 15.90%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (EOSCUSD) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect EOS Force USD to open at $0.0015, and during the day (based on 14 day Average True Range), to move between $0.0012 and $0.0015, which gives a possible trading interval of +/-$0.0001 (+/-9.31%) up or down from last closing price. If EOS Force USD takes out the full calculated possible swing range there will be an estimated 18.62% 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 (0.47%) than the resistance at $0.0014 (2.73%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is EOS Force USD cryptocurrency A Buy?
EOS Force USD holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this cryptocurrency.
Current score: -3.121 Sell Candidate Unchanged
Predicted Opening Price for EOS Force USD of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $0.0015 ( 8.52%) | $0.0013 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EOSCUSD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0018 | 34.99% |
| R2 | 0.0017 | 24.88% |
| R1 | 0.0016 | 18.63% |
| Price | 0.0013 | |
| S1 | 0.0013 | -1.60% |
| S2 | 0.0012 | -7.85% |
| S3 | 0.0011 | -17.96% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0016 | 16.42% |
| R2 | 0.0015 | 15.01% |
| R1 | 0.0014 | 2.73% |
| Price | 0.0013 | |
| S1 | 0.0013 | -0.466% |
| S2 | 0.0013 | -2.33% |
| S3 | 0.0012 | -8.43% |
FAQ
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