EOS Force USD Cryptocurrency Forecast
EOS Force USD cryptocurrency upgraded from Hold/Accumulate to Buy Candidate after Wednesday trading session.
(Updated on May 22, 2024)
The EOS Force USD cryptocurrency price gained 3.66% on the last trading day (Wednesday, 22nd May 2024), rising from $0.0018 to $0.0018. During the last trading day the cryptocurrency fluctuated 5.61% from a day low at $0.0018 to a day high of $0.0019. The price has risen in 6 of the last 10 days and is up by 5.15% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 10 thousand more shares were traded than the day before. In total, 209 thousand shares were bought and sold for approximately $383.60 .
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 -35.67% during the next 3 months and, with a 90% probability hold a price between $0.0005 and $0.0017 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
The EOS Force 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 $0.0018 and $0.0018. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). EOS Force 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Monday, March 11, 2024, and so far it has fallen -50.84%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for EOS Force USD cryptocurrency
EOS Force USD finds support from accumulated volume at $0.0018 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 $0.000099 between high and low, or 5.61%. For the last week, the cryptocurrency has had daily average volatility of 3.26%.
Our recommended stop-loss: $0.0017 (-5.68%) (This cryptocurrency has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 127 days ago.)
Trading Expectations (EOSCUSD) For The Upcoming Trading Day Of Thursday 23rd
For the upcoming trading day on Thursday, 23rd we expect EOS Force USD to open at $0.0018, and during the day (based on 14 day Average True Range), to move between $0.0018 and $0.0019, which gives a possible trading interval of +/-$0.00008832 (+/-4.80%) up or down from last closing price. If EOS Force USD takes out the full calculated possible swing range there will be an estimated 9.60% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0018 (1.31%) than the resistance at $0.0019 (2.61%), 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?
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 Hold/Accumulate to a Buy candidate.
Current score: 2.378 Buy Candidate Upgraded
Predicted Opening Price for EOS Force USD of Thursday, May 23, 2024
| Fair opening price May 23, 2024 | Current price |
|---|---|
| $0.0018 ( 0.89%) | $0.0018 |
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 | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0019 | 4.50 % | |
| R2 | 0.0019 | 2.44 % | ||
| R1 | 0.0019 | 1.17 % | ||
| Current price: | 0.0018 | |||
| Support | S1 | 0.0018 | -2.94 % | |
| S2 | 0.0018 | -4.22 % | ||
| S3 | 0.0017 | -6.27 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0022 | 18.87 % | |
| R2 | 0.0021 | 11.91 % | ||
| R1 | 0.0019 | 2.61 % | ||
| Current price | 0.0018 | |||
| Support | S1 | 0.0018 | -1.31% | |
| S2 | 0.0018 | -2.34% | ||
| S3 | 0.0018 | -2.88% |
FAQ
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