EOS Force USD Cryptocurrency Forecast
Red day on Monday for EOS Force USD
(Updated on Jun 10, 2024)
The EOS Force USD cryptocurrency price fell by -0.584% on the last day (Monday, 10th Jun 2024) from $0.0017 to $0.0017. During the last trading day the cryptocurrency fluctuated 3.91% from a day low at $0.0017 to a day high of $0.0018. The price has been going up and down for this period, and there has been a 1.25% gain for the last 2 weeks. Volume has increased on the last day by 1 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, 200 thousand shares were bought and sold for approximately $340.91 .
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 -39.89% during the next 3 months and, with a 90% probability hold a price between $0.0006 and $0.0011 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
There are few to no technical positive signals at the moment. The EOS Force 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 $0.0017 and $0.0018. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, May 24, 2024, and so far it has fallen -19.99%. 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). EOS Force 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 EOS Force USD cryptocurrency
EOS Force USD finds support from accumulated volume at $0.0017 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 a large prediction interval from the Bollinger Band this cryptocurrency is considered to be "high risk". During the last day, the cryptocurrency moved $0.000066 between high and low, or 3.91%. For the last week, the cryptocurrency has had daily average volatility of 4.31%.
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 Tuesday 11th
For the upcoming trading day on Tuesday, 11th we expect EOS Force USD to open at $0.0017, and during the day (based on 14 day Average True Range), to move between $0.0016 and $0.0018, which gives a possible trading interval of +/-$0.00009651 (+/-5.67%) up or down from last closing price. If EOS Force USD takes out the full calculated possible swing range there will be an estimated 11.35% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0017 (0.59%) than the support at $0.0017 (1.47%), 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 EOS Force USD cryptocurrency A Buy?
EOS Force 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: -2.430 Sell Candidate Unchanged
Predicted Opening Price for EOS Force USD of Tuesday, June 11, 2024
| Fair opening price June 11, 2024 | Current price |
|---|---|
| $0.0017 ( 0.784%) | $0.0017 |
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 | 4.66% |
| R2 | 0.0018 | 3.18% |
| R1 | 0.0017 | 2.27% |
| Price | 0.0017 | |
| S1 | 0.0017 | -0.698% |
| S2 | 0.0017 | -1.61% |
| S3 | 0.0016 | -3.10% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0021 | 20.99% |
| R2 | 0.0017 | 1.29% |
| R1 | 0.0017 | 0.588% |
| Price | 0.0017 | |
| S1 | 0.0017 | -1.47% |
| S2 | 0.0017 | -1.65% |
| S3 | 0.0016 | -3.94% |
FAQ
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