eosDAC USD Cryptocurrency Forecast

Green day on Friday for eosDAC USD cryptocurrency after gaining 2.35%
(Updated on May 31, 2024)

EOSDACUSD Signals & Forecast

There are few to no technical positive signals at the moment. The eosDAC 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 $0.0005. On a fall, the cryptocurrency will find some support from the short-term average at $0.0005. 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. A sell signal was issued from a pivot top point on Wednesday, May 08, 2024, and so far it has fallen -67.78%. 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.

Support, Risk & Stop-loss for eosDAC USD cryptocurrency

On the downside, the cryptocurrency finds support just below today's level from accumulated volume at $0.0005 and $0.0004. 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, eosDAC USD finds support just below today's level at $0.0005. If this is broken, then the next support from accumulated volume will be at $0.0004 and $0.0004.

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 $0.000046 between high and low, or 9.00%. For the last week the cryptocurrency has had daily average volatility of 9.47%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (EOSDACUSD) For The Upcoming Trading Day Of Saturday 1st

For the upcoming trading day on Saturday, 1st we expect eosDAC USD to open at $0.0005, and during the day (based on 14 day Average True Range), to move between $0.0004 and $0.0006, which gives a possible trading interval of +/-$0.00009116 (+/-17.46%) up or down from last closing price. If eosDAC USD takes out the full calculated possible swing range there will be an estimated 34.93% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.0005 (11.69%) than the resistance at $0.0006 (16.48%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is eosDAC USD cryptocurrency A Buy?

The eosDAC USD cryptocurrency holds several negative signals and despite the positive trend, we believe eosDAC USD will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this cryptocurrency.

Current score: -3.102 Sell Candidate Unchanged

Predicted Opening Price for eosDAC USD of Saturday, June 1, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.