EOS Cryptocurrency Forecast
A very strong day for EOS cryptocurrency price on Thursday
(Updated on May 02, 2024)
The EOS cryptocurrency price gained 7.92% on the last trading day (Thursday, 2nd May 2024), rising from $0.759 to $0.82. During the last trading day the cryptocurrency fluctuated 9.13% from a day low at $0.760 to a day high of $0.83. The price has fallen in 7 of the last 10 days and is down by -3.81% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 119 million more shares were traded than the day before. In total, 136 million shares were bought and sold for approximately $111.22 million.
The cryptocurrency lies in the lower part of a very wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.758 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the cryptocurrency is expected to rise 8.56% during the next 3 months and, with a 90% probability hold a price between $0.82 and $1.41 at the end of this 3-month period.
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EOSUSD Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, April 15, 2024, and so far it has risen 10.92%. 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). Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The EOS 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 $0.90. On a fall, the cryptocurrency will find some support from the short-term average at $0.81. 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.
Support, Risk & Stop-loss for EOS cryptocurrency
EOS finds support from accumulated volume at $0.80 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 $0.0694 between high and low, or 9.13%. For the last week, the cryptocurrency has had daily average volatility of 7.89%.
Our recommended stop-loss: $0.777 (-5.12%) (This cryptocurrency has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 17 days ago.)
Trading Expectations (EOSUSD) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect EOS to open at $0.80, and during the day (based on 14 day Average True Range), to move between $0.742 and $0.90, which gives a possible trading interval of +/-$0.0771 (+/-9.41%) up or down from last closing price. If EOS takes out the full calculated possible swing range there will be an estimated 18.82% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.80 (2.31%) than the resistance at $0.94 (14.39%), 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 cryptocurrency A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for EOS cryptocurrency to perform well in the short-term. We have upgraded our analysis conclusion for this cryptocurrency since the last evaluation from a Sell to a Buy candidate.
Current score: 1.501 Buy Candidate Upgraded
Predicted Opening Price for EOS of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| $0.80 ( 1.97%) | $0.82 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EOSUSD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.87 | 6.50 % | |
| R2 | 0.85 | 3.26 % | ||
| R1 | 0.83 | 1.26 % | ||
| Current price: | 0.82 | |||
| Support | S1 | 0.776 | -5.21 % | |
| S2 | 0.760 | -7.21 % | ||
| S3 | 0.733 | -10.44 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.02 | 24.28 % | |
| R2 | 0.94 | 15.32 % | ||
| R1 | 0.94 | 14.39 % | ||
| Current price | 0.82 | |||
| Support | S1 | 0.80 | -2.31% | |
| S2 | 0.758 | -7.44% | ||
| S3 | 0.739 | -9.82% |
FAQ
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