EquityPay USD Cryptocurrency Forecast

Volatile ride for EquityPay USD cryptocurrency price on Monday moving between $0.0541 and $0.0597
(Updated on May 20, 2024)

EQPAYUSD Signals & Forecast

The EquityPay USD cryptocurrency holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the cryptocurrency has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $0.0547 and $0.0564. 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). 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 Wednesday, April 24, 2024, and so far it has fallen -24.69%. Further fall is indicated until a new bottom pivot has been found. 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 EquityPay USD cryptocurrency

On the downside, the cryptocurrency finds support just below today's level from accumulated volume at $0.0534 and $0.0501. 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, EquityPay USD finds support just below today's level at $0.0534. If this is broken, then the next support from accumulated volume will be at $0.0501 and $0.0456.

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 $0.0057 between high and low, or 10.52%. For the last week the cryptocurrency has had daily average volatility of 15.47%.

Our recommended stop-loss: $0.0564 (-5.46%) (This cryptocurrency has high daily movements and this gives high risk. There is a sell signal from a pivot top found 77 days ago.)

Trading Expectations (EQPAYUSD) For The Upcoming Trading Day Of Tuesday 21st

For the upcoming trading day on Tuesday, 21st we expect EquityPay USD to open at $0.0578, and during the day (based on 14 day Average True Range), to move between $0.0506 and $0.0686, which gives a possible trading interval of +/-$0.0090 (+/-15.08%) up or down from last closing price. If EquityPay USD takes out the full calculated possible swing range there will be an estimated 30.16% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.0598 (0.25%) than the support at $0.0534 (10.35%), 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 EquityPay USD cryptocurrency A Buy?

EquityPay USD holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this cryptocurrency since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: 0.009 Hold/Accumulate Downgraded

Predicted Opening Price for EquityPay USD of Tuesday, May 21, 2024

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