Equalizer DEX USD Cryptocurrency Forecast
Red day on Monday for Equalizer DEX USD
(Updated on Apr 29, 2024)
The Equalizer DEX USD cryptocurrency price fell by -4.96% on the last day (Monday, 29th Apr 2024) from $12.32 to $11.71. During the last trading day the cryptocurrency fluctuated 4.59% from a day low at $11.58 to a day high of $12.11. The price has fallen in 6 of the last 10 days and is down by -27.78% for this period. Volume fell on the last day along with the cryptocurrency, which is actually a good sign as volume should follow the cryptocurrency. On the last day, the trading volume fell by -41 thousand shares and in total, 106 thousand shares were bought and sold for approximately $1.24 million.
Given the current short-term trend, the cryptocurrency is expected to rise 192.22% during the next 3 months and, with a 90% probability hold a price between $34.20 and $70.61 at the end of this 3-month period.
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EQUALUSD Signals & Forecast
There are few to no technical positive signals at the moment. The Equalizer DEX 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 $13.00 and $14.50. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, April 09, 2024, and so far it has fallen -43.05%. 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 along with the price during the last trading day, which is technical positive. One should, however, note that this cryptocurrency may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for Equalizer DEX USD cryptocurrency
On the downside, the cryptocurrency finds support just below today's level from accumulated volume at $10.97 and $10.96. 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, Equalizer DEX USD finds support just below today's level at $10.97. If this is broken, then the next support from accumulated volume will be at $10.96 and $10.96.
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 $0.532 between high and low, or 4.59%. For the last week the cryptocurrency has had daily average volatility of 10.51%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (EQUALUSD) For The Upcoming Trading Day Of Tuesday 30th
For the upcoming trading day on Tuesday, 30th we expect Equalizer DEX USD to open at $11.80, and during the day (based on 14 day Average True Range), to move between $9.70 and $13.71, which gives a possible trading interval of +/-$2.00 (+/-17.10%) up or down from last closing price. If Equalizer DEX USD takes out the full calculated possible swing range there will be an estimated 34.19% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $12.34 (5.41%) than the support at $10.97 (6.27%), 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 Equalizer DEX USD cryptocurrency A Buy?
The Equalizer DEX USD cryptocurrency holds several negative signals and despite the positive trend, we believe Equalizer DEX USD will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this cryptocurrency.
Current score: -4.110 Sell Candidate Unchanged
Predicted Opening Price for Equalizer DEX USD of Tuesday, April 30, 2024
| Fair opening price April 30, 2024 | Current price |
|---|---|
| $11.80 ( 0.774%) | $11.71 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EQUALUSD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 12.33 | 5.32 % | |
| R2 | 12.12 | 3.58 % | ||
| R1 | 12.00 | 2.51 % | ||
| Current price: | 11.71 | |||
| Support | S1 | 11.59 | -0.96 % | |
| S2 | 11.47 | -2.03 % | ||
| S3 | 11.26 | -3.77 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 13.12 | 12.06 % | |
| R2 | 13.07 | 11.68 % | ||
| R1 | 12.34 | 5.41 % | ||
| Current price | 11.71 | |||
| Support | S1 | 10.97 | -6.27% | |
| S2 | 10.96 | -6.37% | ||
| S3 | 10.96 | -6.39% |
FAQ
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