Equalizer DEX USD Cryptocurrency Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Volatile ride for Equalizer DEX USD cryptocurrency price on Monday moving between $13.57 and $16.94
(Updated on May 20, 2024)
The Equalizer DEX USD cryptocurrency price gained 16.42% on the last trading day (Monday, 20th May 2024), rising from $14.06 to $16.37. During the last trading day the cryptocurrency fluctuated 24.84% from a day low at $13.57 to a day high of $16.94. The price has risen in 5 of the last 10 days and is up by 60.67% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 292 thousand more shares were traded than the day before. In total, 414 thousand shares were bought and sold for approximately $6.77 million.
The cryptocurrency lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the cryptocurrency is expected to rise 42.82% during the next 3 months and, with a 90% probability hold a price between $13.25 and $34.06 at the end of this 3-month period.
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EQUALUSD Signals & Forecast
The Equalizer DEX USD cryptocurrency holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $12.70 and $12.57. 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). 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. A sell signal was issued from a pivot top point on Tuesday, April 09, 2024, and so far it has fallen -20.37%. Further fall is indicated until a new bottom pivot has been found.
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 $15.45 and $15.37. 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 $15.45. If this is broken, then the next support from accumulated volume will be at $15.37 and $13.07.
This cryptocurrency may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this cryptocurrency is considered to be "very high risk". During the last day, the cryptocurrency moved $3.37 between high and low, or 24.84%. For the last week, the cryptocurrency has had daily average volatility of 13.70%.
Our recommended stop-loss: $15.46 (-5.52%) (This cryptocurrency has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 48 days ago.)
Trading Expectations (EQUALUSD) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect Equalizer DEX USD to open at $15.62, and during the day (based on 14 day Average True Range), to move between $14.74 and $17.99, which gives a possible trading interval of +/-$1.63 (+/-9.94%) up or down from last closing price. If Equalizer DEX USD takes out the full calculated possible swing range there will be an estimated 19.89% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $16.50 (0.80%) than the support at $15.45 (5.59%), 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?
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 Equalizer DEX USD 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: 2.475 Buy Candidate Upgraded
Predicted Opening Price for Equalizer DEX USD of Tuesday, May 21, 2024
| Fair opening price May 21, 2024 | Current price |
|---|---|
| $15.62 ( 4.54%) | $16.37 |
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 | 18.99 | 16.06 % | |
| R2 | 17.71 | 8.19 % | ||
| R1 | 16.91 | 3.33 % | ||
| Current price: | 16.37 | |||
| Support | S1 | 14.34 | -12.40 % | |
| S2 | 13.54 | -17.26 % | ||
| S3 | 12.25 | -25.13 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 19.95 | 21.92 % | |
| R2 | 18.11 | 10.64 % | ||
| R1 | 16.50 | 0.80 % | ||
| Current price | 16.37 | |||
| Support | S1 | 15.45 | -5.59% | |
| S2 | 15.37 | -6.09% | ||
| S3 | 13.07 | -20.12% |
FAQ
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