Espresso Bot USD Cryptocurrency Forecast
Espresso Bot USD cryptocurrency downgraded from Hold/Accumulate to Strong Sell Candidate after Saturday trading session.
(Updated on May 18, 2024)
The Espresso Bot USD cryptocurrency price gained 4.88% on the last trading day (Saturday, 18th May 2024), rising from $0.0002 to $0.0002. During the last trading day the cryptocurrency fluctuated 4.88% from a day low at $0.0002 to a day high of $0.0002. The price has fallen in 5 of the last 10 days and is down by -19.63% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 141 more shares were traded than the day before. In total, 152 shares were bought and sold for approximately $0.0261 .
The cryptocurrency lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.0002 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the cryptocurrency is expected to fall -44.02% during the next 3 months and, with a 90% probability hold a price between $0.00009010 and $0.0002 at the end of this 3-month period.
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ESPRUSD Signals & Forecast
There are mixed signals in the cryptocurrency today. The Espresso Bot 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 $0.0002 and $0.0002. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Friday, May 17, 2024, and so far it has risen 4.88%. 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). Espresso Bot USD has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Espresso Bot USD cryptocurrency
Espresso Bot USD finds support from accumulated volume at $0.0002 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 $0.000008 between high and low, or 4.88%. For the last week, the cryptocurrency has had daily average volatility of 3.62%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ESPRUSD) For The Upcoming Trading Day Of Sunday 19th
For the upcoming trading day on Sunday, 19th we expect Espresso Bot USD to open at $0.0002, and during the day (based on 14 day Average True Range), to move between $0.0002 and $0.0002, which gives a possible trading interval of +/-$0.00000988 (+/-5.74%) up or down from last closing price. If Espresso Bot USD takes out the full calculated possible swing range there will be an estimated 11.49% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0002 (1.16%) than the resistance at $0.0002 (5.81%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Espresso Bot USD cryptocurrency A Buy?
Espresso Bot USD holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this cryptocurrency. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this cryptocurrency since the last evaluation from a Hold/Accumulate to a Strong Sell candidate.
Current score: -5.024 Strong Sell Candidate Downgraded
Predicted Opening Price for Espresso Bot USD of Sunday, May 19, 2024
Fair opening price May 19, 2024 | Current price |
---|---|
$0.0002 ( 1.55%) | $0.0002 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ESPRUSD
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.0002 | 3.10 % | |
R2 | 0.0002 | 1.32 % | ||
R1 | 0.0002 | 0.226 % | ||
Current price: | 0.0002 | |||
Support | S1 | 0.0002 | -3.33 % | |
S2 | 0.0002 | -4.42 % | ||
S3 | 0.0002 | -6.20 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.0002 | 22.09 % | |
R2 | 0.0002 | 8.14 % | ||
R1 | 0.0002 | 5.81 % | ||
Current price | 0.0002 | |||
Support | S1 | 0.0002 | -1.16% | |
S2 | 0.0002 | -4.65% | ||
S3 | 0 | . |
FAQ
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