Espresso Bot 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
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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