ETHforestAI USD Cryptocurrency Forecast

Stronger technical forecast for ETHforestAI USD cryptocurrency price after Thursday trading.
(Updated on May 16, 2024)

ETHFAIUSD Signals & Forecast

The ETHforestAI 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 $0.000002 and $0.00000199. 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, May 15, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for ETHforestAI USD cryptocurrency

On the downside, the cryptocurrency finds support just below today's level from accumulated volume at $0.00000180. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $ may give a huge drop in the cryptocurrency price.

In general the cryptocurrency tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the cryptocurrency During the last day, the cryptocurrency moved $0 between high and low, or 0%. For the last week the cryptocurrency has had daily average volatility of 0%

Our recommended stop-loss: $0.00000192 (-4.00%) (This cryptocurrency has low daily movements and this gives low risk. There is a sell signal from a pivot top found 1 day ago.)

Trading Expectations (ETHFAIUSD) For The Upcoming Trading Day Of Friday 17th

For the upcoming trading day on Friday, 17th we expect ETHforestAI USD to open at $0.000002, and during the day (based on 14 day Average True Range), to move between $0.00000197 and $0.00000203, which gives a possible trading interval of +/-$0.00000003 (+/-1.63%) up or down from last closing price. If ETHforestAI USD takes out the full calculated possible swing range there will be an estimated 3.26% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $0.00000180, some $0.00000020 (9.93%) from the current price of $0.000002, our system finds the risk reward attractive.

Is ETHforestAI 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 ETHforestAI 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: 2.160 Buy Candidate Upgraded

Predicted Opening Price for ETHforestAI USD of Friday, May 17, 2024

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