Stader ETHx USD Cryptocurrency Forecast
Red day on Sunday for Stader ETHx USD
(Updated on May 19, 2024)
The Stader ETHx USD cryptocurrency price fell by -1.36% on the last day (Sunday, 19th May 2024) from $3,191.99 to $3,148.47. During the last trading day the cryptocurrency fluctuated 1.96% from a day low at $3,144.65 to a day high of $3,206.23. The price has risen in 6 of the last 10 days and is up by 1.54% over the past 2 weeks. Volume has increased on the last day by 1 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 1 million shares were bought and sold for approximately $4.64 billion.
The cryptocurrency lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the cryptocurrency is expected to fall -11.83% during the next 3 months and, with a 90% probability hold a price between $2,594.97 and $3,261.24 at the end of this 3-month period.
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ETHXUSD Signals & Forecast
The Stader ETHx USD cryptocurrency holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the cryptocurrency has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $3,097.10 and $3,148.40. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, May 14, 2024, and so far it has risen 5.97%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume rose on falling prices yesterday. This may be an early warning and the cryptocurrency should be followed more closely.
Support, Risk & Stop-loss for Stader ETHx USD cryptocurrency
Stader ETHx USD finds support from accumulated volume at $3,031.74 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This cryptocurrency has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the cryptocurrency moved $61.58 between high and low, or 1.96%. For the last week, the cryptocurrency has had daily average volatility of 2.68%.
Our recommended stop-loss: $3,043.01 (-3.35%) (This cryptocurrency has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 5 days ago.)
Trading Expectations (ETHXUSD) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Stader ETHx USD to open at $3,166.45, and during the day (based on 14 day Average True Range), to move between $3,059.35 and $3,237.59, which gives a possible trading interval of +/-$89.12 (+/-2.83%) up or down from last closing price. If Stader ETHx USD takes out the full calculated possible swing range there will be an estimated 5.66% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $3,031.74 (3.71%) than the resistance at $3,331.86 (5.82%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Stader ETHx USD cryptocurrency A Buy?
Stader ETHx USD holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.600 Hold/Accumulate Unchanged
Predicted Opening Price for Stader ETHx USD of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| $3,166.45 ( 0.571%) | $3,148.47 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ETHXUSD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3,228.03 | 2.53 % | |
| R2 | 3,204.51 | 1.78 % | ||
| R1 | 3,189.97 | 1.32 % | ||
| Current price: | 3,148.47 | |||
| Support | S1 | 3,142.93 | -0.176 % | |
| S2 | 3,128.40 | -0.638 % | ||
| S3 | 3,104.87 | -1.38 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3,558.93 | 13.04 % | |
| R2 | 3,411.76 | 8.36 % | ||
| R1 | 3,331.86 | 5.82 % | ||
| Current price | 3,148.47 | |||
| Support | S1 | 3,031.74 | -3.71% | |
| S2 | 2,982.86 | -5.26% | ||
| S3 | 2,970.00 | -5.67% |
FAQ
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