EvenCoin USD Cryptocurrency Forecast
Red day on Thursday for EvenCoin USD cryptocurrency after losing 0.147%
(Updated on Jun 20, 2024)
The EvenCoin USD cryptocurrency price fell by -0.147% on the last day (Thursday, 20th Jun 2024) from $0.0007 to $0.0007. During the last trading day the cryptocurrency fluctuated 3.27% from a day low at $0.0007 to a day high of $0.0007. The price has fallen in 6 of the last 10 days and is down by -5.04% for this period.
The cryptocurrency lies in the upper part of a very wide and strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $0.0008 will firstly indicate a stronger rate of rising. Given the current short-term trend, the cryptocurrency is expected to rise 24.61% during the next 3 months and, with a 90% probability hold a price between $0.0003 and $0.0010 at the end of this 3-month period.
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EVNUSD Signals & Forecast
There are few to no technical positive signals at the moment. The EvenCoin 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 $0.0007 and $0.0007. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, June 05, 2024, and so far it has fallen -8.87%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this cryptocurrency may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for EvenCoin USD cryptocurrency
On the downside, the cryptocurrency finds support just below today's level from accumulated volume at $0.0006 and $0.0006. 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, EvenCoin USD finds support just below today's level at $0.0006. If this is broken, then the next support from accumulated volume will be at $0.0006 and $0.0006.
This cryptocurrency has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the cryptocurrency moved $0.000022 between high and low, or 3.27%. For the last week the cryptocurrency has had daily average volatility of 2.80%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (EVNUSD) For The Upcoming Trading Day Of Friday 21st
For the upcoming trading day on Friday, 21st we expect EvenCoin USD to open at $0.0007, and during the day (based on 14 day Average True Range), to move between $0.0007 and $0.0007, which gives a possible trading interval of +/-$0.00002161 (+/-3.19%) up or down from last closing price. If EvenCoin USD takes out the full calculated possible swing range there will be an estimated 6.38% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0006 (5.75%) than the resistance at $0.0007 (6.05%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is EvenCoin USD cryptocurrency A Buy?
The EvenCoin USD cryptocurrency holds several negative signals and despite the positive trend, we believe EvenCoin USD will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this cryptocurrency.
Current score: -3.363 Sell Candidate Unchanged
Predicted Opening Price for EvenCoin USD of Friday, June 21, 2024
| Fair opening price June 21, 2024 | Current price |
|---|---|
| $0.0007 ( 0.492%) | $0.0007 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EVNUSD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0007 | 3.74% |
| R2 | 0.0007 | 2.50% |
| R1 | 0.0007 | 1.73% |
| Price | 0.0007 | |
| S1 | 0.0007 | -0.748% |
| S2 | 0.0007 | -1.51% |
| S3 | 0.0007 | -2.75% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0007 | 7.82% |
| R2 | 0.0007 | 6.78% |
| R1 | 0.0007 | 6.05% |
| Price | 0.0007 | |
| S1 | 0.0006 | -5.75% |
| S2 | 0.0006 | -6.49% |
| S3 | 0.0006 | -8.70% |
FAQ
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