Everex USD Cryptocurrency Forecast
High volatility in Everex USD cryptocurrency price on Tuesday which ended trading at $0.0088
(Updated on May 07, 2024)
The Everex USD cryptocurrency price fell by -0.709% on the last day (Tuesday, 7th May 2024) from $0.0089 to $0.0088. During the last trading day the cryptocurrency fluctuated 31.11% from a day low at $0.0088 to a day high of $0.0115. The price has been going up and down for this period, and there has been a -6.86% loss for the last 2 weeks. Volume fell on the last day along with the cryptocurrency, which is actually a good sign as volume should follow the cryptocurrency. On the last day, the trading volume fell by -1 thousand shares and in total, 8 thousand shares were bought and sold for approximately $74.09 .
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 -23.67% during the next 3 months and, with a 90% probability hold a price between $0.0033 and $0.0136 at the end of this 3-month period.
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EVXUSD Signals & Forecast
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. The Everex 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 $0.0097 and $0.0100. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, March 13, 2024, and so far it has fallen -58.54%. Further fall is indicated until a new bottom pivot has been found. 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 Everex USD cryptocurrency
Everex USD finds support from accumulated volume at $0.0088 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 periodic low trading volume this cryptocurrency is considered to be "high risk". During the last day, the cryptocurrency moved $0.0027 between high and low, or 31.11%. For the last week the cryptocurrency has had daily average volatility of 26.06%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (EVXUSD) For The Upcoming Trading Day Of Wednesday 8th
For the upcoming trading day on Wednesday, 8th we expect Everex USD to open at $0.0097, and during the day (based on 14 day Average True Range), to move between $0.0060 and $0.0117, which gives a possible trading interval of +/-$0.0028 (+/-32.19%) up or down from last closing price. If Everex USD takes out the full calculated possible swing range there will be an estimated 64.38% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0088 (0.15%) than the resistance at $0.0090 (1.85%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Everex USD cryptocurrency A Buy?
Everex USD holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this cryptocurrency.
Current score: -5.018 Strong Sell Candidate Unchanged
Predicted Opening Price for Everex USD of Wednesday, May 8, 2024
| Fair opening price May 8, 2024 | Current price |
|---|---|
| $0.0097 ( 10.17%) | $0.0088 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EVXUSD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0125 | 41.20 % | |
| R2 | 0.0114 | 29.35 % | ||
| R1 | 0.0108 | 22.02 % | ||
| Current price: | 0.0088 | |||
| Support | S1 | 0.0087 | -1.68 % | |
| S2 | 0.0080 | -9.01 % | ||
| S3 | 0.0070 | -20.86 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0108 | 21.85 % | |
| R2 | 0.0092 | 3.85 % | ||
| R1 | 0.0090 | 1.85 % | ||
| Current price | 0.0088 | |||
| Support | S1 | 0.0088 | -0.147% | |
| S2 | 0.0083 | -5.98% | ||
| S3 | 0.0083 | -6.28% |
FAQ
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