Everex 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
Red day on Sunday for Everex USD cryptocurrency after losing 1.25%
(Updated on May 19, 2024)
The Everex USD cryptocurrency price fell by -1.25% on the last day (Sunday, 19th May 2024) from $0.0107 to $0.0106. During the last trading day the cryptocurrency fluctuated 2.45% from a day low at $0.0106 to a day high of $0.0108. The price has been going up and down for this period, and there has been a -0.57% 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 -2 thousand shares and in total, 16 thousand shares were bought and sold for approximately $164.72 .
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 -34.85% during the next 3 months and, with a 90% probability hold a price between $0.0033 and $0.0099 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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EVXUSD Signals & Forecast
The Everex 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 $0.0104 and $0.0098. 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 Sunday, April 21, 2024, and so far it has fallen -9.97%. 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
On the downside, the cryptocurrency finds support just below today's level from accumulated volume at $0.0097 and $0.0092. 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, Everex USD finds support just below today's level at $0.0097. If this is broken, then the next support from accumulated volume will be at $0.0092 and $0.0090.
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 $0.0003 between high and low, or 2.45%. For the last week the cryptocurrency has had daily average volatility of 3.01%.
Our recommended stop-loss: $0.0100 (-5.74%) (This cryptocurrency has high daily movements and this gives high risk. There is a sell signal from a pivot top found 28 days ago.)
Trading Expectations (EVXUSD) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Everex USD to open at $0.0107, and during the day (based on 14 day Average True Range), to move between $0.0090 and $0.0121, which gives a possible trading interval of +/-$0.0016 (+/-14.86%) up or down from last closing price. If Everex USD takes out the full calculated possible swing range there will be an estimated 29.73% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0107 (1.27%) than the support at $0.0097 (7.74%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Everex USD cryptocurrency A Buy?
Everex 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: -0.221 Hold/Accumulate Unchanged
Predicted Opening Price for Everex USD of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| $0.0107 ( 0.82%) | $0.0106 |
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 | 0.0109 | 3.27 % | |
| R2 | 0.0108 | 2.33 % | ||
| R1 | 0.0108 | 1.75 % | ||
| Current price: | 0.0106 | |||
| Support | S1 | 0.0106 | -0.119 % | |
| S2 | 0.0105 | -0.698 % | ||
| S3 | 0.0104 | -1.63 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0119 | 12.46 % | |
| R2 | 0.0108 | 1.76 % | ||
| R1 | 0.0107 | 1.27 % | ||
| Current price | 0.0106 | |||
| Support | S1 | 0.0097 | -7.74% | |
| S2 | 0.0092 | -13.27% | ||
| S3 | 0.0090 | -14.94% |
FAQ
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