Etherparty USD Cryptocurrency Forecast
Green day on Saturday for Etherparty USD
(Updated on May 18, 2024)
The Etherparty USD cryptocurrency price gained 4.25% on the last trading day (Saturday, 18th May 2024), rising from $0.0002 to $0.0002. During the last trading day the cryptocurrency fluctuated 7.66% from a day low at $0.0002 to a day high of $0.0002. The price has fallen in 5 of the last 10 days but is still up by 7.28% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 5 thousand more shares were traded than the day before. In total, 19 thousand shares were bought and sold for approximately $4.09 .
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 -37.94% during the next 3 months and, with a 90% probability hold a price between $0.00008369 and $0.0002 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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FUELUSD Signals & Forecast
The Etherparty USD cryptocurrency holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the cryptocurrency giving a positive forecast for the stock. On further gains, the cryptocurrency will meet resistance from the short-term Moving Average at approximately $0.0002. On a fall, the cryptocurrency will find some support from the long-term average at approximately $0.0002. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Etherparty USD has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. 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, May 12, 2024, and so far it has fallen -30.50%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Etherparty USD cryptocurrency
Etherparty USD finds support from accumulated volume at $0.0002 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 very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this cryptocurrency is considered to be "very high risk". During the last day, the cryptocurrency moved $0.000016 between high and low, or 7.66%. For the last week, the cryptocurrency has had daily average volatility of 7.84%.
Our recommended stop-loss: $0.0002 (-5.98%) (This cryptocurrency has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 6 days ago.)
Trading Expectations (FUELUSD) For The Upcoming Trading Day Of Sunday 19th
For the upcoming trading day on Sunday, 19th we expect Etherparty USD to open at $0.0002, and during the day (based on 14 day Average True Range), to move between $0.0002 and $0.0003, which gives a possible trading interval of +/-$0.00003779 (+/-17.10%) up or down from last closing price. If Etherparty USD takes out the full calculated possible swing range there will be an estimated 34.20% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0002 (0.45%) than the support at $0.0002 (2.26%), 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 Etherparty USD cryptocurrency A Buy?
Etherparty 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: 0.392 Hold/Accumulate Unchanged
Predicted Opening Price for Etherparty USD of Sunday, May 19, 2024
| Fair opening price May 19, 2024 | Current price |
|---|---|
| $0.0002 ( 1.21%) | $0.0002 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FUELUSD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0002 | 6.03 % | |
| R2 | 0.0002 | 3.27 % | ||
| R1 | 0.0002 | 1.56 % | ||
| Current price: | 0.0002 | |||
| Support | S1 | 0.0002 | -3.97 % | |
| S2 | 0.0002 | -5.68 % | ||
| S3 | 0.0002 | -8.45 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0003 | 23.98 % | |
| R2 | 0.0002 | 1.81 % | ||
| R1 | 0.0002 | 0.452 % | ||
| Current price | 0.0002 | |||
| Support | S1 | 0.0002 | -2.26% | |
| S2 | 0.0002 | -8.14% | ||
| S3 | 0.0002 | -11.31% |
FAQ
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