Alchemy Pay / US Dollar 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
Evaluation of Alchemy Pay / US Dollar cryptocurrency downgraded after the last trading session.
(Updated on May 16, 2024)
No changes to the price of Alchemy Pay / US Dollar cryptocurrency on the last trading day (Thursday, 16th May 2024). During the last trading day the cryptocurrency fluctuated 0% from a day low at $0.0275 to a day high of $0.0275. The price has fallen in 6 of the last 10 days and is down by -8.18% for this period.
The cryptocurrency is at the lower part of a very wide and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $0.0247 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Alchemy Pay / US Dollar cryptocurrency with a 90% probability to be traded between $0.0250 and $0.0460 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and cryptocurrencies seldom manage to go directly from the bottom of a trend up to the top. Cryptocurrencies turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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ACHUSD Signals & Forecast
There are mixed signals in the cryptocurrency today. The Alchemy Pay / US Dollar cryptocurrency holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the cryptocurrency giving a more negative forecast for the stock. On further gains, the cryptocurrency will meet resistance from the long-term Moving Average at $0.0301. On a fall, the cryptocurrency will find some support from the short-term average at $0.0268. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Wednesday, May 15, 2024, and so far it has fallen 0%. 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 on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Alchemy Pay / US Dollar cryptocurrency
Alchemy Pay / US Dollar finds support from accumulated volume at $0.0264 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the cryptocurrency tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the cryptocurrency During the last day, the cryptocurrency moved $0 between high and low, or 0%. For the last week the cryptocurrency has had daily average volatility of 6.57%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ACHUSD) For The Upcoming Trading Day Of Friday 17th
For the upcoming trading day on Friday, 17th we expect Alchemy Pay / US Dollar to open at $0.0275, and during the day (based on 14 day Average True Range), to move between $0.0248 and $0.0302, which gives a possible trading interval of +/-$0.0027 (+/-9.76%) up or down from last closing price. If Alchemy Pay / US Dollar takes out the full calculated possible swing range there will be an estimated 19.53% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0280 (1.83%) than the support at $0.0264 (4.01%), 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 Alchemy Pay / US Dollar cryptocurrency A Buy?
Alchemy Pay / US Dollar holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this cryptocurrency. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this cryptocurrency since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.325 Sell Candidate Downgraded
Predicted Opening Price for Alchemy Pay / US Dollar of Friday, May 17, 2024
| Fair opening price May 17, 2024 | Current price |
|---|---|
| $0.0275 ( 0.00000000%) | $0.0275 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ACHUSD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0275 | 0.00000000 % | |
| R2 | 0.0275 | 0.00000000 % | ||
| R1 | 0.0275 | 0.00000000 % | ||
| Current price: | 0.0275 | |||
| Support | S1 | 0.0275 | 0.00000000 % | |
| S2 | 0.0275 | 0.00000000 % | ||
| S3 | 0.0275 | 0.00000000 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0343 | 24.63 % | |
| R2 | 0.0289 | 5.05 % | ||
| R1 | 0.0280 | 1.83 % | ||
| Current price | 0.0275 | |||
| Support | S1 | 0.0264 | -4.01% | |
| S2 | 0.0254 | -7.92% | ||
| S3 | 0.0249 | -9.51% |
FAQ
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