Ankr / 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
Ankr / US Dollar cryptocurrency price up 0.362% on Sunday
(Updated on May 05, 2024)
The Ankr / US Dollar cryptocurrency price gained 0.362% on the last trading day (Sunday, 5th May 2024), rising from $0.0497 to $0.0499. During the last trading day the cryptocurrency fluctuated 5.82% from a day low at $0.0481 to a day high of $0.0509. The price has risen in 7 of the last 10 days but is still down by -1.77% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 15 million more shares were traded than the day before. In total, 19 million shares were bought and sold for approximately $923.71 thousand.
The cryptocurrency lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.0460 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the cryptocurrency is expected to rise 67.16% during the next 3 months and, with a 90% probability hold a price between $0.0769 and $0.118 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
ANKRUSD Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Ankr / US Dollar 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. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Ankr / 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 $0.0516. On a fall, the cryptocurrency will find some support from the short-term average at $0.0490. 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 Tuesday, April 09, 2024, and so far it has fallen -20.07%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Ankr / US Dollar cryptocurrency
On the downside, the cryptocurrency finds support just below today's level from accumulated volume at $0.0416 and $0.0411. 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, Ankr / US Dollar finds support just below today's level at $0.0416. If this is broken, then the next support from accumulated volume will be at $0.0411 and $0.0375.
This cryptocurrency may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this cryptocurrency is considered to be "high risk". During the last day, the cryptocurrency moved $0.0028 between high and low, or 5.82%. For the last week, the cryptocurrency has had daily average volatility of 9.00%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ANKRUSD) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Ankr / US Dollar to open at $0.0496, and during the day (based on 14 day Average True Range), to move between $0.0444 and $0.0554, which gives a possible trading interval of +/-$0.0055 (+/-10.99%) up or down from last closing price. If Ankr / US Dollar takes out the full calculated possible swing range there will be an estimated 21.98% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0512 (2.57%) than the support at $0.0416 (16.65%), 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 Ankr / US Dollar cryptocurrency A Buy?
Ankr / 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.
Current score: -1.315 Sell Candidate Unchanged
Predicted Opening Price for Ankr / US Dollar of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $0.0496 ( 0.534%) | $0.0499 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ANKRUSD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0524 | 5.08 % | |
| R2 | 0.0514 | 2.93 % | ||
| R1 | 0.0507 | 1.61 % | ||
| Current price: | 0.0499 | |||
| Support | S1 | 0.0486 | -2.68 % | |
| S2 | 0.0479 | -4.00 % | ||
| S3 | 0.0468 | -6.15 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0610 | 22.28 % | |
| R2 | 0.0573 | 14.79 % | ||
| R1 | 0.0512 | 2.57 % | ||
| Current price | 0.0499 | |||
| Support | S1 | 0.0416 | -16.65% | |
| S2 | 0.0411 | -17.66% | ||
| S3 | 0.0375 | -24.79% |
FAQ
Click here for our free guide on how to buy Ankr / US Dollar Cryptocurrency.
