ABCC Token / 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
ABCC Token / US Dollar cryptocurrency downgraded to Strong Sell Candidate
(Updated on May 21, 2024)
The ABCC Token / US Dollar cryptocurrency price fell by -0.0700% on the last day (Tuesday, 21st May 2024) from $0.0100 to $0.0100. During the last trading day the cryptocurrency fluctuated 0.110% from a day low at $0.0100 to a day high of $0.0100. The price has fallen in 5 of the last 10 days and is down by -91.84% for this period.
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. Due to the high volatility and the trend direction we are not able to give forecast range for this stock.
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ATUSD 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 ABCC Token / US Dollar 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 $0.0100 and $0.245. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, March 08, 2024, and so far it has fallen -98.99%. 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 ABCC Token / US Dollar cryptocurrency
There is no support from accumulated volume below today's level and given the right condition the cryptocurrency may perform very badly in the next couple of days.
This cryptocurrency may move very much during the day (volatility) and with periodic low trading volume this cryptocurrency is considered to be "very high risk". During the last day, the cryptocurrency moved $0.000011 between high and low, or 0.110%. For the last week the cryptocurrency has had daily average volatility of 0.104%.
ABCC Token / US Dollar is oversold on RSI14 (1). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ATUSD) For The Upcoming Trading Day Of Wednesday 22nd
For the upcoming trading day on Wednesday, 22nd we expect ABCC Token / US Dollar to open at $0.0100, and during the day (based on 14 day Average True Range), to move between -$0.0031 and $0.0231, which gives a possible trading interval of +/-$0.0131 (+/-130.62%) up or down from last closing price. If ABCC Token / US Dollar takes out the full calculated possible swing range there will be an estimated 261.25% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $0.0100, some $0.000005 (0.05%) from the current price of $0.0100, our system finds the risk reward not very attractive.
Is ABCC Token / US Dollar cryptocurrency A Buy?
ABCC Token / US Dollar 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this cryptocurrency since the last evaluation from a Sell to a Strong Sell candidate.
Current score: -6.044 Strong Sell Candidate Downgraded
Predicted Opening Price for ABCC Token / US Dollar of Wednesday, May 22, 2024
| Fair opening price May 22, 2024 | Current price |
|---|---|
| $0.0100 ( 0.0100%) | $0.0100 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ATUSD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0100 | 0.120 % | |
| R2 | 0.0100 | 0.0780 % | ||
| R1 | 0.0100 | 0.0520 % | ||
| Current price: | 0.0100 | |||
| Support | S1 | 0.0100 | -0.0320 % | |
| S2 | 0.0100 | -0.0580 % | ||
| S3 | 0.0100 | -0.100 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0100 | 0.110 % | |
| R2 | 0.0100 | 0.0600 % | ||
| R1 | 0.0100 | 0.0500 % | ||
| Current price | 0.0100 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
FAQ
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