Travala.com / 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 Travala.com / US Dollar cryptocurrency downgraded after the last trading session.
(Updated on May 12, 2024)
The Travala.com / US Dollar cryptocurrency price gained 1.67% on the last trading day (Sunday, 12th May 2024), rising from $0.640 to $0.651. During the last trading day the cryptocurrency fluctuated 6.32% from a day low at $0.636 to a day high of $0.676. The price has risen in 7 of the last 10 days and is up by 5.02% 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, 11 thousand more shares were traded than the day before. In total, 1 million shares were bought and sold for approximately $931.00 thousand.
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 $0.576 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Travala.com / US Dollar cryptocurrency with a 90% probability to be traded between $0.571 and $0.98 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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AVAUSD Signals & Forecast
There are mixed signals in the cryptocurrency today. The Travala.com / 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 $0.658 and $0.685. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Wednesday, May 01, 2024, and so far it has risen 12.80%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Travala.com / 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.
Support, Risk & Stop-loss for Travala.com / US Dollar cryptocurrency
Travala.com / US Dollar finds support from accumulated volume at $0.646 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This cryptocurrency has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the cryptocurrency moved $0.0402 between high and low, or 6.32%. For the last week, the cryptocurrency has had daily average volatility of 6.47%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (AVAUSD) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect Travala.com / US Dollar to open at $0.655, and during the day (based on 14 day Average True Range), to move between $0.602 and $0.700, which gives a possible trading interval of +/-$0.0493 (+/-7.57%) up or down from last closing price. If Travala.com / US Dollar takes out the full calculated possible swing range there will be an estimated 15.15% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.646 (0.74%) than the resistance at $0.721 (10.69%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Travala.com / US Dollar cryptocurrency A Buy?
Travala.com / 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: -1.671 Sell Candidate Downgraded
Predicted Opening Price for Travala.com / US Dollar of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| $0.655 ( 0.522%) | $0.651 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AVAUSD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.695 | 6.70 % | |
| R2 | 0.679 | 4.34 % | ||
| R1 | 0.670 | 2.88 % | ||
| Current price: | 0.651 | |||
| Support | S1 | 0.639 | -1.84 % | |
| S2 | 0.630 | -3.29 % | ||
| S3 | 0.614 | -5.65 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.775 | 18.97 % | |
| R2 | 0.742 | 13.98 % | ||
| R1 | 0.721 | 10.69 % | ||
| Current price | 0.651 | |||
| Support | S1 | 0.646 | -0.737% | |
| S2 | 0.634 | -2.61% | ||
| S3 | 0.627 | -3.69% |
FAQ
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