BTC 2x Flexible Leverage Index USD 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
Red day on Saturday for BTC 2x Flexible Leverage Index USD
(Updated on Jun 01, 2024)
No changes to the price of BTC 2x Flexible Leverage Index USD cryptocurrency on the last trading day (Saturday, 1st Jun 2024). During the last trading day the cryptocurrency fluctuated 0% from a day low at $26.61 to a day high of $26.61. The price has been going up and down for this period, and there has been a -11.36% loss for the last 2 weeks.
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 -13.75% during the next 3 months and, with a 90% probability hold a price between $15.61 and $28.08 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.
BTC2X-FLIUSD Signals & Forecast
There are few to no technical positive signals at the moment. The BTC 2x Flexible Leverage Index USD cryptocurrency holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $28.38 and $27.36. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, May 21, 2024, and so far it has fallen -14.86%. 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".
Support, Risk & Stop-loss for BTC 2x Flexible Leverage Index USD cryptocurrency
BTC 2x Flexible Leverage Index USD finds support from accumulated volume at $26.54 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, but be aware of low or falling volume as this increases the risk. 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 4.10%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (BTC2X-FLIUSD) For The Upcoming Trading Day Of Sunday 2nd
For the upcoming trading day on Sunday, 2nd we expect BTC 2x Flexible Leverage Index USD to open at $26.61, and during the day (based on 14 day Average True Range), to move between $25.70 and $27.52, which gives a possible trading interval of +/-$0.91 (+/-3.42%) up or down from last closing price. If BTC 2x Flexible Leverage Index USD takes out the full calculated possible swing range there will be an estimated 6.83% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $26.63 (0.07%) than the support at $26.54 (0.26%), 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 BTC 2x Flexible Leverage Index USD cryptocurrency A Buy?
BTC 2x Flexible Leverage Index USD 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.
Current score: -4.787 Sell Candidate Unchanged
Predicted Opening Price for BTC 2x Flexible Leverage Index USD of Sunday, June 2, 2024
| Fair opening price June 2, 2024 | Current price |
|---|---|
| $26.61 ( 0%) | $26.61 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BTC2X-FLIUSD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 26.61 | . | |
| R2 | 26.61 | . | ||
| R1 | 26.61 | . | ||
| Current price: | 26.61 | |||
| Support | S1 | 26.61 | . | |
| S2 | 26.61 | . | ||
| S3 | 26.61 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 29.49 | 10.84 % | |
| R2 | 28.09 | 5.58 % | ||
| R1 | 26.63 | 0.0724 % | ||
| Current price | 26.61 | |||
| Support | S1 | 26.54 | -0.262% | |
| S2 | 26.32 | -1.06% | ||
| S3 | 25.70 | -3.41% |
FAQ
Click here for our free guide on how to buy BTC 2x Flexible Leverage Index USD Cryptocurrency.
