Crolon Mars 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
Strong day for Crolon Mars USD cryptocurrency price on Monday rising 5.58% to $0.0005
(Updated on Jun 10, 2024)
The Crolon Mars USD cryptocurrency price gained 5.58% on the last trading day (Monday, 10th Jun 2024), rising from $0.0004 to $0.0005. During the last trading day the cryptocurrency fluctuated 8.99% from a day low at $0.0004 to a day high of $0.0005. The price has risen in 6 of the last 10 days and is up by 36.32% 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, 141 more shares were traded than the day before. In total, 154 shares were bought and sold for approximately $0.0728 .
Given the current short-term trend, the cryptocurrency is expected to fall -27.72% during the next 3 months and, with a 90% probability hold a price between $0.0001 and $0.0003 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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CLMRSUSD Signals & Forecast
Mostly positive signals in the chart today. The Crolon Mars USD cryptocurrency holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $0.0004 and $0.0003. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Saturday, May 11, 2024, and so far it has risen 93.85%. 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). Crolon Mars USD 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. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Crolon Mars USD cryptocurrency
Crolon Mars USD finds support from accumulated volume at $0.0005 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This cryptocurrency may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this cryptocurrency is considered to be "very high risk". During the last day, the cryptocurrency moved $0.000039 between high and low, or 8.99%. For the last week, the cryptocurrency has had daily average volatility of 2.96%.
The Crolon Mars USD cryptocurrency is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some cryptocurrencies may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the cryptocurrency manages to break the trend before that occurs.
Our recommended stop-loss: $0.0005 (-3.26%) (This cryptocurrency has very high daily movements and this gives very high risk. The RSI14 is 87 and this increases the risk substantially. There is a buy signal from a pivot bottom found 74 days ago.)
Trading Expectations (CLMRSUSD) For The Upcoming Trading Day Of Tuesday 11th
For the upcoming trading day on Tuesday, 11th we expect Crolon Mars USD to open at $0.0005, and during the day (based on 14 day Average True Range), to move between $0.0005 and $0.0005, which gives a possible trading interval of +/-$0.00001608 (+/-3.40%) up or down from last closing price. If Crolon Mars USD takes out the full calculated possible swing range there will be an estimated 6.80% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0005 (4.65%) than the resistance at $0.0005 (7.19%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Crolon Mars USD cryptocurrency A Buy?
Several short-term signals are positive, despite the cryptocurrency being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for cryptocurrency to perform well in the short-term.
Current score: 2.688 Buy Candidate Unchanged
Predicted Opening Price for Crolon Mars USD of Tuesday, June 11, 2024
| Fair opening price June 11, 2024 | Current price |
|---|---|
| $0.0005 ( 2.75%) | $0.0005 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CLMRSUSD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0005 | 5.50% |
| R2 | 0.0005 | 2.35% |
| R1 | 0.0005 | 0.401% |
| Price | 0.0005 | |
| S1 | 0.0004 | -5.90% |
| S2 | 0.0004 | -7.84% |
| S3 | 0.0004 | -10.99% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0006 | 17.55% |
| R2 | 0.0005 | 13.53% |
| R1 | 0.0005 | 7.19% |
| Price | 0.0005 | |
| S1 | 0.0005 | -4.65% |
| S2 | 0.0004 | -16.07% |
| S3 | 0.0004 | -21.78% |
FAQ
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