Collab.Land 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:
![Bollinger Bottleneck Buy Pattern 1](https://stockinvest.us/assets/img/legend/boll_tight.gif?v=e286bd2437919596200b642acbe7c45175aa9cf4)
![Bollinger Bottleneck Buy Pattern 2](https://stockinvest.us/assets/img/legend/boll_tight2.gif?v=e286bd2437919596200b642acbe7c45175aa9cf4)
![Bollinger Bottleneck Sell Pattern](https://stockinvest.us/assets/img/legend/boll_tight3.gif?v=e286bd2437919596200b642acbe7c45175aa9cf4)
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
Big movements in Collab.Land USD cryptocurrency price on Friday moving 10.53% between high and low
(Updated on Jun 28, 2024)
The Collab.Land USD cryptocurrency price fell by -2.60% on the last day (Friday, 28th Jun 2024) from $0.0042 to $0.0041. It has now fallen 5 days in a row. During the last trading day the cryptocurrency fluctuated 10.53% from a day low at $0.0041 to a day high of $0.0045. The price has fallen in 6 of the last 10 days but is still up by 3.65% over the past 2 weeks. Volume fell on the last day along with the cryptocurrency, which is actually a good sign as volume should follow the cryptocurrency. On the last day, the trading volume fell by -11 thousand shares and in total, 6 thousand shares were bought and sold for approximately $25.97 .
The cryptocurrency lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.0033 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the cryptocurrency is expected to fall -24.45% during the next 3 months and, with a 90% probability hold a price between $0.0025 and $0.0068 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.
COLLABUSD 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 Collab.Land 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 $0.0057 and $0.0051. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Sunday, June 23, 2024, and so far it has fallen -55.08%. 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 Collab.Land USD cryptocurrency
Collab.Land USD finds support from accumulated volume at $0.0040 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 periodic low trading volume this cryptocurrency is considered to be "very high risk". During the last day, the cryptocurrency moved $0.0004 between high and low, or 10.53%. For the last week the cryptocurrency has had daily average volatility of 14.42%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (COLLABUSD) For The Upcoming Trading Day Of Saturday 29th
For the upcoming trading day on Saturday, 29th we expect Collab.Land USD to open at $0.0043, and during the day (based on 14 day Average True Range), to move between $0.0031 and $0.0052, which gives a possible trading interval of +/-$0.0011 (+/-25.54%) up or down from last closing price. If Collab.Land USD takes out the full calculated possible swing range there will be an estimated 51.08% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0042 (2.67%) than the support at $0.0040 (3.52%), 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 Collab.Land USD cryptocurrency A Buy?
Collab.Land 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. 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: -6.197 Strong Sell Candidate Downgraded
Predicted Opening Price for Collab.Land USD of Saturday, June 29, 2024
Fair opening price June 29, 2024 | Current price |
---|---|
$0.0043 ( 3.32%) | $0.0041 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for COLLABUSD
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.0047 | 13.82% |
R2 | 0.0045 | 9.81% |
R1 | 0.0044 | 7.33% |
Price | 0.0041 | |
S1 | 0.0041 | -0.689% |
S2 | 0.0040 | -3.17% |
S3 | 0.0038 | -7.18% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.0051 | 22.68% |
R2 | 0.0050 | 20.91% |
R1 | 0.0042 | 2.67% |
Price | 0.0041 | |
S1 | 0.0040 | -3.52% |
S2 | 0.0039 | -4.22% |
S3 | 0.0039 | -4.83% |
FAQ
Click here for our free guide on how to buy Collab.Land USD Cryptocurrency.