Cramer Coin 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
A very strong day for Cramer Coin USD cryptocurrency price on Saturday
(Updated on May 18, 2024)
The Cramer Coin USD cryptocurrency price gained 5.38% on the last trading day (Saturday, 18th May 2024), rising from $0.0008 to $0.0009. During the last trading day the cryptocurrency fluctuated 9.20% from a day low at $0.0008 to a day high of $0.0009. The price has risen in 5 of the last 10 days and is up by 57.5% over the past 2 weeks. Volume fell on the last day by -6 thousand shares and in total, 1 thousand shares were bought and sold for approximately $0.97 . You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
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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CRAMERUSD Signals & Forecast
The Cramer Coin 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 $0.0007 and $0.0006. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Wednesday, March 06, 2024, and so far it has fallen -89.78%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Cramer Coin USD cryptocurrency
Cramer Coin USD finds support from accumulated volume at $0.0009 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 $0.000077 between high and low, or 9.20%. For the last week the cryptocurrency has had daily average volatility of 15.55%.
Our recommended stop-loss: $0.0008 (-5.06%) (This cryptocurrency has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 73 days ago.)
Trading Expectations (CRAMERUSD) For The Upcoming Trading Day Of Sunday 19th
For the upcoming trading day on Sunday, 19th we expect Cramer Coin USD to open at $0.0009, and during the day (based on 14 day Average True Range), to move between $0.0008 and $0.0010, which gives a possible trading interval of +/-$0.0001 (+/-12.59%) up or down from last closing price. If Cramer Coin USD takes out the full calculated possible swing range there will be an estimated 25.19% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0009 (0.79%) than the support at $0.0009 (1.47%), 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 Cramer Coin 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. We have upgraded our analysis conclusion for this cryptocurrency since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 2.543 Buy Candidate Upgraded
Predicted Opening Price for Cramer Coin USD of Sunday, May 19, 2024
Fair opening price May 19, 2024 | Current price |
---|---|
$0.0009 ( 0.491%) | $0.0009 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CRAMERUSD
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.0010 | 8.24 % | |
R2 | 0.0009 | 4.90 % | ||
R1 | 0.0009 | 2.84 % | ||
Current price: | 0.0009 | |||
Support | S1 | 0.0008 | -3.83 % | |
S2 | 0.0008 | -5.89 % | ||
S3 | 0.0008 | -9.22 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.0010 | 14.85 % | |
R2 | 0.0010 | 12.70 % | ||
R1 | 0.0009 | 0.794 % | ||
Current price | 0.0009 | |||
Support | S1 | 0.0009 | -1.47% | |
S2 | 0.0008 | -6.69% | ||
S3 | 0.0008 | -11.56% |
FAQ
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