Dragon Crypto Argenti 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
Stronger technical forecast for Dragon Crypto Argenti USD cryptocurrency price after Friday trading.
(Updated on Jun 28, 2024)
No changes to the price of Dragon Crypto Argenti USD cryptocurrency on the last trading day (Friday, 28th Jun 2024). During the last trading day the cryptocurrency fluctuated 0% from a day low at $0.0023 to a day high of $0.0023. The price has been going up and down for this period, and there has been a -6.51% loss for the last 2 weeks.
The cryptocurrency lies the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $0.0026 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Due to the high volatility and the trend direction we are not able to give forecast range for this stock. 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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DCARUSD Signals & Forecast
There are mixed signals in the cryptocurrency today. The Dragon Crypto Argenti USD cryptocurrency holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the cryptocurrency giving a more negative forecast for the stock. On further gains, the cryptocurrency will meet resistance from the long-term Moving Average at $0.0026. On a fall, the cryptocurrency will find some support from the short-term average at $0.0022. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Wednesday, June 05, 2024, and so far it has fallen -46.50%. 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". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Dragon Crypto Argenti USD cryptocurrency
On the downside, the cryptocurrency finds support just below today's level from accumulated volume at $0.0020 and $0.0019. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $0.0019 may give a huge drop in the cryptocurrency price.
This cryptocurrency may move much during the day (volatility) and with periodic low trading volume this cryptocurrency is considered to be "high 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 5.48%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (DCARUSD) For The Upcoming Trading Day Of Saturday 29th
For the upcoming trading day on Saturday, 29th we expect Dragon Crypto Argenti USD to open at $0.0023, and during the day (based on 14 day Average True Range), to move between $0.0021 and $0.0025, which gives a possible trading interval of +/-$0.0002 (+/-8.56%) up or down from last closing price. If Dragon Crypto Argenti USD takes out the full calculated possible swing range there will be an estimated 17.12% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0024 (3.59%) than the support at $0.0020 (12.79%), 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 Dragon Crypto Argenti USD cryptocurrency A Buy?
Dragon Crypto Argenti USD 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. We have upgraded our analysis conclusion for this cryptocurrency since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -4.942 Sell Candidate Upgraded
Predicted Opening Price for Dragon Crypto Argenti USD of Saturday, June 29, 2024
Fair opening price June 29, 2024 | Current price |
---|---|
$0.0023 ( 0%) | $0.0023 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DCARUSD
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.0023 | - |
R2 | 0.0023 | - |
R1 | 0.0023 | - |
Price | 0.0023 | |
S1 | 0.0023 | - |
S2 | 0.0023 | - |
S3 | 0.0023 | - |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.0025 | 7.45% |
R2 | 0.0024 | 6.31% |
R1 | 0.0024 | 3.59% |
Price | 0.0023 | |
S1 | 0.0020 | -12.79% |
S2 | 0.0019 | -18.71% |
S3 | 0 | - |
FAQ
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