Defi For You 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
High volatility in Defi For You USD cryptocurrency price on Sunday which ended trading at $0.0004
(Updated on Jun 02, 2024)
The Defi For You USD cryptocurrency price gained 38.39% on the last trading day (Sunday, 2nd Jun 2024), rising from $0.0003 to $0.0004. During the last trading day the cryptocurrency fluctuated 102.18% from a day low at $0.0003 to a day high of $0.0006. The price has fallen in 5 of the last 10 days but is still up by 46.42% over the past 2 weeks. Volume fell on the last day by -26 thousand shares and in total, 162 thousand shares were bought and sold for approximately $69.32 . 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 strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the cryptocurrency is expected to rise 30.00% during the next 3 months and, with a 90% probability hold a price between $0.0003 and $0.0006 at the end of this 3-month period.
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DFYUSD Signals & Forecast
The Defi For You USD cryptocurrency holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the cryptocurrency has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $0.0003 and $0.0003. 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 Monday, May 06, 2024, and so far it has fallen -2.72%. 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 Defi For You USD cryptocurrency
Defi For You USD finds support from accumulated volume at $0.0004 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 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 $0.0003 between high and low, or 102.18%. For the last week the cryptocurrency has had daily average volatility of 46.76%.
Our recommended stop-loss: $0.0004 (-4.46%) (This cryptocurrency has high daily movements and this gives high risk. There is a sell signal from a pivot top found 45 days ago.)
Trading Expectations (DFYUSD) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect Defi For You USD to open at $0.0005, and during the day (based on 14 day Average True Range), to move between $0.0003 and $0.0005, which gives a possible trading interval of +/-$0.00008717 (+/-20.32%) up or down from last closing price. If Defi For You USD takes out the full calculated possible swing range there will be an estimated 40.64% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0004 (2.33%) than the resistance at $0.0004 (2.56%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Defi For You USD cryptocurrency A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Defi For You USD cryptocurrency to perform well in the short-term. We have upgraded our analysis conclusion for this cryptocurrency since the last evaluation from a Sell to a Buy candidate.
Current score: 3.295 Buy Candidate Upgraded
Predicted Opening Price for Defi For You USD of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| $0.0005 ( 8.70%) | $0.0004 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DFYUSD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0008 | 85.16 % | |
| R2 | 0.0007 | 55.95 % | ||
| R1 | 0.0006 | 37.91 % | ||
| Current price: | 0.0004 | |||
| Support | S1 | 0.0003 | -20.50 % | |
| S2 | 0.0003 | -38.55 % | ||
| S3 | 0.0001 | -67.75 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0.0004 | 2.80 % | ||
| R1 | 0.0004 | 2.56 % | ||
| Current price | 0.0004 | |||
| Support | S1 | 0.0004 | -2.33% | |
| S2 | 0.0004 | -13.52% | ||
| S3 | 0.0004 | -13.75% |
FAQ
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