Dinger Token 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
Red day on Friday for Dinger Token USD cryptocurrency after losing 0%
(Updated on Jun 28, 2024)
No changes to the price of Dinger Token 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 $0.000002 to a day high of $0.000002. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks.
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. Given the current short-term trend, the cryptocurrency is expected to fall -23.86% during the next 3 months and, with a 90% probability hold a price between $0.00000094 and $0.00000234 at the end of this 3-month period.
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DINGERUSD Signals & Forecast
There are mixed signals in the cryptocurrency today. The Dinger Token USD cryptocurrency holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $0.000002 and $0.00000212. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Thursday, June 06, 2024, and so far it has fallen 0%. 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). Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the cryptocurrency should be watched more closely at it may be a "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Dinger Token USD cryptocurrency
There is no support from accumulated volume below today's level and given the right condition the cryptocurrency may perform very badly in the next couple of days.
In general the cryptocurrency tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. 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 0%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (DINGERUSD) For The Upcoming Trading Day Of Saturday 29th
For the upcoming trading day on Saturday, 29th we expect Dinger Token USD to open at $0.000002, and during the day (based on 14 day Average True Range), to move between $0.00000198 and $0.00000202, which gives a possible trading interval of +/-$0.00000002 (+/-1.20%) up or down from last closing price. If Dinger Token USD takes out the full calculated possible swing range there will be an estimated 2.41% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $0.00000222, some $0.00000022 (10.90%) from the current price of $0.000002, our system finds the risk reward not very attractive.
Is Dinger Token USD cryptocurrency A Buy?
Dinger Token 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.
Current score: -3.458 Sell Candidate Unchanged
Predicted Opening Price for Dinger Token USD of Saturday, June 29, 2024
| Fair opening price June 29, 2024 | Current price |
|---|---|
| $0.000002 ( 0%) | $0.000002 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DINGERUSD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.000002 | - |
| R2 | 0.000002 | - |
| R1 | 0.000002 | - |
| Price | 0.000002 | |
| S1 | 0.000002 | - |
| S2 | 0.000002 | - |
| S3 | 0.000002 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0.00000247 | 23.50% |
| R1 | 0.00000222 | 10.90% |
| Price | 0.000002 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
FAQ
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