DOLA 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
Evaluation of DOLA USD cryptocurrency downgraded after the last trading session.
(Updated on Jun 25, 2024)
The DOLA USD cryptocurrency price fell by -0.0110% on the last day (Tuesday, 25th Jun 2024) from $1.00 to $1.00. During the last trading day the cryptocurrency fluctuated 0.354% from a day low at $0.99 to a day high of $1.00. The price has risen in 6 of the last 10 days and is up by 0.23% 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 -234 thousand shares and in total, 825 thousand shares were bought and sold for approximately $822.51 thousand.
The cryptocurrency is moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect DOLA USD cryptocurrency with a 90% probability to be traded between $0.98 and $1.00 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and cryptocurrencies seldom manage to go directly from the bottom of a trend up to the top. Cryptocurrencies turning up in the middle of a horizontal trend are therefore considered to be potential runners. 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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DOLAUSD Signals & Forecast
The DOLA 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 $1.00 and $1.00. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Sunday, June 09, 2024, and so far it has risen 0.797%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. 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 cryptocurrency had a Golden Star Signal on Saturday, June 22, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Wednesday, January 31, 2024.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the cryptocurrency in question.
Golden Star
The cryptocurrency had a Golden Star Signal on Saturday, June 22, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Wednesday, January 31, 2024.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the cryptocurrency in question.
Golden Star 12 Months
The cryptocurrency had a Golden Star Signal on Saturday, June 22, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Wednesday, January 31, 2024.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the cryptocurrency in question.
Support, Risk & Stop-loss for DOLA USD cryptocurrency
DOLA USD finds support from accumulated volume at $1.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the cryptocurrency tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the cryptocurrency During the last day, the cryptocurrency moved $0.0035 between high and low, or 0.354%. For the last week the cryptocurrency has had daily average volatility of 0.386%
Our recommended stop-loss: $0.95 (-4.96%) (This cryptocurrency has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 73 days ago.)
Trading Expectations (DOLAUSD) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect DOLA USD to open at $1.00, and during the day (based on 14 day Average True Range), to move between $0.99 and $1.00, which gives a possible trading interval of +/-$0.0059 (+/-0.59%) up or down from last closing price. If DOLA USD takes out the full calculated possible swing range there will be an estimated 1.18% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $1.00 (0.03%) than the resistance at $1.00 (0.13%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is DOLA USD cryptocurrency A Buy?
DOLA USD holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this cryptocurrency since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.283 Hold/Accumulate Downgraded
Predicted Opening Price for DOLA USD of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $1.00 ( 0.0769%) | $1.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DOLAUSD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.00 | 0.276% |
| R2 | 1.00 | 0.141% |
| R1 | 1.00 | 0.0580% |
| Price | 1.00 | |
| S1 | 0.99 | -0.212% |
| S2 | 0.99 | -0.295% |
| S3 | 0.99 | -0.430% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.00 | 0.382% |
| R2 | 1.00 | 0.363% |
| R1 | 1.00 | 0.132% |
| Price | 1.00 | |
| S1 | 1.00 | -0.0271% |
| S2 | 1.00 | -0.103% |
| S3 | 0.99 | -0.461% |
FAQ
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