Fidira 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
Fidira USD cryptocurrency downgraded from Hold/Accumulate to Sell Candidate after Tuesday trading session.
(Updated on Jun 25, 2024)
The Fidira USD cryptocurrency price gained 2.56% on the last trading day (Tuesday, 25th Jun 2024), rising from $0.0055 to $0.0056. During the last trading day the cryptocurrency fluctuated 2.31% from a day low at $0.0055 to a day high of $0.0056. The price has been going up and down for this period, and there has been a -2.2% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 2 thousand more shares were traded than the day before. In total, 61 thousand shares were bought and sold for approximately $343.63 .
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. 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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FIDUSD Signals & Forecast
There are mixed signals in the cryptocurrency today. The Fidira 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 $0.0057 and $0.0058. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Wednesday, May 01, 2024, and so far it has risen 31.98%. 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). Fidira USD has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Fidira USD cryptocurrency
On the downside, the cryptocurrency finds support just below today's level from accumulated volume at $0.0051 and $0.0049. There is a natural risk involved when a cryptocurrency is testing a support level, since if this is broken, the cryptocurrency then may fall to the next support level. In this case, Fidira USD finds support just below today's level at $0.0051. If this is broken, then the next support from accumulated volume will be at $0.0049 and $0.0048.
This cryptocurrency has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the cryptocurrency moved $0.0001 between high and low, or 2.31%. For the last week, the cryptocurrency has had daily average volatility of 2.60%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (FIDUSD) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Fidira USD to open at $0.0056, and during the day (based on 14 day Average True Range), to move between $0.0054 and $0.0058, which gives a possible trading interval of +/-$0.0002 (+/-3.46%) up or down from last closing price. If Fidira USD takes out the full calculated possible swing range there will be an estimated 6.92% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0058 (3.32%) than the support at $0.0051 (8.31%), 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 Fidira USD cryptocurrency A Buy?
Fidira 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this cryptocurrency since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -2.010 Sell Candidate Downgraded
Predicted Opening Price for Fidira USD of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $0.0056 ( 0.434%) | $0.0056 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FIDUSD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0057 | 1.83% |
| R2 | 0.0057 | 0.97% |
| R1 | 0.0056 | 0.431% |
| Price | 0.0056 | |
| S1 | 0.0055 | -1.30% |
| S2 | 0.0055 | -1.83% |
| S3 | 0.0055 | -2.70% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0061 | 9.33% |
| R2 | 0.0060 | 6.60% |
| R1 | 0.0058 | 3.32% |
| Price | 0.0056 | |
| S1 | 0.0051 | -8.31% |
| S2 | 0.0049 | -13.39% |
| S3 | 0.0048 | -14.44% |
FAQ
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