Filda 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 Filda USD cryptocurrency price on Saturday which ended trading at $0.0020
(Updated on May 11, 2024)
The Filda USD cryptocurrency price fell by -29.73% on the last day (Saturday, 11th May 2024) from $0.0028 to $0.0020. It has now fallen 3 days in a row. During the last trading day the cryptocurrency fluctuated 79.63% from a day low at $0.0017 to a day high of $0.0030. The price has been going up and down for this period, and there has been a 124.91% gain for the last 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 -2 thousand shares and in total, 38 thousand shares were bought and sold for approximately $75.32 .
The cryptocurrency lies in the lower part of a very wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.0009 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the cryptocurrency is expected to rise 2.37% during the next 3 months and, with a 90% probability hold a price between $0.0009 and $0.0070 at the end of this 3-month period.
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FILDAUSD Signals & Forecast
The Filda USD cryptocurrency holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the cryptocurrency giving a positive forecast for the stock. On further gains, the cryptocurrency will meet resistance from the short-term Moving Average at approximately $0.0028. On a fall, the cryptocurrency will find some support from the long-term average at approximately $0.0014. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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 Wednesday, May 08, 2024, and so far it has fallen -71.30%. Further fall is indicated until a new bottom pivot has been found. 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 very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Filda USD cryptocurrency
On the downside, the cryptocurrency finds support just below today's level from accumulated volume at $0.0018 and $0.0017. 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, Filda USD finds support just below today's level at $0.0018. If this is broken, then the next support from accumulated volume will be at $0.0017 and $0.0017.
This cryptocurrency may move very much during the day (volatility) and with periodic low trading volume this cryptocurrency is considered to be "very high risk". During the last day, the cryptocurrency moved $0.0013 between high and low, or 79.63%. For the last week the cryptocurrency has had daily average volatility of 203.44%.
Our recommended stop-loss: $0.0018 (-5.92%) (This cryptocurrency has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 3 days ago.)
Trading Expectations (FILDAUSD) For The Upcoming Trading Day Of Sunday 12th
For the upcoming trading day on Sunday, 12th we expect Filda USD to open at $0.0022, and during the day (based on 14 day Average True Range), to move between $0.0009 and $0.0030, which gives a possible trading interval of +/-$0.0011 (+/-54.84%) up or down from last closing price. If Filda USD takes out the full calculated possible swing range there will be an estimated 109.68% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0021 (4.85%) than the support at $0.0018 (8.58%), 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 Filda 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 Filda USD cryptocurrency to perform well in the short-term.
Current score: 1.535 Buy Candidate Unchanged
Predicted Opening Price for Filda USD of Sunday, May 12, 2024
| Fair opening price May 12, 2024 | Current price |
|---|---|
| $0.0022 ( 12.98%) | $0.0020 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FILDAUSD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0035 | 81.03 % | |
| R2 | 0.0030 | 55.03 % | ||
| R1 | 0.0027 | 38.98 % | ||
| Current price: | 0.0020 | |||
| Support | S1 | 0.0017 | -13.01 % | |
| S2 | 0.0014 | -29.07 % | ||
| S3 | 0.0009 | -55.06 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0023 | 15.01 % | |
| R2 | 0.0021 | 5.41 % | ||
| R1 | 0.0021 | 4.85 % | ||
| Current price | 0.0020 | |||
| Support | S1 | 0.0018 | -8.58% | |
| S2 | 0.0017 | -13.94% | ||
| S3 | 0.0017 | -15.72% |
FAQ
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