FLOOF 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:
![Bollinger Bottleneck Buy Pattern 1](https://stockinvest.us/assets/img/legend/boll_tight.gif?v=25a8ebeec01b7b81c6d8306e42bbbe090ea218b2)
![Bollinger Bottleneck Buy Pattern 2](https://stockinvest.us/assets/img/legend/boll_tight2.gif?v=25a8ebeec01b7b81c6d8306e42bbbe090ea218b2)
![Bollinger Bottleneck Sell Pattern](https://stockinvest.us/assets/img/legend/boll_tight3.gif?v=25a8ebeec01b7b81c6d8306e42bbbe090ea218b2)
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
FLOOF USD cryptocurrency downgraded from Sell Candidate to Strong Sell Candidate after Tuesday trading session.
(Updated on Jun 25, 2024)
The FLOOF USD cryptocurrency price gained 0.0293% on the last trading day (Tuesday, 25th Jun 2024), rising from $0.00000041 to $0.00000041. During the last trading day the cryptocurrency fluctuated 3.82% from a day low at $0.00000040 to a day high of $0.00000041. The price has risen in 5 of the last 10 days but is still down by -59.41% for this period. Volume fell on the last day by -70 shares and in total, 127 shares were bought and sold for approximately $0.00005155 . 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 lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.00000036 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the cryptocurrency is expected to fall -12.34% during the next 3 months and, with a 90% probability hold a price between $0.00000031 and $0.00000086 at the end of this 3-month period.
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FLOOFUSD Signals & Forecast
A buy signal was issued from a pivot bottom point on Sunday, June 23, 2024, and so far it has risen 12.64%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The FLOOF 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 $0.00000044 and $0.00000086. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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 FLOOF USD cryptocurrency
FLOOF USD finds support from accumulated volume at $0.00000041 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 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 $0.00000002 between high and low, or 3.82%. For the last week the cryptocurrency has had daily average volatility of 8.33%.
FLOOF USD is oversold on RSI14 (13). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (FLOOFUSD) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect FLOOF USD to open at $0.00000040, and during the day (based on 14 day Average True Range), to move between $0.00000035 and $0.00000046, which gives a possible trading interval of +/-$0.00000006 (+/-14.29%) up or down from last closing price. If FLOOF USD takes out the full calculated possible swing range there will be an estimated 28.58% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.00000041 (0.03%) than the resistance at $0.00000043 (6.32%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is FLOOF USD cryptocurrency A Buy?
FLOOF USD holds several negative signals and is within a very wide and falling trend, so we believe 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 Sell to a Strong Sell candidate.
Current score: -5.321 Strong Sell Candidate Downgraded
Predicted Opening Price for FLOOF USD of Wednesday, June 26, 2024
Fair opening price June 26, 2024 | Current price |
---|---|
$0.00000040 ( 0.319%) | $0.00000041 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FLOOFUSD
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.00000042 | 3.41% |
R2 | 0.00000041 | 1.99% |
R1 | 0.00000041 | 1.11% |
Price | 0.00000041 | |
S1 | 0.00000040 | -1.75% |
S2 | 0.00000040 | -2.63% |
S3 | 0.00000039 | -4.05% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.00000046 | 13.85% |
R2 | 0.00000044 | 9.20% |
R1 | 0.00000043 | 6.32% |
Price | 0.00000041 | |
S1 | 0.00000041 | -0.0293% |
S2 | 0.00000036 | -11.22% |
S3 | 0 | - |
FAQ
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