GLOBAL DIGITAL CLUSTER COIN 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
GLOBAL DIGITAL CLUSTER COIN USD cryptocurrency upgraded from Hold/Accumulate to Buy Candidate after Saturday trading session.
(Updated on May 18, 2024)
The GLOBAL DIGITAL CLUSTER COIN USD cryptocurrency price fell by -1.22% on the last day (Saturday, 18th May 2024) from $1.64 to $1.62. During the last trading day the cryptocurrency fluctuated 3.82% from a day low at $1.57 to a day high of $1.63. The price has fallen in 4 of the last 10 days and is down by -3.57% for this period. 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 -12 thousand shares and in total, 55 thousand shares were bought and sold for approximately $88.42 thousand.
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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
GDCCUSD Signals & Forecast
The GLOBAL DIGITAL CLUSTER COIN 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 $1.63. On a fall, the cryptocurrency will find some support from the long-term average at approximately $1.31. 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 Monday, February 26, 2024, and so far it has fallen -90.51%. 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 GLOBAL DIGITAL CLUSTER COIN USD cryptocurrency
On the downside, the cryptocurrency finds support just below today's level from accumulated volume at $1.44 and $1.43. 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, GLOBAL DIGITAL CLUSTER COIN USD finds support just below today's level at $1.44. If this is broken, then the next support from accumulated volume will be at $1.43 and $1.24.
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 $0.0600 between high and low, or 3.82%. For the last week the cryptocurrency has had daily average volatility of 2.26%.
Our recommended stop-loss: $1.53 (-5.60%) (This cryptocurrency has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 82 days ago.)
Trading Expectations (GDCCUSD) For The Upcoming Trading Day Of Sunday 19th
For the upcoming trading day on Sunday, 19th we expect GLOBAL DIGITAL CLUSTER COIN USD to open at $1.61, and during the day (based on 14 day Average True Range), to move between $1.52 and $1.72, which gives a possible trading interval of +/-$0.104 (+/-6.43%) up or down from last closing price. If GLOBAL DIGITAL CLUSTER COIN USD takes out the full calculated possible swing range there will be an estimated 12.86% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $1.64 (1.23%) than the support at $1.44 (11.11%), 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 GLOBAL DIGITAL CLUSTER COIN USD cryptocurrency A Buy?
Several short-term signals are positive, despite the cryptocurrency being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for cryptocurrency to perform well in the short-term. We have upgraded our analysis conclusion for this cryptocurrency since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.251 Buy Candidate Upgraded
Predicted Opening Price for GLOBAL DIGITAL CLUSTER COIN USD of Sunday, May 19, 2024
| Fair opening price May 19, 2024 | Current price |
|---|---|
| $1.61 ( 0.82%) | $1.62 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GDCCUSD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.67 | 2.88 % | |
| R2 | 1.64 | 1.47 % | ||
| R1 | 1.63 | 0.592 % | ||
| Current price: | 1.62 | |||
| Support | S1 | 1.58 | -2.24 % | |
| S2 | 1.57 | -3.11 % | ||
| S3 | 1.55 | -4.53 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.67 | 3.09 % | |
| R2 | 1.65 | 1.85 % | ||
| R1 | 1.64 | 1.23 % | ||
| Current price | 1.62 | |||
| Support | S1 | 1.44 | -11.11% | |
| S2 | 1.43 | -11.73% | ||
| S3 | 1.24 | -23.46% |
FAQ
Click here for our free guide on how to buy GLOBAL DIGITAL CLUSTER COIN USD Cryptocurrency.
