GemUni 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
GemUni USD cryptocurrency price fell more than -22.36% Monday closing at $0.00000434
(Updated on May 20, 2024)
The GemUni USD cryptocurrency price fell by -22.36% on the last day (Monday, 20th May 2024) from $0.00000559 to $0.00000434. It has now fallen 4 days in a row. During the last trading day the cryptocurrency fluctuated 0% from a day low at $0.00000434 to a day high of $0.00000434. The price has fallen in 6 of the last 10 days and is down by -27.18% for this period. Volume has increased on the last day by 3 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 3 thousand shares were bought and sold for approximately $0.0139 .
Given the current short-term trend, the cryptocurrency is expected to rise 5.59% during the next 3 months and, with a 90% probability hold a price between $0.00000458 and $0.00000860 at the end of this 3-month period.
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GENIUSD Signals & Forecast
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. The GemUni 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 $0.00000635 and $0.00000655. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, March 05, 2024, and so far it has fallen -44.22%. Further fall is indicated until a new bottom pivot has been found. GemUni USD gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for GemUni USD cryptocurrency
There is no support from accumulated volume below today's level and given the right condition the cryptocurrency may perform very badly in the next couple of days.
This cryptocurrency may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this cryptocurrency is considered to be "very high risk". During the last day, the cryptocurrency moved $0 between high and low, or 0%. For the last week, the cryptocurrency has had daily average volatility of 5.64%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (GENIUSD) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect GemUni USD to open at $0.00000434, and during the day (based on 14 day Average True Range), to move between $0.00000343 and $0.00000525, which gives a possible trading interval of +/-$0.00000091 (+/-20.96%) up or down from last closing price. If GemUni USD takes out the full calculated possible swing range there will be an estimated 41.91% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $0.00000474, some $0.0000004 (9.22%) from the current price of $0.00000434, our system finds the risk reward not very attractive.
Is GemUni USD cryptocurrency A Buy?
The GemUni USD cryptocurrency holds several negative signals and despite the positive trend, we believe GemUni USD will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this cryptocurrency.
Current score: -3.625 Sell Candidate Unchanged
Predicted Opening Price for GemUni USD of Tuesday, May 21, 2024
| Fair opening price May 21, 2024 | Current price |
|---|---|
| $0.00000434 ( 0%) | $0.00000434 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GENIUSD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.00000434 | . | |
| R2 | 0.00000434 | . | ||
| R1 | 0.00000434 | . | ||
| Current price: | 0.00000434 | |||
| Support | S1 | 0.00000434 | . | |
| S2 | 0.00000434 | . | ||
| S3 | 0.00000434 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.00000498 | 14.75 % | |
| R2 | 0.0000048 | 10.60 % | ||
| R1 | 0.00000474 | 9.22 % | ||
| Current price | 0.00000434 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
FAQ
Click here for our free guide on how to buy GemUni USD Cryptocurrency.
