Graphene 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
Big movements in Graphene USD cryptocurrency price on Saturday moving 504.82% between high and low
(Updated on May 18, 2024)
The Graphene USD cryptocurrency price gained 504.82% on the last trading day (Saturday, 18th May 2024), rising from $0.000083 to $0.0005. During the last trading day the cryptocurrency fluctuated 504.82% from a day low at $0.000083 to a day high of $0.0005. The price has risen in 5 of the last 10 days and is up by 314.88% over the past 2 weeks.
The cryptocurrency lies the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $0.0005 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the cryptocurrency is expected to fall -13.80% during the next 3 months and, with a 90% probability hold a price between $0.00003592 and $0.0004 at the end of this 3-month period. 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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GFNUSD Signals & Forecast
The Graphene USD cryptocurrency holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the cryptocurrency has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $0.0001 and $0.0002. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, May 17, 2024, and so far it has risen 504.82%. 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. 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 Graphene USD cryptocurrency
On the downside, the cryptocurrency finds support just below today's level from accumulated volume at $0.0004 and $0.0004. 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, Graphene USD finds support just below today's level at $0.0004. If this is broken, then the next support from accumulated volume will be at $0.0004 and $0.0004.
In general the cryptocurrency tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the cryptocurrency During the last day, the cryptocurrency moved $0.0004 between high and low, or 504.82%. For the last week the cryptocurrency has had daily average volatility of 177.17%
Our recommended stop-loss: $0.0005 (-3.20%) (This cryptocurrency has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 1 day ago.)
Trading Expectations (GFNUSD) For The Upcoming Trading Day Of Sunday 19th
For the upcoming trading day on Sunday, 19th we expect Graphene USD to open at $0.0004, and during the day (based on 14 day Average True Range), to move between $0.0004 and $0.0006, which gives a possible trading interval of +/-$0.0001 (+/-26.05%) up or down from last closing price. If Graphene USD takes out the full calculated possible swing range there will be an estimated 52.10% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0005 (4.98%) than the support at $0.0004 (11.55%), 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 Graphene USD cryptocurrency A Buy?
Graphene USD holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Graphene USD of Sunday, May 19, 2024
| Fair opening price May 19, 2024 | Current price |
|---|---|
| $0.0004 ( 27.82%) | $0.0005 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GFNUSD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0008 | 55.64 % | |
| R2 | 0.0006 | 23.76 % | ||
| R1 | 0.0005 | 4.06 % | ||
| Current price: | 0.0005 | |||
| Support | S1 | 0.0002 | -59.71 % | |
| S2 | 0.0001 | -79.40 % | ||
| S3 | -0.00005667 | -111.29 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0006 | 15.77 % | |
| R2 | 0.0006 | 13.15 % | ||
| R1 | 0.0005 | 4.98 % | ||
| Current price | 0.0005 | |||
| Support | S1 | 0.0004 | -11.55% | |
| S2 | 0.0004 | -12.55% | ||
| S3 | 0.0004 | -12.95% |
FAQ
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