Golden Ratio Token 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 Golden Ratio Token cryptocurrency price on Monday moving 10.94% between high and low
(Updated on May 20, 2024)
The Golden Ratio Token cryptocurrency price gained 5.73% on the last trading day (Monday, 20th May 2024), rising from $0.313 to $0.331. During the last trading day the cryptocurrency fluctuated 10.94% from a day low at $0.299 to a day high of $0.332. The price has risen in 5 of the last 10 days and is up by 14.04% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 133 million more shares were traded than the day before. In total, 143 million shares were bought and sold for approximately $47.40 million.
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. Given the current short-term trend, the cryptocurrency is expected to fall -19.07% during the next 3 months and, with a 90% probability hold a price between $0.176 and $0.300 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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GRTUSD Signals & Forecast
Mostly positive signals in the chart today. The Golden Ratio Token cryptocurrency holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $0.293 and $0.276. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, May 01, 2024, and so far it has risen 39.86%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Golden Ratio Token cryptocurrency
Golden Ratio Token finds support from accumulated volume at $0.326 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 much during the day (volatility) and with a large prediction interval from the Bollinger Band this cryptocurrency is considered to be "high risk". During the last day, the cryptocurrency moved $0.0327 between high and low, or 10.94%. For the last week, the cryptocurrency has had daily average volatility of 4.61%.
Our recommended stop-loss: $0.318 (-3.66%) (This cryptocurrency has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 68 days ago.)
Trading Expectations (GRTUSD) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect Golden Ratio Token to open at $0.320, and during the day (based on 14 day Average True Range), to move between $0.306 and $0.355, which gives a possible trading interval of +/-$0.0244 (+/-7.39%) up or down from last closing price. If Golden Ratio Token takes out the full calculated possible swing range there will be an estimated 14.78% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.326 (1.30%) than the resistance at $0.348 (5.26%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Golden Ratio Token cryptocurrency A Buy?
Golden Ratio Token holds several positive signals and despite the cryptocurrency being in a falling trend, we considered it to be a good choice at these current levels. We expect Golden Ratio Token cryptocurrency will perform very well in the next 3 months. We have upgraded our analysis conclusion for this cryptocurrency since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 5.759 Strong Buy Candidate Upgraded
Predicted Opening Price for Golden Ratio Token of Tuesday, May 21, 2024
| Fair opening price May 21, 2024 | Current price |
|---|---|
| $0.320 ( 3.06%) | $0.331 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GRTUSD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.353 | 6.84 % | |
| R2 | 0.341 | 3.06 % | ||
| R1 | 0.333 | 0.724 % | ||
| Current price: | 0.331 | |||
| Support | S1 | 0.308 | -6.84 % | |
| S2 | 0.300 | -9.17 % | ||
| S3 | 0.288 | -12.95 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.401 | 21.39 % | |
| R2 | 0.387 | 17.19 % | ||
| R1 | 0.348 | 5.26 % | ||
| Current price | 0.331 | |||
| Support | S1 | 0.326 | -1.30% | |
| S2 | 0.270 | -18.37% | ||
| S3 | 0.265 | -19.76% |
FAQ
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