GAMETREE 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
Volatile ride for GAMETREE USD cryptocurrency price on Saturday moving between $0.0002 and $0.0002
(Updated on Jun 29, 2024)
The GAMETREE USD cryptocurrency price gained 0.518% on the last trading day (Saturday, 29th Jun 2024), rising from $0.0002 to $0.0002. During the last trading day the cryptocurrency fluctuated 25.91% from a day low at $0.0002 to a day high of $0.0002. The price has been going up and down for this period, and there has been a 61.67% gain for the last 2 weeks. Volume fell on the last day by -9 thousand shares and in total, 89 thousand shares were bought and sold for approximately $17.21 . 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 cryptocurrencyhas broken the very wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is $0.0002, a level that may pose a second chance to hit a runner. According to fan-theory $0.0003 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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GTCOINUSD Signals & Forecast
A buy signal was issued from a pivot bottom point on Sunday, June 23, 2024, and so far it has risen 94.00%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The GAMETREE USD cryptocurrency holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the cryptocurrency giving a more negative forecast for the stock. On further gains, the cryptocurrency will meet resistance from the long-term Moving Average at $0.0002. On a fall, the cryptocurrency will find some support from the short-term average at $0.0001. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. 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.
A buy signal from a double bottom formation was found on Sunday, June 23, 2024 and based on theory for this formation the price should go up by 27.84% to $0.0002 within 3 trading days since signal was issued (Wednesday, June 26, 2024).
Support, Risk & Stop-loss for GAMETREE USD cryptocurrency
GAMETREE USD finds support from accumulated volume at $0.0002 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 $0.00005 between high and low, or 25.91%. For the last week the cryptocurrency has had daily average volatility of 42.05%.
Our recommended stop-loss: $0.0002 (-3.34%) (This cryptocurrency has very high daily movements and this gives very high risk. There is a buy signal from a pivot bottom found 8 days ago.)
Trading Expectations (GTCOINUSD) For The Upcoming Trading Day Of Sunday 30th
For the upcoming trading day on Sunday, 30th we expect GAMETREE USD to open at $0.0002, and during the day (based on 14 day Average True Range), to move between $0.0002 and $0.0002, which gives a possible trading interval of +/-$0.00004193 (+/-21.61%) up or down from last closing price. If GAMETREE USD takes out the full calculated possible swing range there will be an estimated 43.23% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0002 (0.52%) than the resistance at $0.0002 (7.22%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is GAMETREE USD cryptocurrency A Buy?
GAMETREE 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. We have upgraded our analysis conclusion for this cryptocurrency since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.910 Hold/Accumulate Upgraded
Predicted Opening Price for GAMETREE USD of Sunday, June 30, 2024
| Fair opening price June 30, 2024 | Current price |
|---|---|
| $0.0002 ( 8.25%) | $0.0002 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GTCOINUSD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0003 | 34.02% |
| R2 | 0.0002 | 24.18% |
| R1 | 0.0002 | 18.09% |
| Price | 0.0002 | |
| S1 | 0.0002 | -1.60% |
| S2 | 0.0002 | -7.68% |
| S3 | 0.0002 | -17.53% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0002 | 23.71% |
| R2 | 0.0002 | 8.76% |
| R1 | 0.0002 | 7.22% |
| Price | 0.0002 | |
| S1 | 0.0002 | -0.515% |
| S2 | 0.0002 | -20.10% |
| S3 | 0.0002 | -22.16% |
FAQ
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