HedgeTrade / US Dollar 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
HedgeTrade / US Dollar cryptocurrency upgraded to Buy Candidate.
(Updated on May 18, 2024)
The HedgeTrade / US Dollar cryptocurrency price fell by -0.0394% on the last day (Saturday, 18th May 2024) from $0.0279 to $0.0279. During the last trading day the cryptocurrency fluctuated 0.0753% from a day low at $0.0279 to a day high of $0.0279. The price has risen in 6 of the last 10 days and is up by 236.29% over the past 2 weeks.
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 $0.0279, a level that may pose a second chance to hit a runner. According to fan-theory $0.0496 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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HEDGUSD Signals & Forecast
The HedgeTrade / US Dollar 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 $0.0279 and $0.0149. A breakdown below any of these levels will issue sell signals. 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 Thursday, May 16, 2024, and so far it has fallen -0.0501%. 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 HedgeTrade / US Dollar cryptocurrency
On the downside, the cryptocurrency finds support just below today's level from accumulated volume at $0.0220 and $0.0220. 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, HedgeTrade / US Dollar finds support just below today's level at $0.0220. If this is broken, then the next support from accumulated volume will be at $0.0220 and $0.0220.
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 $0.000021 between high and low, or 0.0753%. For the last week the cryptocurrency has had daily average volatility of 0.0940%.
The HedgeTrade / US Dollar cryptocurrency is extremely overbought on RSI14 (100). Normally this may pose a good selling opportunity but since the cryptocurrency has broken the trend up, the chance for a major correction due to high RSI is very small as the cryptocurrency will find support at the trend broken.
Our recommended stop-loss: $0.0271 (-3.02%) (This cryptocurrency has very high daily movements and this gives very high risk. The RSI14 is 100 and this increases the risk substantially. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (HEDGUSD) For The Upcoming Trading Day Of Sunday 19th
For the upcoming trading day on Sunday, 19th we expect HedgeTrade / US Dollar to open at $0.0279, and during the day (based on 14 day Average True Range), to move between $0.0266 and $0.0292, which gives a possible trading interval of +/-$0.0013 (+/-4.69%) up or down from last closing price. If HedgeTrade / US Dollar takes out the full calculated possible swing range there will be an estimated 9.38% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0279 (0.04%) than the support at $0.0220 (21.09%), 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 HedgeTrade / US Dollar cryptocurrency A Buy?
Several short-term signals are positive and the break-up from the falling trend indicates a possible shift for a trend. We believe that the prices around the breaking point will indicate particularly good levels, but we also believe that the current level will hold a possible good buy level for the short-term period. We have upgraded our analysis conclusion for this cryptocurrency since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 3.000 Buy Candidate Upgraded
Predicted Opening Price for HedgeTrade / US Dollar of Sunday, May 19, 2024
| Fair opening price May 19, 2024 | Current price |
|---|---|
| $0.0279 ( 0.0203%) | $0.0279 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HEDGUSD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0279 | 0.0956 % | |
| R2 | 0.0279 | 0.0668 % | ||
| R1 | 0.0279 | 0.0491 % | ||
| Current price: | 0.0279 | |||
| Support | S1 | 0.0279 | -0.0084 % | |
| S2 | 0.0279 | -0.0262 % | ||
| S3 | 0.0279 | -0.0549 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0.0279 | 0.0502 % | ||
| R1 | 0.0279 | 0.0394 % | ||
| Current price | 0.0279 | |||
| Support | S1 | 0.0220 | -21.09% | |
| S2 | 0.0220 | -21.10% | ||
| S3 | 0.0220 | -21.11% |
FAQ
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