Chihuahua 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 Chihuahua USD cryptocurrency price on Saturday moving between $0.0001 and $0.0001
(Updated on May 18, 2024)
The Chihuahua USD cryptocurrency price gained 3.25% on the last trading day (Saturday, 18th May 2024), rising from $0.0001 to $0.0001. During the last trading day the cryptocurrency fluctuated 12.50% from a day low at $0.0001 to a day high of $0.0001. The price has fallen in 5 of the last 10 days but is still up by 1.6% over the past 2 weeks. Volume fell on the last day by -11 thousand shares and in total, 201 thousand shares were bought and sold for approximately $25.48 . 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 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 -42.95% during the next 3 months and, with a 90% probability hold a price between $0.00004585 and $0.0001 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
HUAHUAUSD Signals & Forecast
The Chihuahua 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 $0.0001. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, May 14, 2024, and so far it has risen 27.00%. 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 Chihuahua USD cryptocurrency
Chihuahua USD finds support from accumulated volume at $0.0001 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 periodic low trading volume this cryptocurrency is considered to be "high risk". During the last day, the cryptocurrency moved $0.000015 between high and low, or 12.50%. For the last week the cryptocurrency has had daily average volatility of 13.54%.
Our recommended stop-loss: $0.0001 (-3.40%) (This cryptocurrency has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 4 days ago.)
Trading Expectations (HUAHUAUSD) For The Upcoming Trading Day Of Sunday 19th
For the upcoming trading day on Sunday, 19th we expect Chihuahua USD to open at $0.0001, and during the day (based on 14 day Average True Range), to move between $0.0001 and $0.0001, which gives a possible trading interval of +/-$0.00001123 (+/-8.84%) up or down from last closing price. If Chihuahua USD takes out the full calculated possible swing range there will be an estimated 17.68% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0001 (1.57%) than the resistance at $0.0001 (2.36%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Chihuahua USD cryptocurrency A Buy?
Several short-term signals are positive, despite the cryptocurrency being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for cryptocurrency to perform well in the short-term. We have upgraded our analysis conclusion for this cryptocurrency since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 2.839 Buy Candidate Upgraded
Predicted Opening Price for Chihuahua USD of Sunday, May 19, 2024
| Fair opening price May 19, 2024 | Current price |
|---|---|
| $0.0001 ( 0.262%) | $0.0001 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HUAHUAUSD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0001 | 12.07 % | |
| R2 | 0.0001 | 7.56 % | ||
| R1 | 0.0001 | 4.77 % | ||
| Current price: | 0.0001 | |||
| Support | S1 | 0.0001 | -4.25 % | |
| S2 | 0.0001 | -7.04 % | ||
| S3 | 0.0001 | -11.55 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0001 | 15.75 % | |
| R2 | 0.0001 | 12.60 % | ||
| R1 | 0.0001 | 2.36 % | ||
| Current price | 0.0001 | |||
| Support | S1 | 0.0001 | -1.57% | |
| S2 | 0.0001 | -6.30% | ||
| S3 | 0.0001 | -12.60% |
FAQ
Click here for our free guide on how to buy Chihuahua USD Cryptocurrency.
