Popsicle Finance 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
Popsicle Finance USD cryptocurrency upgraded to Buy Candidate.
(Updated on Jun 01, 2024)
The Popsicle Finance USD cryptocurrency price gained 0.170% on the last trading day (Saturday, 1st Jun 2024), rising from $0.0047 to $0.0047. During the last trading day the cryptocurrency fluctuated 2.34% from a day low at $0.0047 to a day high of $0.0048. The price has fallen in 5 of the last 10 days and is down by -2.93% for this period. Volume fell on the last day by -232 thousand shares and in total, 163 thousand shares were bought and sold for approximately $767.80 . 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 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 $0.0049 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 -10.11% during the next 3 months and, with a 90% probability hold a price between $0.0012 and $0.0044 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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ICEUSD Signals & Forecast
A sell signal was issued from a pivot top point on Thursday, May 30, 2024, and so far it has fallen -3.72%. Further fall is indicated until a new bottom pivot has been found. 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. Some positive signals were issued as well, and these may have some influence on the near short-term development. The Popsicle Finance USD cryptocurrency holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the cryptocurrency giving a positive forecast for the stock. On further gains, the cryptocurrency will meet resistance from the short-term Moving Average at approximately $0.0047. On a fall, the cryptocurrency will find some support from the long-term average at approximately $0.0046. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal.
Support, Risk & Stop-loss for Popsicle Finance USD cryptocurrency
Popsicle Finance USD finds support from accumulated volume at $0.0046 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 $0.0001 between high and low, or 2.34%. For the last week the cryptocurrency has had daily average volatility of 4.20%.
Our recommended stop-loss: $0.0045 (-4.49%) (This cryptocurrency has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 7 days ago.)
Trading Expectations (ICEUSD) For The Upcoming Trading Day Of Sunday 2nd
For the upcoming trading day on Sunday, 2nd we expect Popsicle Finance USD to open at $0.0047, and during the day (based on 14 day Average True Range), to move between -$0.0022 and $0.0116, which gives a possible trading interval of +/-$0.0069 (+/-146.90%) up or down from last closing price. If Popsicle Finance USD takes out the full calculated possible swing range there will be an estimated 293.80% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0047 (0.76%) than the support at $0.0046 (3.35%), 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 Popsicle Finance USD cryptocurrency A Buy?
The cryptocurrency is within a very wide and falling trend and holds several negative signals that may affect the cryptocurrency in the short-term. However, we believe that today's you should hold a possible buying opportunity and expect the price to be higher at the end of the 3-month period. The careful investor would await further signals. We have upgraded our analysis conclusion for this cryptocurrency since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.189 Buy Candidate Upgraded
Predicted Opening Price for Popsicle Finance USD of Sunday, June 2, 2024
| Fair opening price June 2, 2024 | Current price |
|---|---|
| $0.0047 ( 0.106%) | $0.0047 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ICEUSD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0048 | 2.42 % | |
| R2 | 0.0048 | 1.54 % | ||
| R1 | 0.0048 | 0.99 % | ||
| Current price: | 0.0047 | |||
| Support | S1 | 0.0047 | -0.778 % | |
| S2 | 0.0046 | -1.32 % | ||
| S3 | 0.0046 | -2.21 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0058 | 22.74 % | |
| R2 | 0.0050 | 5.44 % | ||
| R1 | 0.0047 | 0.764 % | ||
| Current price | 0.0047 | |||
| Support | S1 | 0.0046 | -3.35% | |
| S2 | 0.0045 | -4.03% | ||
| S3 | 0.0044 | -7.11% |
FAQ
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