Infinity Skies 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
Stronger technical forecast for Infinity Skies USD cryptocurrency price after Saturday trading.
(Updated on Jun 01, 2024)
The Infinity Skies USD cryptocurrency price gained 4.00% on the last trading day (Saturday, 1st Jun 2024), rising from $0.0042 to $0.0044. During the last trading day the cryptocurrency fluctuated 1.36% from a day low at $0.0043 to a day high of $0.0044. The price has fallen in 5 of the last 10 days and is down by -35.82% for this period. Volume fell on the last day by -3 thousand shares and in total, 10 thousand shares were bought and sold for approximately $43.40 . 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 -2.67% during the next 3 months and, with a 90% probability hold a price between $0.0027 and $0.0066 at the end of this 3-month period.
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ISKYUSD Signals & Forecast
The Infinity Skies 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 $0.0046. On a fall, the cryptocurrency will find some support from the long-term average at approximately $0.0038. 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. 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 Wednesday, May 22, 2024, and so far it has fallen -35.82%. Further fall is indicated until a new bottom pivot has been found. 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 Infinity Skies USD cryptocurrency
On the downside, the cryptocurrency finds support just below today's level from accumulated volume at $0.0041 and $0.0040. 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, Infinity Skies USD finds support just below today's level at $0.0041. If this is broken, then the next support from accumulated volume will be at $0.0040 and $0.0035.
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 $0.000059 between high and low, or 1.36%. For the last week the cryptocurrency has had daily average volatility of 9.82%.
Our recommended stop-loss: $0.0041 (-5.38%) (This cryptocurrency has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 11 days ago.)
Trading Expectations (ISKYUSD) For The Upcoming Trading Day Of Sunday 2nd
For the upcoming trading day on Sunday, 2nd we expect Infinity Skies USD to open at $0.0044, and during the day (based on 14 day Average True Range), to move between $0.0031 and $0.0056, which gives a possible trading interval of +/-$0.0013 (+/-28.87%) up or down from last closing price. If Infinity Skies USD takes out the full calculated possible swing range there will be an estimated 57.75% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0044 (0.98%) than the support at $0.0041 (6.00%), 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 Infinity Skies USD cryptocurrency A Buy?
Infinity Skies 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: 0.122 Hold/Accumulate Upgraded
Predicted Opening Price for Infinity Skies USD of Sunday, June 2, 2024
| Fair opening price June 2, 2024 | Current price |
|---|---|
| $0.0044 ( 0.0229%) | $0.0044 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ISKYUSD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0044 | 1.33 % | |
| R2 | 0.0044 | 0.81 % | ||
| R1 | 0.0044 | 0.493 % | ||
| Current price: | 0.0044 | |||
| Support | S1 | 0.0043 | -0.539 % | |
| S2 | 0.0043 | -0.86 % | ||
| S3 | 0.0043 | -1.37 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0048 | 10.12 % | |
| R2 | 0.0046 | 4.24 % | ||
| R1 | 0.0044 | 0.98 % | ||
| Current price | 0.0044 | |||
| Support | S1 | 0.0041 | -6.00% | |
| S2 | 0.0040 | -7.33% | ||
| S3 | 0.0035 | -20.28% |
FAQ
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