Investin 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
Investin USD cryptocurrency price ended at $0.344 on Sunday, after gaining 4.09%.
(Updated on Jun 16, 2024)
The Investin USD cryptocurrency price gained 4.09% on the last trading day (Sunday, 16th Jun 2024), rising from $0.330 to $0.344. During the last trading day the cryptocurrency fluctuated 4.84% from a day low at $0.328 to a day high of $0.344. The price has fallen in 6 of the last 10 days and is down by -11.78% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 256 more shares were traded than the day before. In total, 606 shares were bought and sold for approximately $208.34 .
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 -12.79% during the next 3 months and, with a 90% probability hold a price between $0.198 and $0.346 at the end of this 3-month period.
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IVNUSD Signals & Forecast
Investin USD has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Investin USD cryptocurrency holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $0.349 and $0.371. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, May 22, 2024, and so far it has fallen -16.67%. 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).
Support, Risk & Stop-loss for Investin USD cryptocurrency
Investin USD finds support from accumulated volume at $0.336 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This cryptocurrency has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the cryptocurrency moved $0.0159 between high and low, or 4.84%. For the last week, the cryptocurrency has had daily average volatility of 4.05%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (IVNUSD) For The Upcoming Trading Day Of Monday 17th
For the upcoming trading day on Monday, 17th we expect Investin USD to open at $0.339, and during the day (based on 14 day Average True Range), to move between $0.330 and $0.358, which gives a possible trading interval of +/-$0.0140 (+/-4.06%) up or down from last closing price. If Investin USD takes out the full calculated possible swing range there will be an estimated 8.12% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.336 (2.14%) than the resistance at $0.377 (9.58%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Investin USD cryptocurrency A Buy?
Investin USD holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this cryptocurrency.
Current score: -4.231 Sell Candidate Unchanged
Predicted Opening Price for Investin USD of Monday, June 17, 2024
| Fair opening price June 17, 2024 | Current price |
|---|---|
| $0.339 ( 1.54%) | $0.344 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IVNUSD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.354 | 3.08% |
| R2 | 0.348 | 1.31% |
| R1 | 0.345 | 0.225% |
| Price | 0.344 | |
| S1 | 0.332 | -3.30% |
| S2 | 0.329 | -4.39% |
| S3 | 0.323 | -6.15% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.411 | 19.55% |
| R2 | 0.400 | 16.30% |
| R1 | 0.377 | 9.58% |
| Price | 0.344 | |
| S1 | 0.336 | -2.14% |
| S2 | 0.322 | -6.20% |
| S3 | 0.309 | -10.07% |
FAQ
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