Jasmy / 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
Stronger technical forecast for Jasmy / US Dollar cryptocurrency price after Monday trading.
(Updated on May 20, 2024)
The Jasmy / US Dollar cryptocurrency price fell by -0.102% on the last day (Monday, 20th May 2024) from $0.0197 to $0.0196. It has now fallen 3 days in a row. During the last trading day the cryptocurrency fluctuated 7.28% from a day low at $0.0196 to a day high of $0.0210. The price has fallen in 5 of the last 10 days but is still up by 3.26% over the past 2 weeks. Volume fell on the last day along with the cryptocurrency, which is actually a good sign as volume should follow the cryptocurrency. On the last day, the trading volume fell by -37 million shares and in total, 9 million shares were bought and sold for approximately $173.95 thousand.
The cryptocurrency is moving within a very wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Jasmy / US Dollar cryptocurrency with a 90% probability to be traded between $0.0116 and $0.0235 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and cryptocurrencies seldom manage to go directly from the bottom of a trend up to the top. Cryptocurrencies turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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JASMYUSD Signals & Forecast
The Jasmy / US Dollar 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 $0.0197. On a fall, the cryptocurrency will find some support from the long-term average at approximately $0.0189. 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 Monday, March 04, 2024, and so far it has fallen -15.85%. 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.
Support, Risk & Stop-loss for Jasmy / US Dollar cryptocurrency
On the downside, the cryptocurrency finds support just below today's level from accumulated volume at $0.0164 and $0.0155. 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, Jasmy / US Dollar finds support just below today's level at $0.0164. If this is broken, then the next support from accumulated volume will be at $0.0155 and $0.0154.
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 $0.0014 between high and low, or 7.28%. For the last week the cryptocurrency has had daily average volatility of 5.92%.
Our recommended stop-loss: $0.0184 (-6.08%) (This cryptocurrency has high daily movements and this gives high risk. There is a sell signal from a pivot top found 114 days ago.)
Trading Expectations (JASMYUSD) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect Jasmy / US Dollar to open at $0.0201, and during the day (based on 14 day Average True Range), to move between $0.0180 and $0.0213, which gives a possible trading interval of +/-$0.0017 (+/-8.56%) up or down from last closing price. If Jasmy / US Dollar takes out the full calculated possible swing range there will be an estimated 17.12% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0202 (2.60%) than the support at $0.0164 (16.55%), 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 Jasmy / US Dollar cryptocurrency A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Jasmy / US Dollar cryptocurrency to perform well in 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: 2.508 Buy Candidate Upgraded
Predicted Opening Price for Jasmy / US Dollar of Tuesday, May 21, 2024
| Fair opening price May 21, 2024 | Current price |
|---|---|
| $0.0201 ( 2.28%) | $0.0196 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for JASMYUSD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0215 | 9.55 % | |
| R2 | 0.0210 | 6.77 % | ||
| R1 | 0.0206 | 5.06 % | ||
| Current price: | 0.0196 | |||
| Support | S1 | 0.0195 | -0.489 % | |
| S2 | 0.0192 | -2.20 % | ||
| S3 | 0.0187 | -4.98 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0232 | 18.18 % | |
| R2 | 0.0208 | 5.86 % | ||
| R1 | 0.0202 | 2.60 % | ||
| Current price | 0.0196 | |||
| Support | S1 | 0.0164 | -16.55% | |
| S2 | 0.0155 | -21.28% | ||
| S3 | 0.0154 | -21.69% |
FAQ
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