LunaFi 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
LunaFi USD cryptocurrency price down 1.90% on Saturday
(Updated on Jun 08, 2024)
The LunaFi USD cryptocurrency price fell by -1.90% on the last day (Saturday, 8th Jun 2024) from $0.00001 to $0.00000981. During the last trading day the cryptocurrency fluctuated 4.08% from a day low at $0.0000098 to a day high of $0.0000102. The price has been going up and down for this period, and there has been a -1.9% loss for the last 2 weeks. Volume has increased on the last day by 2 shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 2 shares were bought and sold for approximately $0.00001962 .
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 $0.00000992 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 -42.46% during the next 3 months and, with a 90% probability hold a price between $0.00000334 and $0.00000571 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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LFIUSD Signals & Forecast
The LunaFi 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 $0.00000997. On a fall, the cryptocurrency will find some support from the long-term average at approximately $0.00000928. 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. A buy signal was issued from a pivot bottom point on Saturday, May 11, 2024, and so far it has risen 22.63%. 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). LunaFi USD gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for LunaFi USD cryptocurrency
On the downside, the cryptocurrency finds support just below today's level from accumulated volume at $0.000009 and $0.000008. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $0.000008 may give a huge drop in the cryptocurrency price.
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 $0.0000004 between high and low, or 4.08%. For the last week, the cryptocurrency has had daily average volatility of 0.82%.
Our recommended stop-loss: $0.00000952 (-3.00%) (This cryptocurrency has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 81 days ago.)
Trading Expectations (LFIUSD) For The Upcoming Trading Day Of Sunday 9th
For the upcoming trading day on Sunday, 9th we expect LunaFi USD to open at $0.00000994, and during the day (based on 14 day Average True Range), to move between $0.00000971 and $0.00000991, which gives a possible trading interval of +/-$0.00000010 (+/-1.00%) up or down from last closing price. If LunaFi USD takes out the full calculated possible swing range there will be an estimated 2.00% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.00001 (1.94%) than the support at $0.000009 (8.26%), 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 LunaFi USD cryptocurrency A Buy?
LunaFi 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.
Current score: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for LunaFi USD of Sunday, June 9, 2024
| Fair opening price June 9, 2024 | Current price |
|---|---|
| $0.00000994 ( 1.29%) | $0.00000981 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LFIUSD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.00001034 | 5.37% |
| R2 | 0.00001018 | 3.81% |
| R1 | 0.00001009 | 2.85% |
| Price | 0.00000981 | |
| S1 | 0.00000978 | -0.266% |
| S2 | 0.00000969 | -1.23% |
| S3 | 0.00000954 | -2.79% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0.000012 | 22.32% |
| R1 | 0.00001 | 1.94% |
| Price | 0.00000981 | |
| S1 | 0.000009 | -8.26% |
| S2 | 0.000008 | -18.45% |
| S3 | 0 | - |
FAQ
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