Liquid Staking Derivatives 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
Big movements in Liquid Staking Derivatives USD cryptocurrency price on Sunday moving 52.67% between high and low
(Updated on May 19, 2024)
The Liquid Staking Derivatives USD cryptocurrency price fell by -22.53% on the last day (Sunday, 19th May 2024) from $0.0393 to $0.0304. During the last trading day the cryptocurrency fluctuated 52.67% from a day low at $0.0275 to a day high of $0.0420. The price has risen in 6 of the last 10 days and is up by 112.59% over the past 2 weeks. Volume has increased on the last day by 31 thousand 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, 83 thousand shares were bought and sold for approximately $2.53 thousand.
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 -22.63% during the next 3 months and, with a 90% probability hold a price between $0.0083 and $0.0303 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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LSDUSD Signals & Forecast
The Liquid Staking Derivatives USD cryptocurrency holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $0.0205 and $0.0170. A breakdown below any of these levels will issue sell signals. 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 Saturday, May 18, 2024, and so far it has fallen -22.53%. Further fall is indicated until a new bottom pivot has been found. Liquid Staking Derivatives 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 Liquid Staking Derivatives USD cryptocurrency
Liquid Staking Derivatives USD finds support from accumulated volume at $0.0294 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 a very large prediction interval from the Bollinger Band this cryptocurrency is considered to be "very high risk". During the last day, the cryptocurrency moved $0.0145 between high and low, or 52.67%. For the last week, the cryptocurrency has had daily average volatility of 130.78%.
Our recommended stop-loss: $0.0290 (-4.64%) (This cryptocurrency has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (LSDUSD) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Liquid Staking Derivatives USD to open at $0.0333, and during the day (based on 14 day Average True Range), to move between $0.0214 and $0.0395, which gives a possible trading interval of +/-$0.0090 (+/-29.72%) up or down from last closing price. If Liquid Staking Derivatives USD takes out the full calculated possible swing range there will be an estimated 59.43% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0294 (3.26%) than the resistance at $0.0316 (3.80%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Liquid Staking Derivatives USD cryptocurrency A Buy?
Liquid Staking Derivatives 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this cryptocurrency since the last evaluation from a Strong Buy to a Hold/Accumulate candidate.
Current score: 0.327 Hold/Accumulate Downgraded
Predicted Opening Price for Liquid Staking Derivatives USD of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| $0.0333 ( 9.47%) | $0.0304 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LSDUSD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0478 | 57.08 % | |
| R2 | 0.0423 | 38.90 % | ||
| R1 | 0.0388 | 27.66 % | ||
| Current price: | 0.0304 | |||
| Support | S1 | 0.0278 | -8.72 % | |
| S2 | 0.0244 | -19.95 % | ||
| S3 | 0.0188 | -38.14 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0.0316 | 3.80 % | ||
| Current price | 0.0304 | |||
| Support | S1 | 0.0294 | -3.26% | |
| S2 | 0.0267 | -12.22% | ||
| S3 | 0.0234 | -23.24% |
FAQ
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