Moonie NFT 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
High volatility in Moonie NFT USD cryptocurrency price on Sunday which ended trading at $0.000001
(Updated on Jun 02, 2024)
The Moonie NFT USD cryptocurrency price fell by -50.00% on the last day (Sunday, 2nd Jun 2024) from $0.000002 to $0.000001. During the last trading day the cryptocurrency fluctuated 100.00% from a day low at $0.000001 to a day high of $0.000002. The price has been going up and down for this period, and there has been a -50% loss for the last 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 -5 shares and in total, 0 shares were bought and sold for approximately $0 .
The cryptocurrency has broken the very wide and strong rising short-term trend down. This signalizes a slower rate of rising, but may also be an early warning about a possible trend shift. Due to the trend being broken there will now be resistance at the bottom line of the trend at $0.00000101. A reaction back to this level may hold a second chance to get out before further falls.
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MNYUSD Signals & Forecast
There are few to no technical positive signals at the moment. The Moonie NFT 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 $0.00000129 and $0.00000137. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Saturday, June 01, 2024, and so far it has fallen -50.00%. 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). 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. The very low volume increases the risk and reduces the other technical signals issued.
A sell signal from a double top formation was found on Saturday, June 01, 2024 and based on theory for this formation the price should fall by -33.33% to $0.00000067 within 3 trading days since signal was issued (Monday, June 03, 2024).
Support, Risk & Stop-loss for Moonie NFT USD cryptocurrency
There is no support from accumulated volume below today's level and given the right condition the cryptocurrency may perform very badly in the next couple of days.
In general the cryptocurrency tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the cryptocurrency During the last day, the cryptocurrency moved $0.000001 between high and low, or 100.00%. For the last week the cryptocurrency has had daily average volatility of 80.00%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (MNYUSD) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect Moonie NFT USD to open at $0.00000133, and during the day (based on 14 day Average True Range), to move between $0.00000042 and $0.00000158, which gives a possible trading interval of +/-$0.00000058 (+/-58.44%) up or down from last closing price. If Moonie NFT USD takes out the full calculated possible swing range there will be an estimated 116.89% move between the lowest and the highest trading price during the day.
Is Moonie NFT USD cryptocurrency A Buy?
The Moonie NFT USD cryptocurrency holds several negative signals and despite the positive trend, we believe Moonie NFT USD will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this cryptocurrency. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this cryptocurrency since the last evaluation from a Buy to a Sell candidate.
Current score: -3.906 Sell Candidate Downgraded
Predicted Opening Price for Moonie NFT USD of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| $0.00000133 ( 33.33%) | $0.000001 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MNYUSD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.00000233 | 133.33 % | |
| R2 | 0.00000195 | 95.13 % | ||
| R1 | 0.00000172 | 71.53 % | ||
| Current price: | 0.000001 | |||
| Support | S1 | 0.00000095 | -4.87 % | |
| S2 | 0.00000072 | -28.47 % | ||
| S3 | 0.00000033 | -66.67 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 0.000001 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
FAQ
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