PocMon 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
PocMon USD cryptocurrency price down 1.26% on Saturday
(Updated on May 18, 2024)
The PocMon USD cryptocurrency price fell by -1.26% on the last day (Saturday, 18th May 2024) from $0.0644 to $0.0636. During the last trading day the cryptocurrency fluctuated 3.40% from a day low at $0.0629 to a day high of $0.0651. The price has risen in 5 of the last 10 days and is up by 37.1% over the past 2 weeks.
The cryptocurrency lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at -$0.0778 is broken, it will firstly indicate a stronger fall rate. Due to the high volatility and the trend direction we are not able to give forecast range for this stock.
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MONUSD Signals & Forecast
The PocMon 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 $0.0618 and $0.0525. 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 Tuesday, March 19, 2024, and so far it has fallen -97.86%. 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. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for PocMon USD cryptocurrency
PocMon USD finds support from accumulated volume at $0.0631 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 periodic low trading volume this cryptocurrency is considered to be "very high risk". During the last day, the cryptocurrency moved $0.0021 between high and low, or 3.40%. For the last week the cryptocurrency has had daily average volatility of 16.48%.
Our recommended stop-loss: $0.0598 (-6.00%) (This cryptocurrency has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 60 days ago.)
Trading Expectations (MONUSD) For The Upcoming Trading Day Of Sunday 19th
For the upcoming trading day on Sunday, 19th we expect PocMon USD to open at $0.0639, and during the day (based on 14 day Average True Range), to move between -$0.286 and $0.413, which gives a possible trading interval of +/-$0.349 (+/-548.90%) up or down from last closing price. If PocMon USD takes out the full calculated possible swing range there will be an estimated 1 097.81% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0631 (0.80%) than the resistance at $0.0685 (7.67%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is PocMon USD cryptocurrency A Buy?
PocMon 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: -0.049 Hold/Accumulate Unchanged
Predicted Opening Price for PocMon USD of Sunday, May 19, 2024
| Fair opening price May 19, 2024 | Current price |
|---|---|
| $0.0639 ( 0.384%) | $0.0636 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MONUSD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0660 | 3.75 % | |
| R2 | 0.0652 | 2.46 % | ||
| R1 | 0.0647 | 1.67 % | ||
| Current price: | 0.0636 | |||
| Support | S1 | 0.0630 | -0.90 % | |
| S2 | 0.0625 | -1.70 % | ||
| S3 | 0.0617 | -2.98 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0776 | 21.97 % | |
| R2 | 0.0691 | 8.56 % | ||
| R1 | 0.0685 | 7.67 % | ||
| Current price | 0.0636 | |||
| Support | S1 | 0.0631 | -0.797% | |
| S2 | 0.0600 | -5.74% | ||
| S3 | 0.0528 | -16.94% |
FAQ
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