Misbloc / 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
Misbloc / US Dollar cryptocurrency upgraded from Hold/Accumulate to Buy Candidate after Saturday trading session.
(Updated on May 04, 2024)
No changes to the price of Misbloc / US Dollar cryptocurrency on the last trading day (Saturday, 4th May 2024). During the last trading day the cryptocurrency fluctuated 3.30% from a day low at $0.0010 to a day high of $0.0010. The price has fallen in 5 of the last 10 days but is still up by 149.63% over the past 2 weeks.
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 $0.0012 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 -11.54% during the next 3 months and, with a 90% probability hold a price between $0.0003 and $0.0010 at the end of this 3-month period.
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MSBUSD Signals & Forecast
The Misbloc / US Dollar 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 $0.0007 and $0.0005. 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 Thursday, May 02, 2024, and so far it has fallen -13.48%. Further fall is indicated until a new bottom pivot has been found. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Misbloc / US Dollar cryptocurrency
On the downside, the cryptocurrency finds support just below today's level from accumulated volume at $0.0008 and $0.0008. 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, Misbloc / US Dollar finds support just below today's level at $0.0008. If this is broken, then the next support from accumulated volume will be at $0.0008 and $0.0008.
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 $0.000033 between high and low, or 3.30%. For the last week the cryptocurrency has had daily average volatility of 73.80%.
Our recommended stop-loss: $0.0009 (-5.48%) (This cryptocurrency has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (MSBUSD) For The Upcoming Trading Day Of Sunday 5th
For the upcoming trading day on Sunday, 5th we expect Misbloc / US Dollar to open at $0.0010, and during the day (based on 14 day Average True Range), to move between $0.0009 and $0.0012, which gives a possible trading interval of +/-$0.0002 (+/-15.01%) up or down from last closing price. If Misbloc / US Dollar takes out the full calculated possible swing range there will be an estimated 30.02% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0012 (15.58%) than the support at $0.0008 (21.88%), 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 Misbloc / US Dollar cryptocurrency A Buy?
Several short-term signals are positive, despite the cryptocurrency being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for cryptocurrency to perform well in the short-term. We have upgraded our analysis conclusion for this cryptocurrency since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.670 Buy Candidate Upgraded
Predicted Opening Price for Misbloc / US Dollar of Sunday, May 5, 2024
| Fair opening price May 5, 2024 | Current price |
|---|---|
| $0.0010 ( 1.10%) | $0.0010 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MSBUSD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0010 | 4.40 % | |
| R2 | 0.0010 | 3.14 % | ||
| R1 | 0.0010 | 2.36 % | ||
| Current price: | 0.0010 | |||
| Support | S1 | 0.0010 | -0.160 % | |
| S2 | 0.0010 | -0.94 % | ||
| S3 | 0.0010 | -2.20 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0.0012 | 15.58 % | ||
| Current price | 0.0010 | |||
| Support | S1 | 0.0008 | -21.88% | |
| S2 | 0.0008 | -22.38% | ||
| S3 | 0.0008 | -23.98% |
FAQ
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