NADA Protocol Token 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
Volatile ride for NADA Protocol Token USD cryptocurrency price on Sunday moving between $0.0064 and $0.0077
(Updated on May 12, 2024)
The NADA Protocol Token USD cryptocurrency price fell by -0.482% on the last day (Sunday, 12th May 2024) from $0.0064 to $0.0064. During the last trading day the cryptocurrency fluctuated 21.21% from a day low at $0.0064 to a day high of $0.0077. The price has been going up and down for this period, and there has been a -2.82% 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 -4 million shares and in total, 7 million shares were bought and sold for approximately $43.13 thousand.
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 $0.0030 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the cryptocurrency is expected to fall -47.99% during the next 3 months and, with a 90% probability hold a price between $0.0016 and $0.0127 at the end of this 3-month period.
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NADAUSD Signals & Forecast
There are mixed signals in the cryptocurrency today. The NADA Protocol Token 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 $0.0071 and $0.0084. A break-up above any of these levels will issue buy signals. 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 buy signal was issued from a pivot bottom point on Tuesday, April 30, 2024, and so far it has risen 6.49%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for NADA Protocol Token USD cryptocurrency
On the downside, the cryptocurrency finds support just below today's level from accumulated volume at $0.0060. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $ may give a huge drop in the cryptocurrency price.
This cryptocurrency may move much during the day (volatility) and with periodic low trading volume this cryptocurrency is considered to be "high risk". During the last day, the cryptocurrency moved $0.0013 between high and low, or 21.21%. For the last week the cryptocurrency has had daily average volatility of 24.25%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (NADAUSD) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect NADA Protocol Token USD to open at $0.0068, and during the day (based on 14 day Average True Range), to move between $0.0045 and $0.0083, which gives a possible trading interval of +/-$0.0019 (+/-29.52%) up or down from last closing price. If NADA Protocol Token USD takes out the full calculated possible swing range there will be an estimated 59.04% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0060 (6.09%) than the resistance at $0.0074 (15.41%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is NADA Protocol Token USD cryptocurrency A Buy?
NADA Protocol Token USD holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this cryptocurrency. We have upgraded our analysis conclusion for this cryptocurrency since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -4.522 Sell Candidate Upgraded
Predicted Opening Price for NADA Protocol Token USD of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| $0.0068 ( 6.51%) | $0.0064 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NADAUSD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0082 | 27.56 % | |
| R2 | 0.0077 | 19.52 % | ||
| R1 | 0.0073 | 14.55 % | ||
| Current price: | 0.0064 | |||
| Support | S1 | 0.0063 | -1.53 % | |
| S2 | 0.0060 | -6.50 % | ||
| S3 | 0.0055 | -14.55 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0078 | 22.55 % | |
| R2 | 0.0075 | 17.15 % | ||
| R1 | 0.0074 | 15.41 % | ||
| Current price | 0.0064 | |||
| Support | S1 | 0.0060 | -6.09% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
FAQ
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