BigONE Token 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
BigONE Token cryptocurrency price up more than 1,660.89% on Monday
(Updated on Jun 10, 2024)
The BigONE Token cryptocurrency price gained 1,660.89% on the last trading day (Monday, 10th Jun 2024), rising from $0.0010 to $0.0182. During the last trading day the cryptocurrency fluctuated 5.54% from a day low at $0.0179 to a day high of $0.0189. The price has risen in 5 of the last 10 days but is still down by -15.75% for this period.
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 $0.0216 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Due to the high volatility and the trend direction we are not able to give forecast range for this stock. 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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ONEUSD Signals & Forecast
The BigONE Token cryptocurrency holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the cryptocurrency has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $0.0118 and $0.0179. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Sunday, June 09, 2024, and so far it has risen 1,660.89%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for BigONE Token cryptocurrency
BigONE Token finds support from accumulated volume at $0.0174 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 $0.0010 between high and low, or 5.54%. For the last week the cryptocurrency has had daily average volatility of 7.54%.
Our recommended stop-loss: $0.0175 (-3.54%) (This cryptocurrency has very high daily movements and this gives very high risk. There is a buy signal from a pivot bottom found 3 days ago.)
Trading Expectations (ONEUSD) For The Upcoming Trading Day Of Tuesday 11th
For the upcoming trading day on Tuesday, 11th we expect BigONE Token to open at $0.0183, and during the day (based on 14 day Average True Range), to move between $0.0102 and $0.0262, which gives a possible trading interval of +/-$0.0080 (+/-44.05%) up or down from last closing price. If BigONE Token takes out the full calculated possible swing range there will be an estimated 88.10% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0174 (4.12%) than the resistance at $0.0192 (5.39%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is BigONE Token cryptocurrency A Buy?
BigONE Token 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. We have upgraded our analysis conclusion for this cryptocurrency since the last evaluation from a Strong Sell to a Hold/Accumulate candidate.
Current score: 0.650 Hold/Accumulate Upgraded
Predicted Opening Price for BigONE Token of Tuesday, June 11, 2024
Fair opening price June 11, 2024 | Current price |
---|---|
$0.0183 ( 0.641%) | $0.0182 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ONEUSD
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.0193 | 6.08% |
R2 | 0.0189 | 4.00% |
R1 | 0.0187 | 2.72% |
Price | 0.0182 | |
S1 | 0.0179 | -1.44% |
S2 | 0.0177 | -2.72% |
S3 | 0.0173 | -4.80% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.0206 | 13.08% |
R2 | 0.0200 | 10.12% |
R1 | 0.0192 | 5.39% |
Price | 0.0182 | |
S1 | 0.0174 | -4.12% |
S2 | 0 | - |
S3 | 0 | - |
FAQ
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