Phuture 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
Phuture USD cryptocurrency price ended at $0.0101 on Saturday, after gaining 0.675%.
(Updated on Jun 01, 2024)
The Phuture USD cryptocurrency price gained 0.675% on the last trading day (Saturday, 1st Jun 2024), rising from $0.0101 to $0.0101. During the last trading day the cryptocurrency fluctuated 0.366% from a day low at $0.0101 to a day high of $0.0102. The price has risen in 5 of the last 10 days but is still down by -8.78% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 786 more shares were traded than the day before. In total, 14 thousand shares were bought and sold for approximately $138.18 .
The cryptocurrency lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. 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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PHTRUSD Signals & Forecast
Phuture USD has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Phuture 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 $0.0107 and $0.0110. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, March 08, 2024, and so far it has fallen -59.86%. 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).
Support, Risk & Stop-loss for Phuture USD cryptocurrency
Phuture USD finds support from accumulated volume at $0.0101 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This cryptocurrency has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the cryptocurrency moved $0.000037 between high and low, or 0.366%. For the last week, the cryptocurrency has had daily average volatility of 2.59%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (PHTRUSD) For The Upcoming Trading Day Of Sunday 2nd
For the upcoming trading day on Sunday, 2nd we expect Phuture USD to open at $0.0101, and during the day (based on 14 day Average True Range), to move between $0.0098 and $0.0105, which gives a possible trading interval of +/-$0.0003 (+/-3.07%) up or down from last closing price. If Phuture USD takes out the full calculated possible swing range there will be an estimated 6.14% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0101 (0.67%) than the resistance at $0.0103 (1.49%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Phuture USD cryptocurrency A Buy?
Phuture USD holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this cryptocurrency.
Current score: -3.561 Sell Candidate Unchanged
Predicted Opening Price for Phuture USD of Sunday, June 2, 2024
| Fair opening price June 2, 2024 | Current price |
|---|---|
| $0.0101 ( 0.0493%) | $0.0101 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PHTRUSD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0102 | 0.316 % | |
| R2 | 0.0102 | 0.176 % | ||
| R1 | 0.0102 | 0.0901 % | ||
| Current price: | 0.0101 | |||
| Support | S1 | 0.0101 | -0.189 % | |
| S2 | 0.0101 | -0.275 % | ||
| S3 | 0.0101 | -0.414 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0111 | 9.56 % | |
| R2 | 0.0105 | 3.43 % | ||
| R1 | 0.0103 | 1.49 % | ||
| Current price | 0.0101 | |||
| Support | S1 | 0.0101 | -0.671% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
FAQ
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