Plair / 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
Plair / US Dollar cryptocurrency downgraded to Strong Sell Candidate
(Updated on Jun 26, 2024)
The Plair / US Dollar cryptocurrency price fell by -0.502% on the last day (Wednesday, 26th Jun 2024) from $0.0592 to $0.0589. During the last trading day the cryptocurrency fluctuated 7.96% from a day low at $0.0587 to a day high of $0.0633. The price has fallen in 7 of the last 10 days and is down by -19.18% for this period. Volume has increased on the last day by 6 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 14 million shares were bought and sold for approximately $816.74 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 $0.0549 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the cryptocurrency is expected to fall -32.04% during the next 3 months and, with a 90% probability hold a price between $0.0373 and $0.0809 at the end of this 3-month period.
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PLAUSD Signals & Forecast
A buy signal was issued from a pivot bottom point on Sunday, June 23, 2024, and so far it has risen 3.70%. 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. The Plair / US Dollar 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 $0.0590 and $0.0769. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Plair / US Dollar gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
Support, Risk & Stop-loss for Plair / US Dollar cryptocurrency
Plair / US Dollar finds support from accumulated volume at $0.0573 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 a very large prediction interval from the Bollinger Band this cryptocurrency is considered to be "very high risk". During the last day, the cryptocurrency moved $0.0047 between high and low, or 7.96%. For the last week, the cryptocurrency has had daily average volatility of 6.01%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (PLAUSD) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Plair / US Dollar to open at $0.0603, and during the day (based on 14 day Average True Range), to move between $0.0529 and $0.0649, which gives a possible trading interval of +/-$0.0060 (+/-10.25%) up or down from last closing price. If Plair / US Dollar takes out the full calculated possible swing range there will be an estimated 20.50% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0589 (0.08%) than the support at $0.0573 (2.62%), 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 Plair / US Dollar cryptocurrency A Buy?
Plair / US Dollar 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this cryptocurrency since the last evaluation from a Sell to a Strong Sell candidate.
Current score: -5.159 Strong Sell Candidate Downgraded
Predicted Opening Price for Plair / US Dollar of Thursday, June 27, 2024
Fair opening price June 27, 2024 | Current price |
---|---|
$0.0603 ( 2.40%) | $0.0589 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PLAUSD
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.0650 | 10.33% |
R2 | 0.0632 | 7.30% |
R1 | 0.0621 | 5.43% |
Price | 0.0589 | |
S1 | 0.0585 | -0.628% |
S2 | 0.0574 | -2.50% |
S3 | 0.0556 | -5.53% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.0618 | 5.02% |
R2 | 0.0617 | 4.84% |
R1 | 0.0589 | 0.0798% |
Price | 0.0589 | |
S1 | 0.0573 | -2.62% |
S2 | 0.0568 | -3.57% |
S3 | 0 | - |
FAQ
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