Power Ledger / 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
Red day on Friday for Power Ledger / US Dollar cryptocurrency after losing 1.56%
(Updated on Jun 28, 2024)
The Power Ledger / US Dollar cryptocurrency price fell by -1.56% on the last day (Friday, 28th Jun 2024) from $0.219 to $0.216. During the last trading day the cryptocurrency fluctuated 3.56% from a day low at $0.214 to a day high of $0.221. The price has been going up and down for this period, and there has been a 6.57% gain for the last 2 weeks. Volume has increased on the last day by 1 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, 7 million shares were bought and sold for approximately $1.57 million.
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. Given the current short-term trend, the cryptocurrency is expected to fall -33.05% during the next 3 months and, with a 90% probability hold a price between $0.125 and $0.201 at the end of this 3-month period. 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
POWRUSD Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, June 18, 2024, and so far it has risen 6.57%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Power Ledger / US Dollar cryptocurrency holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the cryptocurrency giving a more negative forecast for the stock. On further gains, the cryptocurrency will meet resistance from the long-term Moving Average at $0.260. On a fall, the cryptocurrency will find some support from the short-term average at $0.213. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Volume rose on falling prices yesterday. This may be an early warning and the cryptocurrency should be followed more closely.
Support, Risk & Stop-loss for Power Ledger / US Dollar cryptocurrency
Power Ledger / US Dollar finds support from accumulated volume at $0.213 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 much during the day (volatility) and with a large prediction interval from the Bollinger Band this cryptocurrency is considered to be "high risk". During the last day, the cryptocurrency moved $0.0076 between high and low, or 3.56%. For the last week, the cryptocurrency has had daily average volatility of 4.70%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (POWRUSD) For The Upcoming Trading Day Of Saturday 29th
For the upcoming trading day on Saturday, 29th we expect Power Ledger / US Dollar to open at $0.217, and during the day (based on 14 day Average True Range), to move between $0.202 and $0.230, which gives a possible trading interval of +/-$0.0139 (+/-6.45%) up or down from last closing price. If Power Ledger / US Dollar takes out the full calculated possible swing range there will be an estimated 12.90% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.219 (1.27%) than the support at $0.213 (1.44%), 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 Power Ledger / US Dollar cryptocurrency A Buy?
Power Ledger / US Dollar 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.
Current score: -1.977 Sell Candidate Unchanged
Predicted Opening Price for Power Ledger / US Dollar of Saturday, June 29, 2024
| Fair opening price June 29, 2024 | Current price |
|---|---|
| $0.217 ( 0.463%) | $0.216 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for POWRUSD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.224 | 3.99% |
| R2 | 0.221 | 2.64% |
| R1 | 0.220 | 1.81% |
| Price | 0.216 | |
| S1 | 0.214 | -0.88% |
| S2 | 0.212 | -1.71% |
| S3 | 0.209 | -3.06% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.268 | 24.00% |
| R2 | 0.222 | 2.92% |
| R1 | 0.219 | 1.27% |
| Price | 0.216 | |
| S1 | 0.213 | -1.44% |
| S2 | 0.211 | -2.32% |
| S3 | 0.203 | -6.16% |
FAQ
Click here for our free guide on how to buy Power Ledger / US Dollar Cryptocurrency.
