PrivaCoin 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
Red day on Wednesday for PrivaCoin USD
(Updated on Jun 26, 2024)
No changes to the price of PrivaCoin USD cryptocurrency on the last trading day (Wednesday, 26th Jun 2024). During the last trading day the cryptocurrency fluctuated 0.129% from a day low at $0.0008 to a day high of $0.0008. The price has risen in 4 of the last 10 days.
The cryptocurrency is at the lower part of a narrow and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $0.0008 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect PrivaCoin USD cryptocurrency with a 90% probability to be traded between $0.0008 and $0.0008 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and cryptocurrencies seldom manage to go directly from the bottom of a trend up to the top. Cryptocurrencies turning up in the middle of a horizontal trend are therefore considered to be potential runners.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
PRVCUSD Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, June 24, 2024, and so far it has fallen 0%. 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 PrivaCoin 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 $0.0008 and $0.0008. 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). Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for PrivaCoin USD cryptocurrency
There is no support from accumulated volume below today's level and given the right condition the cryptocurrency may perform very badly in the next couple of days.
In general the cryptocurrency tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the cryptocurrency During the last day, the cryptocurrency moved $0.000001 between high and low, or 0.129%. For the last week the cryptocurrency has had daily average volatility of 0.463%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (PRVCUSD) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect PrivaCoin USD to open at $0.0008, and during the day (based on 14 day Average True Range), to move between $0.0008 and $0.0008, which gives a possible trading interval of +/-$0.00000443 (+/-0.57%) up or down from last closing price. If PrivaCoin USD takes out the full calculated possible swing range there will be an estimated 1.14% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $0.0008, some $0.000004 (0.51%) from the current price of $0.0008, our system finds the risk reward not very attractive.
Is PrivaCoin USD cryptocurrency A Buy?
PrivaCoin USD holds several negative signals and is within a narrow 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: -2.911 Sell Candidate Unchanged
Predicted Opening Price for PrivaCoin USD of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| $0.0008 ( 0.0428%) | $0.0008 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PRVCUSD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0008 | 0.171% |
| R2 | 0.0008 | 0.122% |
| R1 | 0.0008 | 0.0919% |
| Price | 0.0008 | |
| S1 | 0.0008 | -0.0063% |
| S2 | 0.0008 | -0.0366% |
| S3 | 0.0008 | -0.0857% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0008 | 0.771% |
| R2 | 0.0008 | 0.643% |
| R1 | 0.0008 | 0.514% |
| Price | 0.0008 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
FAQ
Click here for our free guide on how to buy PrivaCoin USD Cryptocurrency.
