Qbao 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
Volatile ride for Qbao USD cryptocurrency price on Tuesday moving between $0.0011 and $0.0018
(Updated on Jul 02, 2024)
The Qbao USD cryptocurrency price gained 49.58% on the last trading day (Tuesday, 2nd Jul 2024), rising from $0.0012 to $0.0018. During the last trading day the cryptocurrency fluctuated 63.12% from a day low at $0.0011 to a day high of $0.0018. The price has been going up and down for this period, and there has been a 59.01% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 2 thousand more shares were traded than the day before. In total, 4 thousand shares were bought and sold for approximately $6.79 .
Given the current short-term trend, the cryptocurrency is expected to fall -29.21% during the next 3 months and, with a 90% probability hold a price between $0.0007 and $0.0012 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.
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QBTUSD Signals & Forecast
Mostly positive signals in the chart today. The Qbao USD 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 $0.0013 and $0.0015. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, June 25, 2024, and so far it has risen 60.89%. 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). Qbao 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.
Support, Risk & Stop-loss for Qbao USD cryptocurrency
Qbao USD finds support from accumulated volume at $0.0018 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 $0.0007 between high and low, or 63.12%. For the last week, the cryptocurrency has had daily average volatility of 15.56%.
Our recommended stop-loss: $0.0017 (-3.72%) (This cryptocurrency has very high daily movements and this gives very high risk. There is a buy signal from a pivot bottom found 37 days ago.)
Trading Expectations (QBTUSD) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Qbao USD to open at $0.0015, and during the day (based on 14 day Average True Range), to move between $0.0016 and $0.0019, which gives a possible trading interval of +/-$0.0002 (+/-8.77%) up or down from last closing price. If Qbao USD takes out the full calculated possible swing range there will be an estimated 17.54% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0018 (0.17%) than the resistance at $0.0019 (6.06%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Qbao USD cryptocurrency A Buy?
Several short-term signals are positive, despite the cryptocurrency being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for cryptocurrency to perform well in the short-term. We have upgraded our analysis conclusion for this cryptocurrency since the last evaluation from a Sell to a Buy candidate.
Current score: 2.583 Buy Candidate Upgraded
Predicted Opening Price for Qbao USD of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $0.0015 ( 12.90%) | $0.0018 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for QBTUSD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0022 | 25.80% |
| R2 | 0.0020 | 11.02% |
| R1 | 0.0018 | 1.88% |
| Price | 0.0018 | |
| S1 | 0.0013 | -27.68% |
| S2 | 0.0011 | -36.81% |
| S3 | 0.0009 | -51.60% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0020 | 11.10% |
| R2 | 0.0019 | 9.92% |
| R1 | 0.0019 | 6.06% |
| Price | 0.0018 | |
| S1 | 0.0018 | -0.170% |
| S2 | 0.0017 | -1.02% |
| S3 | 0.0013 | -24.19% |
FAQ
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