Sashimi 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
Sashimi USD cryptocurrency downgraded from Sell Candidate to Strong Sell Candidate after Sunday trading session.
(Updated on Jun 16, 2024)
The Sashimi USD cryptocurrency price fell by -1.76% on the last day (Sunday, 16th Jun 2024) from $0.0046 to $0.0045. It has now fallen 5 days in a row. During the last trading day the cryptocurrency fluctuated 3.92% from a day low at $0.0045 to a day high of $0.0047. The price has fallen in 8 of the last 10 days and is down by -13.06% for this period. Volume has increased on the last day by 13 thousand 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, 19 thousand shares were bought and sold for approximately $87.30 .
The cryptocurrency has broken the very wide and falling short-term trend down. Firstly a stronger fallrate is indicated, but false breaks and "sell-off" may occur. However, a further fall is realistic and any reactions back to the breaking point ($0.0046) are considered to be a "second chance" to get out. According to the fan-theory $0.0021 will represent the new bottom line of the next trend, but it is far too early to say this for certain.
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SASHIMIUSD Signals & Forecast
There are few to no technical positive signals at the moment. The Sashimi 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 $0.0049 and $0.0053. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, May 28, 2024, and so far it has fallen -36.71%. 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). Sashimi USD 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". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Sashimi 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.
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 $0.0002 between high and low, or 3.92%. For the last week, the cryptocurrency has had daily average volatility of 5.55%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SASHIMIUSD) For The Upcoming Trading Day Of Monday 17th
For the upcoming trading day on Monday, 17th we expect Sashimi USD to open at $0.0046, and during the day (based on 14 day Average True Range), to move between $0.0042 and $0.0049, which gives a possible trading interval of +/-$0.0004 (+/-8.60%) up or down from last closing price. If Sashimi USD takes out the full calculated possible swing range there will be an estimated 17.20% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $0.0052, some $0.0007 (14.37%) from the current price of $0.0045, our system finds the risk reward not very attractive.
Is Sashimi USD cryptocurrency A Buy?
Sashimi 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. 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: -5.672 Strong Sell Candidate Downgraded
Predicted Opening Price for Sashimi USD of Monday, June 17, 2024
| Fair opening price June 17, 2024 | Current price |
|---|---|
| $0.0046 ( 1.26%) | $0.0045 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SASHIMIUSD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0048 | 5.18% |
| R2 | 0.0047 | 3.68% |
| R1 | 0.0047 | 2.76% |
| Price | 0.0045 | |
| S1 | 0.0045 | -0.235% |
| S2 | 0.0045 | -1.16% |
| S3 | 0.0044 | -2.65% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0054 | 18.48% |
| R2 | 0.0053 | 16.57% |
| R1 | 0.0052 | 14.37% |
| Price | 0.0045 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
FAQ
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