Sishi Finance 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 Sunday for Sishi Finance USD
(Updated on May 19, 2024)
The Sishi Finance USD cryptocurrency price fell by -3.20% on the last day (Sunday, 19th May 2024) from $0.0009 to $0.0009. During the last trading day the cryptocurrency fluctuated 3.77% from a day low at $0.0009 to a day high of $0.0009. The price has fallen in 5 of the last 10 days and is down by -4.53% for this period. Volume has increased on the last day by 23 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, 23 shares were bought and sold for approximately $0.0209 .
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 -47.57% during the next 3 months and, with a 90% probability hold a price between $0.00008642 and $0.0008 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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SISHIUSD Signals & Forecast
There are few to no technical positive signals at the moment. The Sishi Finance 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 $0.0009 and $0.0009. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Sunday, April 28, 2024, and so far it has fallen -23.65%. 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). Sishi Finance 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 Sishi Finance USD cryptocurrency
On the downside, the cryptocurrency finds support just below today's level from accumulated volume at $0.0007 and $0.0007. There is a natural risk involved when a cryptocurrency is testing a support level, since if this is broken, the cryptocurrency then may fall to the next support level. In this case, Sishi Finance USD finds support just below today's level at $0.0007. If this is broken, then the next support from accumulated volume will be at $0.0007 and $0.0007.
This cryptocurrency has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the cryptocurrency moved $0.000034 between high and low, or 3.77%. For the last week, the cryptocurrency has had daily average volatility of 2.00%.
Our recommended stop-loss: $0.0009 (-3.91%) (This cryptocurrency has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 21 days ago.)
Trading Expectations (SISHIUSD) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Sishi Finance USD to open at $0.0009, and during the day (based on 14 day Average True Range), to move between $0.0009 and $0.0010, which gives a possible trading interval of +/-$0.00004702 (+/-5.18%) up or down from last closing price. If Sishi Finance USD takes out the full calculated possible swing range there will be an estimated 10.37% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0009 (4.30%) than the support at $0.0007 (18.63%), 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 Sishi Finance USD cryptocurrency A Buy?
Sishi Finance USD holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Sishi Finance USD of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| $0.0009 ( 0.96%) | $0.0009 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SISHIUSD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0009 | 4.70 % | |
| R2 | 0.0009 | 3.27 % | ||
| R1 | 0.0009 | 2.39 % | ||
| Current price: | 0.0009 | |||
| Support | S1 | 0.0009 | -0.476 % | |
| S2 | 0.0009 | -1.36 % | ||
| S3 | 0.0009 | -2.79 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0010 | 15.44 % | |
| R2 | 0.0010 | 10.80 % | ||
| R1 | 0.0009 | 4.30 % | ||
| Current price | 0.0009 | |||
| Support | S1 | 0.0007 | -18.63% | |
| S2 | 0.0007 | -20.29% | ||
| S3 | 0.0007 | -22.49% |
FAQ
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