Skull Order 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
Skull Order USD cryptocurrency upgraded from Strong Sell Candidate to Sell Candidate after Saturday trading session.
(Updated on Jun 01, 2024)
The Skull Order USD cryptocurrency price fell by -0.503% on the last day (Saturday, 1st Jun 2024) from $0.0040 to $0.0040. It has now fallen 4 days in a row. During the last trading day the cryptocurrency fluctuated 1.12% from a day low at $0.0039 to a day high of $0.0040. The price has fallen in 5 of the last 10 days and is down by -16.49% for this period. Volume fell on the last day along with the cryptocurrency, which is actually a good sign as volume should follow the cryptocurrency. On the last day, the trading volume fell by -1 thousand shares and in total, 75 shares were bought and sold for approximately $0.297 .
The cryptocurrencyhas broken the very wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is $0.0032, a level that may pose a second chance to hit a runner. According to fan-theory $0.0062 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
SKULLUSD Signals & Forecast
There are few to no technical positive signals at the moment. The Skull Order USD cryptocurrency holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $0.0046 and $0.0042. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Saturday, May 18, 2024, and so far it has fallen -26.91%. 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). Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this cryptocurrency may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Skull Order USD cryptocurrency
On the downside, the cryptocurrency finds support just below today's level from accumulated volume at $0.0036 and $0.0033. 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, Skull Order USD finds support just below today's level at $0.0036. If this is broken, then the next support from accumulated volume will be at $0.0033 and $0.0032.
This cryptocurrency may move very much during the day (volatility) and with periodic low trading volume this cryptocurrency is considered to be "very high risk". During the last day, the cryptocurrency moved $0.000044 between high and low, or 1.12%. For the last week the cryptocurrency has had daily average volatility of 10.11%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SKULLUSD) For The Upcoming Trading Day Of Sunday 2nd
For the upcoming trading day on Sunday, 2nd we expect Skull Order USD to open at $0.0040, and during the day (based on 14 day Average True Range), to move between $0.0036 and $0.0044, which gives a possible trading interval of +/-$0.0004 (+/-10.20%) up or down from last closing price. If Skull Order USD takes out the full calculated possible swing range there will be an estimated 20.40% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0036 (9.00%) than the resistance at $0.0043 (9.89%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Skull Order USD cryptocurrency A Buy?
Skull Order 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. We have upgraded our analysis conclusion for this cryptocurrency since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -4.755 Sell Candidate Upgraded
Predicted Opening Price for Skull Order USD of Sunday, June 2, 2024
| Fair opening price June 2, 2024 | Current price |
|---|---|
| $0.0040 ( 0%) | $0.0040 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SKULLUSD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0040 | 1.11 % | |
| R2 | 0.0040 | 0.688 % | ||
| R1 | 0.0040 | 0.425 % | ||
| Current price: | 0.0040 | |||
| Support | S1 | 0.0039 | -0.425 % | |
| S2 | 0.0039 | -0.688 % | ||
| S3 | 0.0039 | -1.11 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0049 | 22.88 % | |
| R2 | 0.0046 | 16.51 % | ||
| R1 | 0.0043 | 9.89 % | ||
| Current price | 0.0040 | |||
| Support | S1 | 0.0036 | -9.00% | |
| S2 | 0.0033 | -17.75% | ||
| S3 | 0.0032 | -20.33% |
FAQ
Click here for our free guide on how to buy Skull Order USD Cryptocurrency.
