Synesis One 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 Synesis One USD cryptocurrency price on Tuesday moving between $0.0641 and $0.0751
(Updated on May 07, 2024)
The Synesis One USD cryptocurrency price gained 7.41% on the last trading day (Tuesday, 7th May 2024), rising from $0.0652 to $0.0700. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the cryptocurrency fluctuated 17.06% from a day low at $0.0641 to a day high of $0.0751. The price has been going up and down for this period, and there has been a 12.54% gain for the last 2 weeks. Volume fell on the last day by -309 thousand shares and in total, 1 million shares were bought and sold for approximately $83.39 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
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 -2.21% during the next 3 months and, with a 90% probability hold a price between $0.0071 and $0.196 at the end of this 3-month period.
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SNSUSD Signals & Forecast
A sell signal was issued from a pivot top point on Thursday, March 07, 2024, and so far it has fallen -65.67%. 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 during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued. Some positive signals were issued as well, and these may have some influence on the near short-term development. The Synesis One 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 $0.0568 and $0.0684. A breakdown below any of these levels will issue sell signals.
Support, Risk & Stop-loss for Synesis One USD cryptocurrency
On the downside, the cryptocurrency finds support just below today's level from accumulated volume at $0.0654 and $0.0554. 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, Synesis One USD finds support just below today's level at $0.0654. If this is broken, then the next support from accumulated volume will be at $0.0554 and $0.0542.
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 $0.0109 between high and low, or 17.06%. For the last week the cryptocurrency has had daily average volatility of 15.14%.
Our recommended stop-loss: $0.0660 (-5.76%) (This cryptocurrency has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 61 days ago.)
Trading Expectations (SNSUSD) For The Upcoming Trading Day Of Wednesday 8th
For the upcoming trading day on Wednesday, 8th we expect Synesis One USD to open at $0.0697, and during the day (based on 14 day Average True Range), to move between $0.0592 and $0.0809, which gives a possible trading interval of +/-$0.0109 (+/-15.51%) up or down from last closing price. If Synesis One USD takes out the full calculated possible swing range there will be an estimated 31.03% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0654 (6.63%) than the resistance at $0.0805 (15.01%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Synesis One USD cryptocurrency A Buy?
The cryptocurrency is within a very wide and falling trend and holds several negative signals that may affect the cryptocurrency in the short-term. However, we believe that today's you should hold a possible buying opportunity and expect the price to be higher at the end of the 3-month period. The careful investor would await further signals. We have upgraded our analysis conclusion for this cryptocurrency since the last evaluation from a Sell to a Buy candidate.
Current score: 1.302 Buy Candidate Upgraded
Predicted Opening Price for Synesis One USD of Wednesday, May 8, 2024
| Fair opening price May 8, 2024 | Current price |
|---|---|
| $0.0697 ( 0.385%) | $0.0700 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SNSUSD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0807 | 15.25 % | |
| R2 | 0.0765 | 9.28 % | ||
| R1 | 0.0739 | 5.59 % | ||
| Current price: | 0.0700 | |||
| Support | S1 | 0.0656 | -6.36 % | |
| S2 | 0.0630 | -10.05 % | ||
| S3 | 0.0588 | -16.02 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0846 | 20.81 % | |
| R2 | 0.0841 | 20.05 % | ||
| R1 | 0.0805 | 15.01 % | ||
| Current price | 0.0700 | |||
| Support | S1 | 0.0654 | -6.63% | |
| S2 | 0.0554 | -20.91% | ||
| S3 | 0.0542 | -22.66% |
FAQ
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