SwftCoin / US Dollar 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
Weaker technical forecast for SwftCoin / US Dollar as cryptocurrency downgraded to Strong Sell Candidate.
(Updated on Jun 26, 2024)
The SwftCoin / US Dollar cryptocurrency price fell by -2.09% on the last day (Wednesday, 26th Jun 2024) from $0.0052 to $0.0051. During the last trading day the cryptocurrency fluctuated 4.83% from a day low at $0.0050 to a day high of $0.0053. The price has fallen in 8 of the last 10 days and is down by -18.95% 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 million shares and in total, 3 million shares were bought and sold for approximately $13.65 thousand.
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 -7.37% during the next 3 months and, with a 90% probability hold a price between $0.0036 and $0.0062 at the end of this 3-month period.
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SWFTCUSD Signals & Forecast
There are few to no technical positive signals at the moment. The SwftCoin / US Dollar 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 $0.0051 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 Sunday, June 09, 2024, and so far it has fallen -23.14%. 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 SwftCoin / US Dollar cryptocurrency
SwftCoin / US Dollar finds support from accumulated volume at $0.0050 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 much during the day (volatility) and with periodic low trading volume this cryptocurrency is considered to be "high risk". During the last day, the cryptocurrency moved $0.0002 between high and low, or 4.83%. For the last week the cryptocurrency has had daily average volatility of 10.04%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SWFTCUSD) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect SwftCoin / US Dollar to open at $0.0051, and during the day (based on 14 day Average True Range), to move between $0.0045 and $0.0056, which gives a possible trading interval of +/-$0.0006 (+/-11.36%) up or down from last closing price. If SwftCoin / US Dollar takes out the full calculated possible swing range there will be an estimated 22.73% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0050 (0.77%) than the resistance at $0.0055 (9.84%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is SwftCoin / US Dollar cryptocurrency A Buy?
SwftCoin / US Dollar 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: -5.572 Strong Sell Candidate Downgraded
Predicted Opening Price for SwftCoin / US Dollar of Thursday, June 27, 2024
Fair opening price June 27, 2024 | Current price |
---|---|
$0.0051 ( 1.30%) | $0.0051 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SWFTCUSD
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.0054 | 6.11% |
R2 | 0.0053 | 4.27% |
R1 | 0.0052 | 3.14% |
Price | 0.0051 | |
S1 | 0.0050 | -0.538% |
S2 | 0.0050 | -1.67% |
S3 | 0.0049 | -3.51% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.0062 | 22.75% |
R2 | 0.0061 | 21.33% |
R1 | 0.0055 | 9.84% |
Price | 0.0051 | |
S1 | 0.0050 | -0.772% |
S2 | 0.0048 | -5.13% |
S3 | 0.0044 | -12.75% |
FAQ
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