Swipe / 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
Swipe / US Dollar cryptocurrency price ended at $0.346 on Saturday, after gaining 2.95%.
(Updated on May 04, 2024)
The Swipe / US Dollar cryptocurrency price gained 2.95% on the last trading day (Saturday, 4th May 2024), rising from $0.336 to $0.346. During the last trading day the cryptocurrency fluctuated 4.12% from a day low at $0.333 to a day high of $0.346. The price has fallen in 6 of the last 10 days and is down by -6.82% for this period. Volume fell on the last day by -7 million shares and in total, 2 million shares were bought and sold for approximately $763.22 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 lower part of a very wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.318 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the cryptocurrency is expected to rise 4.03% during the next 3 months and, with a 90% probability hold a price between $0.331 and $0.589 at the end of this 3-month period.
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SXPUSD Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, May 02, 2024, and so far it has risen 8.68%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Swipe / US Dollar cryptocurrency holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the cryptocurrency giving a more negative forecast for the stock. On further gains, the cryptocurrency will meet resistance from the long-term Moving Average at $0.387. On a fall, the cryptocurrency will find some support from the short-term average at $0.338. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. 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 also not.
Support, Risk & Stop-loss for Swipe / US Dollar cryptocurrency
Swipe / US Dollar finds support from accumulated volume at $0.345 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This cryptocurrency has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the cryptocurrency moved $0.0137 between high and low, or 4.12%. For the last week the cryptocurrency has had daily average volatility of 7.18%.
Our recommended stop-loss: $0.334 (-3.48%) (This cryptocurrency has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 2 days ago.)
Trading Expectations (SXPUSD) For The Upcoming Trading Day Of Sunday 5th
For the upcoming trading day on Sunday, 5th we expect Swipe / US Dollar to open at $0.342, and during the day (based on 14 day Average True Range), to move between $0.318 and $0.374, which gives a possible trading interval of +/-$0.0279 (+/-8.09%) up or down from last closing price. If Swipe / US Dollar takes out the full calculated possible swing range there will be an estimated 16.17% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.345 (0.12%) than the resistance at $0.379 (9.52%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Swipe / US Dollar cryptocurrency A Buy?
Swipe / US Dollar holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.140 Hold/Accumulate Unchanged
Predicted Opening Price for Swipe / US Dollar of Sunday, May 5, 2024
| Fair opening price May 5, 2024 | Current price |
|---|---|
| $0.342 ( 1.19%) | $0.346 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SXPUSD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.355 | 2.78 % | |
| R2 | 0.350 | 1.26 % | ||
| R1 | 0.347 | 0.328 % | ||
| Current price: | 0.346 | |||
| Support | S1 | 0.336 | -2.70 % | |
| S2 | 0.333 | -3.64 % | ||
| S3 | 0.328 | -5.15 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.430 | 24.33 % | |
| R2 | 0.399 | 15.54 % | ||
| R1 | 0.379 | 9.52 % | ||
| Current price | 0.346 | |||
| Support | S1 | 0.345 | -0.116% | |
| S2 | 0.345 | -0.145% | ||
| S3 | 0.338 | -2.29% |
FAQ
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