Tourism Industry Metaverse 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
Tourism Industry Metaverse USD cryptocurrency upgraded from Sell Candidate to Hold/Accumulate after Sunday trading session.
(Updated on May 19, 2024)
The Tourism Industry Metaverse USD cryptocurrency price gained 0.129% on the last trading day (Sunday, 19th May 2024), rising from $0.0016 to $0.0016. During the last trading day the cryptocurrency fluctuated 2.13% from a day low at $0.0015 to a day high of $0.0016. The price has risen in 7 of the last 10 days and is up by 23.41% over the past 2 weeks. Volume fell on the last day by -822 shares and in total, 775 shares were bought and sold for approximately $1.21 . 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 the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $0.0016 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the cryptocurrency is expected to fall -62.37% during the next 3 months and, with a 90% probability hold a price between $0.0003 and $0.0006 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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TIMUSD Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, May 08, 2024, and so far it has risen 28.83%. 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 Tourism Industry Metaverse USD 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 $0.0016. On a fall, the cryptocurrency will find some support from the short-term average at $0.0015. 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 not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Tourism Industry Metaverse USD cryptocurrency
On the downside, the cryptocurrency finds support just below today's level from accumulated volume at $0.0014 and $0.0014. 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, Tourism Industry Metaverse USD finds support just below today's level at $0.0014. If this is broken, then the next support from accumulated volume will be at $0.0014 and $0.0012.
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 $0.000033 between high and low, or 2.13%. For the last week the cryptocurrency has had daily average volatility of 5.55%.
Our recommended stop-loss: $0.0015 (-3.08%) (This cryptocurrency has very high daily movements and this gives very high risk. There is a buy signal from a pivot bottom found 11 days ago.)
Trading Expectations (TIMUSD) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Tourism Industry Metaverse USD to open at $0.0016, and during the day (based on 14 day Average True Range), to move between $0.0015 and $0.0017, which gives a possible trading interval of +/-$0.00009541 (+/-6.14%) up or down from last closing price. If Tourism Industry Metaverse USD takes out the full calculated possible swing range there will be an estimated 12.27% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0016 (1.54%) than the support at $0.0014 (9.52%), 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 Tourism Industry Metaverse USD cryptocurrency A Buy?
Tourism Industry Metaverse USD 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. We have upgraded our analysis conclusion for this cryptocurrency since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.251 Hold/Accumulate Upgraded
Predicted Opening Price for Tourism Industry Metaverse USD of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| $0.0016 ( 0.407%) | $0.0016 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TIMUSD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0016 | 2.53 % | |
| R2 | 0.0016 | 1.72 % | ||
| R1 | 0.0016 | 1.22 % | ||
| Current price: | 0.0016 | |||
| Support | S1 | 0.0015 | -0.403 % | |
| S2 | 0.0015 | -0.90 % | ||
| S3 | 0.0015 | -1.71 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0019 | 23.86 % | |
| R2 | 0.0019 | 20.32 % | ||
| R1 | 0.0016 | 1.54 % | ||
| Current price | 0.0016 | |||
| Support | S1 | 0.0014 | -9.52% | |
| S2 | 0.0014 | -10.48% | ||
| S3 | 0.0012 | -20.19% |
FAQ
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