Türkiye Motosiklet Federasyonu Fan 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
Türkiye Motosiklet Federasyonu Fan cryptocurrency price fell more than -12.38% Friday closing at $0.0003
(Updated on Jun 21, 2024)
The Türkiye Motosiklet Federasyonu Fan cryptocurrency price fell by -12.38% on the last day (Friday, 21st Jun 2024) from $0.0004 to $0.0003. During the last trading day the cryptocurrency fluctuated 5.26% from a day low at $0.0003 to a day high of $0.0004. The price has risen in 7 of the last 10 days but is still down by -7.01% 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 -356 shares and in total, 3 thousand shares were bought and sold for approximately $0.88 .
The cryptocurrency lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.0003 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 21.57% during the next 3 months and, with a 90% probability hold a price between $0.0004 and $0.0007 at the end of this 3-month period.
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TMFTUSD Signals & Forecast
There are few to no technical positive signals at the moment. The Türkiye Motosiklet Federasyonu Fan 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 $0.0004 and $0.0004. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, June 05, 2024, and so far it has fallen -23.67%. 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 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 Türkiye Motosiklet Federasyonu Fan cryptocurrency
On the downside, the cryptocurrency finds support just below today's level from accumulated volume at $0.0003 and $0.0003. 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, Türkiye Motosiklet Federasyonu Fan finds support just below today's level at $0.0003. If this is broken, then the next support from accumulated volume will be at $0.0003 and $0.0003.
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 $0.00001788 between high and low, or 5.26%. For the last week the cryptocurrency has had daily average volatility of 2.54%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (TMFTUSD) For The Upcoming Trading Day Of Saturday 22nd
For the upcoming trading day on Saturday, 22nd we expect Türkiye Motosiklet Federasyonu Fan Token USD to open at $0.0003, and during the day (based on 14 day Average True Range), to move between $0.0003 and $0.0004, which gives a possible trading interval of +/-$0.00002627 (+/-7.63%) up or down from last closing price. If Türkiye Motosiklet Federasyonu Fan Token USD takes out the full calculated possible swing range there will be an estimated 15.26% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0003 (0.21%) than the support at $0.0003 (10.24%), 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 Türkiye Motosiklet Federasyonu Fan Token USD cryptocurrency A Buy?
The Türkiye Motosiklet Federasyonu Fan cryptocurrency holds several negative signals and despite the positive trend, we believe Türkiye Motosiklet Federasyonu Fan will perform weakly in the next couple of days or weeks. Therefore, we 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 Buy to a Sell candidate.
Current score: -2.438 Sell Candidate Downgraded
Predicted Opening Price for Türkiye Motosiklet Federasyonu Fan Token USD of Saturday, June 22, 2024
| Fair opening price June 22, 2024 | Current price |
|---|---|
| $0.0003 ( 0.87%) | $0.0003 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TMFTUSD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0004 | 6.06% |
| R2 | 0.0004 | 4.08% |
| R1 | 0.0004 | 2.85% |
| Price | 0.0003 | |
| S1 | 0.0003 | -1.12% |
| S2 | 0.0003 | -2.34% |
| S3 | 0.0003 | -4.33% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0003 | 1.09% |
| R2 | 0.0003 | 0.505% |
| R1 | 0.0003 | 0.215% |
| Price | 0.0003 | |
| S1 | 0.0003 | -10.24% |
| S2 | 0.0003 | -11.11% |
| S3 | 0.0003 | -15.47% |
FAQ
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