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
Green day on Monday for Türkiye Motosiklet Federasyonu Fan cryptocurrency after gaining 3.59%
(Updated on Jun 10, 2024)
The Türkiye Motosiklet Federasyonu Fan cryptocurrency price gained 3.59% on the last trading day (Monday, 10th Jun 2024), rising from $0.0004 to $0.0004. 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 2.35% from a day low at $0.0004 to a day high of $0.0004. The price has been going up and down for this period, and there has been a -15.06% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 86 more shares were traded than the day before. In total, 3 thousand shares were bought and sold for approximately $1.03 .
The cryptocurrency lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the cryptocurrency is expected to rise 13.23% 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.
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TMFTUSD Signals & Forecast
The Türkiye Motosiklet Federasyonu Fan cryptocurrency holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the cryptocurrency giving a positive forecast for the stock. On further gains, the cryptocurrency will meet resistance from the short-term Moving Average at approximately $0.0004. On a fall, the cryptocurrency will find some support from the long-term average at approximately $0.0004. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Türkiye Motosiklet Federasyonu Fan has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, June 05, 2024, and so far it has fallen -15.06%. 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).
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 very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this cryptocurrency is considered to be "very high risk". During the last day, the cryptocurrency moved $0.00000879 between high and low, or 2.35%. For the last week, the cryptocurrency has had daily average volatility of 2.60%.
Our recommended stop-loss: $0.0004 (-6.22%) (This cryptocurrency has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 6 days ago.)
Trading Expectations (TMFTUSD) For The Upcoming Trading Day Of Tuesday 11th
For the upcoming trading day on Tuesday, 11th we expect Türkiye Motosiklet Federasyonu Fan Token USD to open at $0.0004, and during the day (based on 14 day Average True Range), to move between $0.0004 and $0.0004, which gives a possible trading interval of +/-$0.00002522 (+/-6.58%) 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 13.17% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0004 (1.81%) than the support at $0.0003 (9.68%), 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?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Türkiye Motosiklet Federasyonu Fan cryptocurrency to perform well in the short-term.
Current score: 4.206 Buy Candidate Unchanged
Predicted Opening Price for Türkiye Motosiklet Federasyonu Fan Token USD of Tuesday, June 11, 2024
| Fair opening price June 11, 2024 | Current price |
|---|---|
| $0.0004 ( 0.723%) | $0.0004 |
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 | 1.57% |
| R2 | 0.0004 | 0.695% |
| R1 | 0.0004 | 0.153% |
| Price | 0.0004 | |
| S1 | 0.0004 | -1.60% |
| S2 | 0.0004 | -2.14% |
| S3 | 0.0004 | -3.02% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0005 | 17.73% |
| R2 | 0.0004 | 5.98% |
| R1 | 0.0004 | 1.81% |
| Price | 0.0004 | |
| S1 | 0.0003 | -9.68% |
| S2 | 0.0003 | -9.94% |
| S3 | 0.0003 | -20.12% |
FAQ
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