Voyager Token / 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
High volatility in Voyager Token / US Dollar cryptocurrency price on Friday which ended trading at $0.105
(Updated on May 03, 2024)
The Voyager Token / US Dollar cryptocurrency price gained 12.45% on the last trading day (Friday, 3rd May 2024), rising from $0.0932 to $0.105. During the last trading day the cryptocurrency fluctuated 51.46% from a day low at $0.0822 to a day high of $0.125. The price has been going up and down for this period, and there has been a 25.66% gain 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, 30 million more shares were traded than the day before. In total, 45 million shares were bought and sold for approximately $4.71 million.
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 -17.01% during the next 3 months and, with a 90% probability hold a price between $0.0528 and $0.115 at the end of this 3-month period.
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VGXUSD Signals & Forecast
Mostly positive signals in the chart today. The Voyager Token / US Dollar cryptocurrency holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the cryptocurrency has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $0.0808 and $0.0926. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Sunday, April 14, 2024, and so far it has risen 50.36%. 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). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Voyager Token / US Dollar cryptocurrency
On the downside, the cryptocurrency finds support just below today's level from accumulated volume at $0.0932 and $0.0851. 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, Voyager Token / US Dollar finds support just below today's level at $0.0932. If this is broken, then the next support from accumulated volume will be at $0.0851 and $0.0813.
This cryptocurrency may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this cryptocurrency is considered to be "high risk". During the last day, the cryptocurrency moved $0.0423 between high and low, or 51.46%. For the last week, the cryptocurrency has had daily average volatility of 25.79%.
Our recommended stop-loss: $0.100 (-4.47%) (This cryptocurrency has high daily movements and this gives high risk. The RSI14 is 76 and this increases the risk substantially. There is a buy signal from a pivot bottom found 19 days ago.)
Trading Expectations (VGXUSD) For The Upcoming Trading Day Of Saturday 4th
For the upcoming trading day on Saturday, 4th we expect Voyager Token / US Dollar to open at $0.104, and during the day (based on 14 day Average True Range), to move between $0.0927 and $0.117, which gives a possible trading interval of +/-$0.0121 (+/-11.55%) up or down from last closing price. If Voyager Token / US Dollar takes out the full calculated possible swing range there will be an estimated 23.10% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.114 (8.68%) than the support at $0.0932 (11.07%), 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 Voyager Token / US Dollar cryptocurrency A Buy?
Several short-term signals are positive, despite the cryptocurrency being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for cryptocurrency to perform well in the short-term.
Current score: 4.155 Buy Candidate Unchanged
Predicted Opening Price for Voyager Token / US Dollar of Saturday, May 4, 2024
| Fair opening price May 4, 2024 | Current price |
|---|---|
| $0.104 ( 0.92%) | $0.105 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VGXUSD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.146 | 39.44 % | |
| R2 | 0.130 | 24.02 % | ||
| R1 | 0.120 | 14.50 % | ||
| Current price: | 0.105 | |||
| Support | S1 | 0.0877 | -16.34 % | |
| S2 | 0.0777 | -25.87 % | ||
| S3 | 0.0615 | -41.28 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.123 | 17.65 % | |
| R2 | 0.115 | 9.54 % | ||
| R1 | 0.114 | 8.68 % | ||
| Current price | 0.105 | |||
| Support | S1 | 0.0932 | -11.07% | |
| S2 | 0.0851 | -18.80% | ||
| S3 | 0.0813 | -22.42% |
FAQ
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