YOU COIN 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
Red day on Monday for YOU COIN USD
(Updated on Jun 10, 2024)
The YOU COIN USD cryptocurrency price fell by -0.387% on the last day (Monday, 10th Jun 2024) from $0.00003616 to $0.00003602. During the last trading day the cryptocurrency fluctuated 1.39% from a day low at $0.00003591 to a day high of $0.00003641. The price has been going up and down for this period, and there has been a -2.88% loss for the last 2 weeks. Volume has increased on the last day by 44 shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 45 shares were bought and sold for approximately $0.0016 .
The cryptocurrency is moving within a very wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect YOU COIN USD cryptocurrency with a 90% probability to be traded between $0.00002434 and $0.00005434 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and cryptocurrencies seldom manage to go directly from the bottom of a trend up to the top. Cryptocurrencies turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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YOUUSD Signals & Forecast
There are few to no technical positive signals at the moment. The YOU COIN USD cryptocurrency holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $0.00003674 and $0.00003621. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, March 26, 2024, and so far it has fallen -33.86%. 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). YOU COIN USD gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for YOU COIN USD cryptocurrency
YOU COIN USD finds support from accumulated volume at $0.00003502 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 and with good trading volume, the risk is considered to be medium. During the last day, the cryptocurrency moved $0.0000005 between high and low, or 1.39%. For the last week, the cryptocurrency has had daily average volatility of 1.81%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (YOUUSD) For The Upcoming Trading Day Of Tuesday 11th
For the upcoming trading day on Tuesday, 11th we expect YOU COIN USD to open at $0.00003611, and during the day (based on 14 day Average True Range), to move between $0.00003490 and $0.00003714, which gives a possible trading interval of +/-$0.00000112 (+/-3.11%) up or down from last closing price. If YOU COIN USD takes out the full calculated possible swing range there will be an estimated 6.22% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.00003502 (2.78%) than the resistance at $0.00004085 (13.41%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is YOU COIN USD cryptocurrency A Buy?
YOU COIN USD holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this cryptocurrency.
Current score: -3.821 Sell Candidate Unchanged
Predicted Opening Price for YOU COIN USD of Tuesday, June 11, 2024
| Fair opening price June 11, 2024 | Current price |
|---|---|
| $0.00003611 ( 0.259%) | $0.00003602 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for YOUUSD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.00003661 | 1.65% |
| R2 | 0.00003642 | 1.12% |
| R1 | 0.00003630 | 0.789% |
| Price | 0.00003602 | |
| S1 | 0.00003592 | -0.271% |
| S2 | 0.00003580 | -0.599% |
| S3 | 0.00003561 | -1.13% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.00004427 | 22.90% |
| R2 | 0.00004132 | 14.71% |
| R1 | 0.00004085 | 13.41% |
| Price | 0.00003602 | |
| S1 | 0.00003502 | -2.78% |
| S2 | 0.00003485 | -3.25% |
| S3 | 0.00002937 | -18.46% |
FAQ
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