Zambesigold 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
Big movements in Zambesigold USD cryptocurrency price on Tuesday moving 13.75% between high and low
(Updated on May 28, 2024)
The Zambesigold USD cryptocurrency price fell by -2.01% on the last day (Tuesday, 28th May 2024) from $0.249 to $0.244. During the last trading day the cryptocurrency fluctuated 13.75% from a day low at $0.218 to a day high of $0.248. The price has risen in 6 of the last 10 days and is up by 2.81% over the past 2 weeks. 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 -23 thousand shares and in total, 23 thousand shares were bought and sold for approximately $5.52 thousand.
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 186.58% during the next 3 months and, with a 90% probability hold a price between $0.406 and $0.86 at the end of this 3-month period.
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ZGDUSD Signals & Forecast
The Zambesigold USD cryptocurrency holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $0.241 and $0.190. A breakdown below any of these levels will issue sell signals. 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 Thursday, May 09, 2024, and so far it has fallen -5.53%. 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 Zambesigold USD cryptocurrency
Zambesigold USD finds support from accumulated volume at $0.240 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 $0.0300 between high and low, or 13.75%. For the last week the cryptocurrency has had daily average volatility of 9.45%.
Our recommended stop-loss: $0.230 (-5.76%) (This cryptocurrency has high daily movements and this gives high risk. There is a sell signal from a pivot top found 39 days ago.)
Trading Expectations (ZGDUSD) For The Upcoming Trading Day Of Wednesday 29th
For the upcoming trading day on Wednesday, 29th we expect Zambesigold USD to open at $0.236, and during the day (based on 14 day Average True Range), to move between $0.217 and $0.271, which gives a possible trading interval of +/-$0.0272 (+/-11.16%) up or down from last closing price. If Zambesigold USD takes out the full calculated possible swing range there will be an estimated 22.32% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.240 (1.59%) than the resistance at $0.249 (2.06%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Zambesigold 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 Zambesigold USD cryptocurrency to perform well in the short-term.
Current score: 3.042 Buy Candidate Unchanged
Predicted Opening Price for Zambesigold USD of Wednesday, May 29, 2024
| Fair opening price May 29, 2024 | Current price |
|---|---|
| $0.236 ( 3.00%) | $0.244 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ZGDUSD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.266 | 9.29 % | |
| R2 | 0.255 | 4.59 % | ||
| R1 | 0.248 | 1.69 % | ||
| Current price: | 0.244 | |||
| Support | S1 | 0.225 | -7.70 % | |
| S2 | 0.218 | -10.60 % | ||
| S3 | 0.207 | -15.29 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.258 | 5.85 % | |
| R2 | 0.249 | 2.11 % | ||
| R1 | 0.249 | 2.06 % | ||
| Current price | 0.244 | |||
| Support | S1 | 0.240 | -1.59% | |
| S2 | 0.240 | -1.62% | ||
| S3 | 0.217 | -11.00% |
FAQ
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