BillionHappiness / US Dollar Cryptocurrency Forecast
BillionHappiness / US Dollar cryptocurrency price ended at $1.04 on Tuesday, after gaining 0.157%.
(Updated on Jul 02, 2024)
The BillionHappiness / US Dollar cryptocurrency price gained 0.157% on the last trading day (Tuesday, 2nd Jul 2024), rising from $1.04 to $1.04. During the last trading day the cryptocurrency fluctuated 2.22% from a day low at $1.02 to a day high of $1.04. The price has risen in 7 of the last 10 days and is up by 2.39% over the past 2 weeks. Volume fell on the last day by -19 shares and in total, 277 shares were bought and sold for approximately $287.49 . You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The cryptocurrencyis at the upper part of a very wide and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at $1.10 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect BillionHappiness / US Dollar cryptocurrency with a 90% probability to be traded between $0.583 and $1.08 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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BHCUSD Signals & Forecast
The BillionHappiness / US Dollar 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 $1.02 and $0.90. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Saturday, June 29, 2024, and so far it has fallen -5.36%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for BillionHappiness / US Dollar cryptocurrency
BillionHappiness / US Dollar finds support from accumulated volume at $1.03 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 very much during the day (volatility) and with periodic low trading volume this cryptocurrency is considered to be "very high risk". During the last day, the cryptocurrency moved $0.0227 between high and low, or 2.22%. For the last week the cryptocurrency has had daily average volatility of 5.74%.
Our recommended stop-loss: $0.99 (-4.67%) (This cryptocurrency has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 8 days ago.)
Trading Expectations (BHCUSD) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect BillionHappiness / US Dollar to open at $1.03, and during the day (based on 14 day Average True Range), to move between $0.94 and $1.14, which gives a possible trading interval of +/-$0.0998 (+/-9.62%) up or down from last closing price. If BillionHappiness / US Dollar takes out the full calculated possible swing range there will be an estimated 19.23% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $1.04 (0.40%) than the support at $1.03 (0.98%), 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 BillionHappiness / US Dollar cryptocurrency A Buy?
BillionHappiness / US Dollar holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.966 Hold/Accumulate Unchanged
Predicted Opening Price for BillionHappiness / US Dollar of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $1.03 ( 0.357%) | $1.04 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BHCUSD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.06 | 1.83% |
| R2 | 1.05 | 1.00% |
| R1 | 1.04 | 0.479% |
| Price | 1.04 | |
| S1 | 1.03 | -1.19% |
| S2 | 1.02 | -1.71% |
| S3 | 1.01 | -2.54% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.09 | 5.31% |
| R2 | 1.06 | 2.50% |
| R1 | 1.04 | 0.396% |
| Price | 1.04 | |
| S1 | 1.03 | -0.98% |
| S2 | 0.98 | -5.55% |
| S3 | 0.97 | -6.36% |
FAQ
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