BillionHappiness / US Dollar Cryptocurrency Forecast

BillionHappiness / US Dollar cryptocurrency price down 0% on Monday
(Updated on Jun 24, 2024)

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 $0.96 and $0.90. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Sunday, June 23, 2024, and so far it has fallen 0%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.

Sell

Special Signal Notification

Double Top Formation

A sell signal from a double top formation was found on Friday, June 21, 2024 and based on theory for this formation the price should fall by -29.11% to $0.689 within 15 trading days since signal was issued (Saturday, July 06, 2024).

Support, Risk & Stop-loss for BillionHappiness / US Dollar cryptocurrency

On the downside, the cryptocurrency finds support just below today's level from accumulated volume at $0.90 and $0.90. 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, BillionHappiness / US Dollar finds support just below today's level at $0.90. If this is broken, then the next support from accumulated volume will be at $0.90 and $0.777.

In general the cryptocurrency tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the cryptocurrency During the last day, the cryptocurrency moved $0 between high and low, or 0%. For the last week the cryptocurrency has had daily average volatility of 9.45%

Our recommended stop-loss: $0.92 (-5.38%) (This cryptocurrency has low daily movements and this gives low risk. The RSI14 is 81 and this increases the risk substantially. There is a buy signal from a pivot bottom found 18 days ago.)

Trading Expectations (BHCUSD) For The Upcoming Trading Day Of Tuesday 25th

For the upcoming trading day on Tuesday, 25th we expect BillionHappiness / US Dollar to open at $0.97, and during the day (based on 14 day Average True Range), to move between $0.90 and $1.04, which gives a possible trading interval of +/-$0.0701 (+/-7.21%) up or down from last closing price. If BillionHappiness / US Dollar takes out the full calculated possible swing range there will be an estimated 14.43% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $1.03 (6.13%) than the support at $0.90 (7.65%), 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: 0.862 Hold/Accumulate Unchanged

Predicted Opening Price for BillionHappiness / US Dollar of Tuesday, June 25, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.