BillionHappiness / US Dollar Cryptocurrency Forecast
A very strong day for BillionHappiness / US Dollar cryptocurrency price on Friday
(Updated on Jun 28, 2024)
The BillionHappiness / US Dollar cryptocurrency price gained 8.85% on the last trading day (Friday, 28th Jun 2024), rising from $1.00 to $1.09. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the cryptocurrency fluctuated 0.0146% from a day low at $1.09 to a day high of $1.09. The price has risen in 6 of the last 10 days and is up by 22.47% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 761 more shares were traded than the day before. In total, 3 thousand shares were bought and sold for approximately $3.38 thousand.
The cryptocurrencyhas broken the very wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is $0.98, a level that may pose a second chance to hit a runner. According to fan-theory $1.47 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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BHCUSD Signals & Forecast
Mostly positive signals in the chart today. 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 $0.93 and $0.89. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, June 24, 2024, and so far it has risen 64.00%. 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). BillionHappiness / US Dollar has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. 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 $1.04 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 a large prediction interval from the Bollinger Band this cryptocurrency is considered to be "high risk". During the last day, the cryptocurrency moved $0.0002 between high and low, or 0.0146%. For the last week, the cryptocurrency has had daily average volatility of 17.27%.
Our recommended stop-loss: $1.05 (-3.70%) (This cryptocurrency has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 22 days ago.)
Trading Expectations (BHCUSD) For The Upcoming Trading Day Of Saturday 29th
For the upcoming trading day on Saturday, 29th we expect BillionHappiness / US Dollar to open at $1.09, and during the day (based on 14 day Average True Range), to move between $0.99 and $1.20, which gives a possible trading interval of +/-$0.103 (+/-9.38%) up or down from last closing price. If BillionHappiness / US Dollar takes out the full calculated possible swing range there will be an estimated 18.76% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $1.14 (4.05%) than the support at $1.04 (4.66%), 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?
Several short-term signals are positive and the break-up from the falling trend indicates a possible shift for a trend. We believe that the prices around the breaking point will indicate particularly good levels, but we also believe that the current level will hold a possible good buy level for the short-term period.
Current score: 2.539 Buy Candidate Unchanged
Predicted Opening Price for BillionHappiness / US Dollar of Saturday, June 29, 2024
| Fair opening price June 29, 2024 | Current price |
|---|---|
| $1.09 ( 0.0049%) | $1.09 |
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 | 1.09 | 0.0098% |
| R2 | 1.09 | 0.0042% |
| R1 | 1.09 | 0.0007% |
| Price | 1.09 | |
| S1 | 1.09 | -0.0105% |
| S2 | 1.09 | -0.0139% |
| S3 | 1.09 | -0.0195% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.34 | 22.21% |
| R2 | 1.19 | 8.69% |
| R1 | 1.14 | 4.05% |
| Price | 1.09 | |
| S1 | 1.04 | -4.66% |
| S2 | 1.03 | -5.96% |
| S3 | 0.98 | -10.30% |
FAQ
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