Harvest Finance / US Dollar Cryptocurrency Forecast
Harvest Finance / US Dollar cryptocurrency price ended at $76.10 on Wednesday, after gaining 0.277%.
(Updated on May 22, 2024)
The Harvest Finance / US Dollar cryptocurrency price gained 0.277% on the last trading day (Wednesday, 22nd May 2024), rising from $75.89 to $76.10. During the last trading day the cryptocurrency fluctuated 6.86% from a day low at $73.93 to a day high of $79.00. The price has fallen in 6 of the last 10 days but is still up by 6.23% over the past 2 weeks. Volume fell on the last day by -8 million shares and in total, 5 million shares were bought and sold for approximately $406.69 million. 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 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 49.50% during the next 3 months and, with a 90% probability hold a price between $100.06 and $168.14 at the end of this 3-month period.
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FARMUSD Signals & Forecast
The Harvest Finance / US Dollar cryptocurrency holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the cryptocurrency has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $72.65 and $75.45. 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). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The cryptocurrency should be watched closely. 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, April 11, 2024, and so far it has fallen -20.16%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Harvest Finance / US Dollar cryptocurrency
Harvest Finance / US Dollar finds support from accumulated volume at $73.36 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 $5.07 between high and low, or 6.86%. For the last week, the cryptocurrency has had daily average volatility of 11.38%.
Our recommended stop-loss: $71.85 (-5.58%) (This cryptocurrency has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 48 days ago.)
Trading Expectations (FARMUSD) For The Upcoming Trading Day Of Thursday 23rd
For the upcoming trading day on Thursday, 23rd we expect Harvest Finance / US Dollar to open at $76.34, and during the day (based on 14 day Average True Range), to move between $68.26 and $83.94, which gives a possible trading interval of +/-$7.84 (+/-10.30%) up or down from last closing price. If Harvest Finance / US Dollar takes out the full calculated possible swing range there will be an estimated 20.59% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $76.55 (0.59%) than the support at $73.36 (3.60%), 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 Harvest Finance / US Dollar cryptocurrency A Buy?
Harvest Finance / 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: 0.868 Hold/Accumulate Unchanged
Predicted Opening Price for Harvest Finance / US Dollar of Thursday, May 23, 2024
| Fair opening price May 23, 2024 | Current price |
|---|---|
| $76.34 ( 0.320%) | $76.10 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FARMUSD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 81.41 | 6.98 % | |
| R2 | 79.48 | 4.44 % | ||
| R1 | 78.28 | 2.86 % | ||
| Current price: | 76.10 | |||
| Support | S1 | 74.41 | -2.23 % | |
| S2 | 73.21 | -3.80 % | ||
| S3 | 71.27 | -6.34 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 87.60 | 15.11 % | |
| R2 | 85.41 | 12.23 % | ||
| R1 | 76.55 | 0.591 % | ||
| Current price | 76.10 | |||
| Support | S1 | 73.36 | -3.60% | |
| S2 | 73.34 | -3.63% | ||
| S3 | 67.63 | -11.13% |
FAQ
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