Handy / US Dollar Cryptocurrency Forecast
Big movements in Handy / US Dollar cryptocurrency price on Wednesday moving 15.56% between high and low
(Updated on May 08, 2024)
The Handy / US Dollar cryptocurrency price gained 15.56% on the last trading day (Wednesday, 8th May 2024), rising from $0.0002 to $0.0003. During the last trading day the cryptocurrency fluctuated 15.56% from a day low at $0.0002 to a day high of $0.0003. The price has risen in 6 of the last 10 days and is up by 1.96% 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, 45 more shares were traded than the day before. In total, 50 shares were bought and sold for approximately $0.0130 .
The cryptocurrency lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the cryptocurrency is expected to fall -46.41% during the next 3 months and, with a 90% probability hold a price between $0.00009052 and $0.0002 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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HANDYUSD Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 30, 2024, and so far it has risen 28.08%. 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). Handy / 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Handy / US Dollar cryptocurrency holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the cryptocurrency giving a more negative forecast for the stock. On further gains, the cryptocurrency will meet resistance from the long-term Moving Average at $0.0003. On a fall, the cryptocurrency will find some support from the short-term average at $0.0002. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal.
Support, Risk & Stop-loss for Handy / US Dollar cryptocurrency
Handy / US Dollar finds support from accumulated volume at $0.0003 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 a very large prediction interval from the Bollinger Band this cryptocurrency is considered to be "very high risk". During the last day, the cryptocurrency moved $0.000035 between high and low, or 15.56%. For the last week, the cryptocurrency has had daily average volatility of 18.19%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (HANDYUSD) For The Upcoming Trading Day Of Thursday 9th
For the upcoming trading day on Thursday, 9th we expect Handy / US Dollar to open at $0.0002, and during the day (based on 14 day Average True Range), to move between $0.0002 and $0.0003, which gives a possible trading interval of +/-$0.00004963 (+/-19.09%) up or down from last closing price. If Handy / US Dollar takes out the full calculated possible swing range there will be an estimated 38.17% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0003 (1.58%) than the resistance at $0.0003 (8.46%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Handy / US Dollar cryptocurrency A Buy?
Handy / US Dollar holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this cryptocurrency.
Current score: -3.431 Sell Candidate Unchanged
Predicted Opening Price for Handy / US Dollar of Thursday, May 9, 2024
| Fair opening price May 9, 2024 | Current price |
|---|---|
| $0.0002 ( 4.49%) | $0.0003 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HANDYUSD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0003 | 8.97 % | |
| R2 | 0.0003 | 3.83 % | ||
| R1 | 0.0003 | 0.655 % | ||
| Current price: | 0.0003 | |||
| Support | S1 | 0.0002 | -9.63 % | |
| S2 | 0.0002 | -12.81 % | ||
| S3 | 0.0002 | -17.95 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0003 | 12.69 % | |
| R2 | 0.0003 | 8.85 % | ||
| R1 | 0.0003 | 8.46 % | ||
| Current price | 0.0003 | |||
| Support | S1 | 0.0003 | -1.58% | |
| S2 | 0.0003 | -1.92% | ||
| S3 | 0.0002 | -14.62% |
FAQ
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