Handy / US Dollar Cryptocurrency Forecast
Volatile ride for Handy / US Dollar cryptocurrency price on Sunday moving between $0.0003 and $0.0007
(Updated on May 19, 2024)
The Handy / US Dollar cryptocurrency price fell by -37.06% on the last day (Sunday, 19th May 2024) from $0.0004 to $0.0003. During the last trading day the cryptocurrency fluctuated 168.20% from a day low at $0.0003 to a day high of $0.0007. The price has been going up and down for this period, and there has been a 3.85% gain for the last 2 weeks. Volume has increased on the last day by 12 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 12 thousand shares were bought and sold for approximately $3.37 .
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 -49.46% during the next 3 months and, with a 90% probability hold a price between $0.00005778 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
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. The Handy / US Dollar cryptocurrency holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $0.0003 and $0.0003. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Saturday, May 18, 2024, and so far it has fallen -37.06%. Further fall is indicated until a new bottom pivot has been found. Handy / US Dollar gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.
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 $0.0004 between high and low, or 168.20%. For the last week, the cryptocurrency has had daily average volatility of 36.10%.
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 Monday 20th
For the upcoming trading day on Monday, 20th we expect Handy / US Dollar to open at $0.0004, 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 +/-$0.00006366 (+/-23.58%) up or down from last closing price. If Handy / US Dollar takes out the full calculated possible swing range there will be an estimated 47.15% 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 (3.70%) than the resistance at $0.0003 (4.44%), 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 is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this cryptocurrency. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this cryptocurrency since the last evaluation from a Buy to a Strong Sell candidate.
Current score: -5.872 Strong Sell Candidate Downgraded
Predicted Opening Price for Handy / US Dollar of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| $0.0004 ( 51.98%) | $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 | 0.0008 | 214.57 % | |
| R2 | 0.0007 | 152.46 % | ||
| R1 | 0.0006 | 114.09 % | ||
| Current price: | 0.0003 | |||
| Support | S1 | 0.0002 | -10.14 % | |
| S2 | 0.0001 | -48.51 % | ||
| S3 | -0.00002867 | -110.62 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0003 | 22.59 % | |
| R2 | 0.0003 | 4.81 % | ||
| R1 | 0.0003 | 4.44 % | ||
| Current price | 0.0003 | |||
| Support | S1 | 0.0003 | -3.70% | |
| S2 | 0.0003 | -5.56% | ||
| S3 | 0.0002 | -17.78% |
FAQ
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