Hubble Protocol USD Cryptocurrency Forecast
Hubble Protocol USD cryptocurrency price down 3.48% on Monday
(Updated on May 27, 2024)
The Hubble Protocol USD cryptocurrency price fell by -3.48% on the last day (Monday, 27th May 2024) from $0.139 to $0.134. During the last trading day the cryptocurrency fluctuated 4.30% from a day low at $0.133 to a day high of $0.139. The price has fallen in 5 of the last 10 days and is down by -4.14% for this period. Volume fell on the last day along with the cryptocurrency, which is actually a good sign as volume should follow the cryptocurrency. On the last day, the trading volume fell by -5 thousand shares and in total, 629 thousand shares were bought and sold for approximately $84.31 thousand.
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 -58.43% during the next 3 months and, with a 90% probability hold a price between $0.0353 and $0.0757 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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HBBUSD Signals & Forecast
There are mixed signals in the cryptocurrency today. The Hubble Protocol USD cryptocurrency holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $0.140 and $0.152. A break-up above any of these levels will issue buy signals. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this cryptocurrency may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued. A buy signal was issued from a pivot bottom point on Tuesday, May 14, 2024, and so far it has risen 9.71%. 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).
Support, Risk & Stop-loss for Hubble Protocol USD cryptocurrency
Hubble Protocol USD finds support from accumulated volume at $0.130 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 periodic low trading volume this cryptocurrency is considered to be "high risk". During the last day, the cryptocurrency moved $0.0057 between high and low, or 4.30%. For the last week the cryptocurrency has had daily average volatility of 2.70%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (HBBUSD) For The Upcoming Trading Day Of Tuesday 28th
For the upcoming trading day on Tuesday, 28th we expect Hubble Protocol USD to open at $0.136, and during the day (based on 14 day Average True Range), to move between $0.126 and $0.142, which gives a possible trading interval of +/-$0.0083 (+/-6.18%) up or down from last closing price. If Hubble Protocol USD takes out the full calculated possible swing range there will be an estimated 12.35% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.135 (0.92%) than the support at $0.130 (3.19%), 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 Hubble Protocol USD cryptocurrency A Buy?
Hubble Protocol USD 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: -2.943 Sell Candidate Unchanged
Predicted Opening Price for Hubble Protocol USD of Tuesday, May 28, 2024
| Fair opening price May 28, 2024 | Current price |
|---|---|
| $0.136 ( 1.04%) | $0.134 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HBBUSD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.141 | 5.31 % | |
| R2 | 0.139 | 3.68 % | ||
| R1 | 0.138 | 2.67 % | ||
| Current price: | 0.134 | |||
| Support | S1 | 0.133 | -0.596 % | |
| S2 | 0.132 | -1.60 % | ||
| S3 | 0.130 | -3.24 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.160 | 18.99 % | |
| R2 | 0.140 | 4.32 % | ||
| R1 | 0.135 | 0.92 % | ||
| Current price | 0.134 | |||
| Support | S1 | 0.130 | -3.19% | |
| S2 | 0.124 | -7.83% | ||
| S3 | 0.122 | -8.85% |
FAQ
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