Herbalist Token USD Cryptocurrency Forecast
Herbalist Token USD cryptocurrency downgraded from Strong Buy Candidate to Buy Candidate after Wednesday trading session.
(Updated on May 22, 2024)
No changes to the price of Herbalist Token USD cryptocurrency on the last trading day (Wednesday, 22nd May 2024). During the last trading day the cryptocurrency fluctuated 2.70% from a day low at $0.000037 to a day high of $0.000038. The price has risen in 5 of the last 10 days and is up by 27.59% over the past 2 weeks.
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 $0.00003694, a level that may pose a second chance to hit a runner. According to fan-theory $0.00004613 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
HERBUSD Signals & Forecast
The Herbalist Token USD 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 $0.00003314 and $0.00003117. 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). 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 Tuesday, May 21, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Herbalist Token USD cryptocurrency
On the downside, the cryptocurrency finds support just below today's level from accumulated volume at $0.000035 and $0.000033. There is a natural risk involved when a cryptocurrency is testing a support level, since if this is broken, the cryptocurrency then may fall to the next support level. In this case, Herbalist Token USD finds support just below today's level at $0.000035. If this is broken, then the next support from accumulated volume will be at $0.000033 and $0.000031.
This cryptocurrency has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the cryptocurrency moved $0.000001 between high and low, or 2.70%. For the last week the cryptocurrency has had daily average volatility of 4.23%.
The Herbalist Token USD cryptocurrency is extremely overbought on RSI14 (82). Normally this may pose a good selling opportunity but since the cryptocurrency has broken the trend up, the chance for a major correction due to high RSI is very small as the cryptocurrency will find support at the trend broken.
Our recommended stop-loss: $0.00003576 (-3.36%) (This cryptocurrency has medium daily movements and this gives medium risk. The RSI14 is 82 and this increases the risk substantially. There is a sell signal from a pivot top found 21 days ago.)
Trading Expectations (HERBUSD) For The Upcoming Trading Day Of Thursday 23rd
For the upcoming trading day on Thursday, 23rd we expect Herbalist Token USD to open at $0.00003733, and during the day (based on 14 day Average True Range), to move between $0.00003567 and $0.00003833, which gives a possible trading interval of +/-$0.00000133 (+/-3.61%) up or down from last closing price. If Herbalist Token USD takes out the full calculated possible swing range there will be an estimated 7.21% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.000038 (2.70%) than the support at $0.000035 (5.41%), 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 Herbalist Token USD 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this cryptocurrency since the last evaluation from a Strong Buy to a Buy candidate.
Current score: 1.819 Buy Candidate Downgraded
Predicted Opening Price for Herbalist Token USD of Thursday, May 23, 2024
| Fair opening price May 23, 2024 | Current price |
|---|---|
| $0.00003733 ( 0.90%) | $0.000037 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HERBUSD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.00003833 | 3.60 % | |
| R2 | 0.00003795 | 2.57 % | ||
| R1 | 0.00003772 | 1.93 % | ||
| Current price: | 0.000037 | |||
| Support | S1 | 0.00003695 | -0.132 % | |
| S2 | 0.00003672 | -0.769 % | ||
| S3 | 0.00003633 | -1.80 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.00004 | 8.11 % | |
| R2 | 0.000039 | 5.41 % | ||
| R1 | 0.000038 | 2.70 % | ||
| Current price | 0.000037 | |||
| Support | S1 | 0.000035 | -5.41% | |
| S2 | 0.000033 | -10.81% | ||
| S3 | 0.000031 | -16.22% |
FAQ
Click here for our free guide on how to buy Herbalist Token USD Cryptocurrency.
