Herbalist Token USD Cryptocurrency Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Red day on Monday for Herbalist Token USD
(Updated on Jun 10, 2024)
No changes to the price of Herbalist Token USD cryptocurrency on the last trading day (Monday, 10th Jun 2024). During the last trading day the cryptocurrency fluctuated 0% from a day low at $0.000037 to a day high of $0.000037. The price has been going up and down for this period, and there has been a -2.63% loss for the last 2 weeks.
The cryptocurrency is moving within a very wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Herbalist Token USD cryptocurrency with a 90% probability to be traded between $0.00002957 and $0.00003951 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and cryptocurrencies seldom manage to go directly from the bottom of a trend up to the top. Cryptocurrencies turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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HERBUSD Signals & Forecast
The Herbalist Token USD cryptocurrency holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the cryptocurrency giving a positive forecast for the stock. On further gains, the cryptocurrency will meet resistance from the short-term Moving Average at approximately $0.00003757. On a fall, the cryptocurrency will find some support from the long-term average at approximately $0.00003474. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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 Wednesday, June 05, 2024, and so far it has fallen -5.13%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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.
In general the cryptocurrency tends to have controlled movements and therefore the general risk is considered low. However, be aware of low or falling volume and make sure to keep an eye on the cryptocurrency. During the last day, the cryptocurrency moved $0 between high and low, or 0%. For the last week the cryptocurrency has had daily average volatility of 1.64%.
Our recommended stop-loss: $0.00003517 (-4.96%) (This cryptocurrency has low daily movements and this gives low risk. There is a sell signal from a pivot top found 14 days ago.)
Trading Expectations (HERBUSD) For The Upcoming Trading Day Of Tuesday 11th
For the upcoming trading day on Tuesday, 11th we expect Herbalist Token USD to open at $0.000037, and during the day (based on 14 day Average True Range), to move between $0.00003610 and $0.00003790, which gives a possible trading interval of +/-$0.00000090 (+/-2.43%) up or down from last closing price. If Herbalist Token USD takes out the full calculated possible swing range there will be an estimated 4.85% 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?
Herbalist Token USD 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: 0.616 Hold/Accumulate Unchanged
Predicted Opening Price for Herbalist Token USD of Tuesday, June 11, 2024
| Fair opening price June 11, 2024 | Current price |
|---|---|
| $0.000037 ( 0%) | $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 | |
|---|---|---|
| R3 | 0.000037 | - |
| R2 | 0.000037 | - |
| R1 | 0.000037 | - |
| Price | 0.000037 | |
| S1 | 0.000037 | - |
| S2 | 0.000037 | - |
| S3 | 0.000037 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.00004 | 8.11% |
| R2 | 0.000039 | 5.41% |
| R1 | 0.000038 | 2.70% |
| Price | 0.000037 | |
| S1 | 0.000035 | -5.41% |
| S2 | 0.000033 | -10.81% |
| S3 | 0.000031 | -16.22% |
FAQ
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