Herbalist Token USD Cryptocurrency Forecast

Herbalist Token USD cryptocurrency price down 0% on Monday
(Updated on Jun 24, 2024)

HERBUSD 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 Herbalist Token USD 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 $0.00003663. On a fall, the cryptocurrency will find some support from the short-term average at $0.00003486. 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. A sell signal was issued from a pivot top point on Sunday, June 23, 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 $0.000032 and $0.000031. 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 $0.000032. If this is broken, then the next support from accumulated volume will be at $0.000031 and $0.00003.

In general the cryptocurrency tends to have very controlled movements and therefore the general risk is considered very 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 0.571%

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (HERBUSD) For The Upcoming Trading Day Of Tuesday 25th

For the upcoming trading day on Tuesday, 25th we expect Herbalist Token USD to open at $0.000035, and during the day (based on 14 day Average True Range), to move between $0.00003408 and $0.00003592, which gives a possible trading interval of +/-$0.00000092 (+/-2.64%) up or down from last closing price. If Herbalist Token USD takes out the full calculated possible swing range there will be an estimated 5.28% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.000036 (2.86%) than the support at $0.000032 (8.57%), 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 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: -1.482 Sell Candidate Unchanged

Predicted Opening Price for Herbalist Token USD of Tuesday, June 25, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.