HecoFi / US Dollar Cryptocurrency Forecast

Red day on Friday for HecoFi / US Dollar cryptocurrency after losing 0%
(Updated on Jun 28, 2024)

HFIUSD Signals & Forecast

The HecoFi / US Dollar cryptocurrency holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the cryptocurrency has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $0.00002286 and $0.00002294. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, May 09, 2024, and so far it has risen 4.55%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. 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 HecoFi / US Dollar cryptocurrency

HecoFi / US Dollar finds support from accumulated volume at $0.000022 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

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 1.82%.

Our recommended stop-loss: $0.00002208 (-4.00%) (This cryptocurrency has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 89 days ago.)

Trading Expectations (HFIUSD) For The Upcoming Trading Day Of Saturday 29th

For the upcoming trading day on Saturday, 29th we expect HecoFi / US Dollar to open at $0.000023, and during the day (based on 14 day Average True Range), to move between $0.00002255 and $0.00002345, which gives a possible trading interval of +/-$0.00000045 (+/-1.97%) up or down from last closing price. If HecoFi / US Dollar takes out the full calculated possible swing range there will be an estimated 3.93% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.000024 (4.35%) than the support at $0.000022 (4.35%), 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 HecoFi / US Dollar cryptocurrency A Buy?

Several short-term signals are positive, despite the cryptocurrency being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for cryptocurrency to perform well in the short-term.

Current score: 1.540 Buy Candidate Unchanged

Predicted Opening Price for HecoFi / US Dollar of Saturday, June 29, 2024

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