Hellenic Coin Cryptocurrency Forecast

Hellenic Coin cryptocurrency upgraded from Sell Candidate to Hold/Accumulate after Monday trading session.
(Updated on May 20, 2024)

HNCUSD Signals & Forecast

There are mixed signals in the cryptocurrency today. The Hellenic Coin 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 $0.0296. On a fall, the cryptocurrency will find some support from the short-term average at $0.0272. 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 Saturday, April 13, 2024, and so far it has fallen -38.45%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Hellenic Coin cryptocurrency

Hellenic Coin finds support from accumulated volume at $0.0273 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 $0.0012 between high and low, or 4.42%. For the last week the cryptocurrency has had daily average volatility of 2.70%.

Our recommended stop-loss: $0.0259 (-5.52%) (This cryptocurrency has high daily movements and this gives high risk. There is a sell signal from a pivot top found 54 days ago.)

Trading Expectations (HNCUSD) For The Upcoming Trading Day Of Tuesday 21st

For the upcoming trading day on Tuesday, 21st we expect Hellenic Coin to open at $0.0272, and during the day (based on 14 day Average True Range), to move between $0.0239 and $0.0309, which gives a possible trading interval of +/-$0.0035 (+/-12.87%) up or down from last closing price. If Hellenic Coin takes out the full calculated possible swing range there will be an estimated 25.75% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.0273 (0.46%) than the resistance at $0.0280 (2.40%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Hellenic Coin cryptocurrency A Buy?

Hellenic Coin 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. We have upgraded our analysis conclusion for this cryptocurrency since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: -0.656 Hold/Accumulate Upgraded

Predicted Opening Price for Hellenic Coin of Tuesday, May 21, 2024

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