Helium / US Dollar Cryptocurrency Forecast
Big movements in Helium / US Dollar cryptocurrency price on Saturday moving 13.21% between high and low
(Updated on May 04, 2024)
The Helium / US Dollar cryptocurrency price gained 2.11% on the last trading day (Saturday, 4th May 2024), rising from $5.46 to $5.57. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the cryptocurrency fluctuated 13.21% from a day low at $5.27 to a day high of $5.97. The price has risen in 8 of the last 10 days and is up by 49.37% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 2 million more shares were traded than the day before. In total, 20 million shares were bought and sold for approximately $109.93 million.
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 $5.44, a level that may pose a second chance to hit a runner. According to fan-theory $7.74 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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HNTUSD Signals & Forecast
The Helium / US Dollar 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 $5.39 and $4.99. 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). Volume is rising along with the price. This is considered to be a good technical 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 Monday, April 29, 2024, and so far it has fallen -2.91%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Helium / US Dollar cryptocurrency
Helium / US Dollar finds support from accumulated volume at $5.39 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 very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this cryptocurrency is considered to be "very high risk". During the last day, the cryptocurrency moved $0.696 between high and low, or 13.21%. For the last week, the cryptocurrency has had daily average volatility of 15.09%.
Our recommended stop-loss: $5.32 (-4.53%) (This cryptocurrency has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 5 days ago.)
Trading Expectations (HNTUSD) For The Upcoming Trading Day Of Sunday 5th
For the upcoming trading day on Sunday, 5th we expect Helium / US Dollar to open at $5.60, and during the day (based on 14 day Average True Range), to move between $4.79 and $6.35, which gives a possible trading interval of +/-$0.782 (+/-14.03%) up or down from last closing price. If Helium / US Dollar takes out the full calculated possible swing range there will be an estimated 28.07% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $5.74 (3.00%) than the support at $5.39 (3.16%), 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 Helium / US Dollar cryptocurrency A Buy?
Helium / US Dollar 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: -0.582 Hold/Accumulate Unchanged
Predicted Opening Price for Helium / US Dollar of Sunday, May 5, 2024
| Fair opening price May 5, 2024 | Current price |
|---|---|
| $5.60 ( 0.575%) | $5.57 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HNTUSD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 6.30 | 13.07 % | |
| R2 | 6.03 | 8.30 % | ||
| R1 | 5.87 | 5.35 % | ||
| Current price: | 5.57 | |||
| Support | S1 | 5.34 | -4.20 % | |
| S2 | 5.17 | -7.15 % | ||
| S3 | 4.91 | -11.92 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 6.27 | 12.55 % | |
| R2 | 5.92 | 6.19 % | ||
| R1 | 5.74 | 3.00 % | ||
| Current price | 5.57 | |||
| Support | S1 | 5.39 | -3.16% | |
| S2 | 5.19 | -6.89% | ||
| S3 | 4.50 | -19.21% |
FAQ
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