Helium / US Dollar 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
Helium / US Dollar cryptocurrency upgraded to Hold/Accumulate.
(Updated on May 17, 2024)
The Helium / US Dollar cryptocurrency price fell by -3.64% on the last day (Friday, 17th May 2024) from $4.97 to $4.79. During the last trading day the cryptocurrency fluctuated 9.29% from a day low at $4.55 to a day high of $4.97. The price has risen in 5 of the last 10 days but is still down by -5.97% for this period. Volume has increased on the last day by 11 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 11 million shares were bought and sold for approximately $55.03 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 $4.63, a level that may pose a second chance to hit a runner. According to fan-theory $6.95 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 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 $4.82. On a fall, the cryptocurrency will find some support from the long-term average at approximately $4.67. 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 Monday, April 29, 2024, and so far it has fallen -16.54%. 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 rose on falling prices yesterday. This may be an early warning and the cryptocurrency should be followed more closely.
Support, Risk & Stop-loss for Helium / US Dollar cryptocurrency
On the downside, the cryptocurrency finds support just below today's level from accumulated volume at $4.50 and $4.16. 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, Helium / US Dollar finds support just below today's level at $4.50. If this is broken, then the next support from accumulated volume will be at $4.16 and $4.12.
This cryptocurrency may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this cryptocurrency is considered to be "high risk". During the last day, the cryptocurrency moved $0.422 between high and low, or 9.29%. For the last week, the cryptocurrency has had daily average volatility of 6.70%.
Our recommended stop-loss: $4.60 (-4.00%) (This cryptocurrency has high daily movements and this gives high risk. There is a sell signal from a pivot top found 18 days ago.)
Trading Expectations (HNTUSD) For The Upcoming Trading Day Of Saturday 18th
For the upcoming trading day on Saturday, 18th we expect Helium / US Dollar to open at $4.77, and during the day (based on 14 day Average True Range), to move between $4.26 and $5.31, which gives a possible trading interval of +/-$0.524 (+/-10.95%) up or down from last closing price. If Helium / US Dollar takes out the full calculated possible swing range there will be an estimated 21.90% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $4.50 (6.02%) than the resistance at $5.19 (8.31%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Helium / US Dollar cryptocurrency A Buy?
Helium / US Dollar holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation 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: 0.000 Hold/Accumulate Upgraded
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Helium / US Dollar of Saturday, May 18, 2024
| Fair opening price May 18, 2024 | Current price |
|---|---|
| $4.77 ( 0.402%) | $4.79 |
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 | 5.19 | 8.42 % | |
| R2 | 5.03 | 5.05 % | ||
| R1 | 4.93 | 2.97 % | ||
| Current price: | 4.79 | |||
| Support | S1 | 4.61 | -3.77 % | |
| S2 | 4.51 | -5.85 % | ||
| S3 | 4.35 | -9.22 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.74 | 19.82 % | |
| R2 | 5.39 | 12.66 % | ||
| R1 | 5.19 | 8.31 % | ||
| Current price | 4.79 | |||
| Support | S1 | 4.50 | -6.02% | |
| S2 | 4.16 | -13.12% | ||
| S3 | 4.12 | -13.97% |
FAQ
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