Huobi Token / US Dollar Cryptocurrency Forecast
Red day on Saturday for Huobi Token / US Dollar cryptocurrency after losing 0.93%
(Updated on Apr 27, 2024)
The Huobi Token / US Dollar cryptocurrency price fell by -0.93% on the last day (Saturday, 27th Apr 2024) from $0.585 to $0.580. During the last trading day the cryptocurrency fluctuated 3.65% from a day low at $0.574 to a day high of $0.595. The price has fallen in 6 of the last 10 days and is down by -4.59% for this period. Volume fell on the last day along with the cryptocurrency, which is actually a good sign as volume should follow the cryptocurrency. On the last day, the trading volume fell by -271 thousand shares and in total, 464 thousand shares were bought and sold for approximately $268.91 thousand.
The cryptocurrency lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the cryptocurrency is expected to fall -57.90% during the next 3 months and, with a 90% probability hold a price between $0.0304 and $0.529 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
HTUSD Signals & Forecast
There are mixed signals in the cryptocurrency today. The Huobi Token / US Dollar cryptocurrency holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $0.584 and $0.709. A break-up above any of these levels will issue buy signals. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this cryptocurrency may have low liquidity in periods, which increases the general risk. A buy signal was issued from a pivot bottom point on Tuesday, April 23, 2024, and so far it has risen 1.79%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Huobi Token / US Dollar cryptocurrency
Huobi Token / US Dollar finds support from accumulated volume at $0.575 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 periodic low trading volume this cryptocurrency is considered to be "very high risk". During the last day, the cryptocurrency moved $0.0210 between high and low, or 3.65%. For the last week the cryptocurrency has had daily average volatility of 21.19%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (HTUSD) For The Upcoming Trading Day Of Sunday 28th
For the upcoming trading day on Sunday, 28th we expect Huobi Token / US Dollar to open at $0.583, and during the day (based on 14 day Average True Range), to move between $0.470 and $0.689, which gives a possible trading interval of +/-$0.110 (+/-18.94%) up or down from last closing price. If Huobi Token / US Dollar takes out the full calculated possible swing range there will be an estimated 37.87% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.575 (0.72%) than the resistance at $0.594 (2.51%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Huobi Token / US Dollar cryptocurrency A Buy?
Huobi Token / US Dollar 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: -2.919 Sell Candidate Unchanged
Predicted Opening Price for Huobi Token / US Dollar of Sunday, April 28, 2024
| Fair opening price April 28, 2024 | Current price |
|---|---|
| $0.583 ( 0.601%) | $0.580 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HTUSD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.604 | 4.22 % | |
| R2 | 0.596 | 2.84 % | ||
| R1 | 0.591 | 1.98 % | ||
| Current price: | 0.580 | |||
| Support | S1 | 0.575 | -0.781 % | |
| S2 | 0.570 | -1.64 % | ||
| S3 | 0.562 | -3.02 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.707 | 21.95 % | |
| R2 | 0.613 | 5.83 % | ||
| R1 | 0.594 | 2.51 % | ||
| Current price | 0.580 | |||
| Support | S1 | 0.575 | -0.718% | |
| S2 | 0.571 | -1.47% | ||
| S3 | 0.569 | -1.76% |
FAQ
Click here for our free guide on how to buy Huobi Token / US Dollar Cryptocurrency.
