Starbase / US Dollar Cryptocurrency Forecast
Evaluation of Starbase / US Dollar cryptocurrency downgraded after the last trading session.
(Updated on Jul 02, 2024)
The Starbase / US Dollar cryptocurrency price fell by -0.0583% on the last day (Tuesday, 2nd Jul 2024) from $0.0051 to $0.0051. During the last trading day the cryptocurrency fluctuated 0.0973% from a day low at $0.0051 to a day high of $0.0051. The price has fallen in 5 of the last 10 days and is down by -0.12% for this period.
The cryptocurrency lies in the upper part of a very wide and strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $0.0055 will firstly indicate a stronger rate of rising. Given the current short-term trend, the cryptocurrency is expected to rise 251.49% during the next 3 months and, with a 90% probability hold a price between $0.0126 and $0.0192 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
STARUSD Signals & Forecast
The Starbase / 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 $0.0051. On a fall, the cryptocurrency will find some support from the long-term average at approximately $0.0033. 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 Tuesday, June 25, 2024, and so far it has fallen -0.136%. 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 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. The very low volume increases the risk and reduces the other technical signals issued. The cryptocurrency had a Golden Star Signal on Sunday, June 02, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Tuesday, September 12, 2023.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the cryptocurrency in question.
Golden Star
The cryptocurrency had a Golden Star Signal on Sunday, June 02, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Tuesday, September 12, 2023.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the cryptocurrency in question.
Golden Star 12 Months
The cryptocurrency had a Golden Star Signal on Sunday, June 02, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Tuesday, September 12, 2023.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the cryptocurrency in question.
Support, Risk & Stop-loss for Starbase / US Dollar cryptocurrency
Starbase / US Dollar finds support from accumulated volume at $0.0051 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 very controlled movements and therefore the general risk is considered very 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 $0.000005 between high and low, or 0.0973%. For the last week the cryptocurrency has had daily average volatility of 0.140%
Our recommended stop-loss: $0.0049 (-4.85%) (This cryptocurrency has low daily movements and this gives low risk. There is a sell signal from a pivot top found 19 days ago.)
Trading Expectations (STARUSD) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Starbase / US Dollar to open at $0.0051, and during the day (based on 14 day Average True Range), to move between $0.0051 and $0.0052, which gives a possible trading interval of +/-$0.00008926 (+/-1.74%) up or down from last closing price. If Starbase / US Dollar takes out the full calculated possible swing range there will be an estimated 3.47% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0051 (0.02%) than the resistance at $0.0051 (0.10%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Starbase / US Dollar cryptocurrency A Buy?
Starbase / 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this cryptocurrency since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.790 Hold/Accumulate Downgraded
Predicted Opening Price for Starbase / US Dollar of Wednesday, July 3, 2024
Fair opening price July 3, 2024 | Current price |
---|---|
$0.0051 ( 0.0194%) | $0.0051 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for STARUSD
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.0051 | 0.117% |
R2 | 0.0051 | 0.0795% |
R1 | 0.0051 | 0.0566% |
Price | 0.0051 | |
S1 | 0.0051 | -0.0177% |
S2 | 0.0051 | -0.0406% |
S3 | 0.0051 | -0.0778% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.0053 | 2.90% |
R2 | 0.0051 | 0.136% |
R1 | 0.0051 | 0.0972% |
Price | 0.0051 | |
S1 | 0.0051 | -0.0194% |
S2 | 0.0051 | -0.0389% |
S3 | 0 | - |
FAQ
Click here for our free guide on how to buy Starbase / US Dollar Cryptocurrency.