Starbase / US Dollar Cryptocurrency Forecast
Red day on Thursday for Starbase / US Dollar cryptocurrency after losing 0%
(Updated on May 16, 2024)
No changes to the price of Starbase / US Dollar cryptocurrency on the last trading day (Thursday, 16th May 2024). During the last trading day the cryptocurrency fluctuated 0% from a day low at $0.0006 to a day high of $0.0006. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks.
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. Due to the high volatility and the trend direction we are not able to give forecast range for this stock.
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STARUSD Signals & Forecast
The Starbase / 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 $0.0006 and $0.0006. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, April 24, 2024, and so far it has risen 0.167%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued. The cryptocurrency had a Golden Star Signal on Tuesday, September 12, 2023 in the long-term chart.
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 Tuesday, September 12, 2023 in the long-term chart.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 $0.0006 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 between high and low, or 0%. For the last week the cryptocurrency has had daily average volatility of 0.0333%
Our recommended stop-loss: $0.0006 (-5.99%) (This cryptocurrency has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 22 days ago.)
Trading Expectations (STARUSD) For The Upcoming Trading Day Of Friday 17th
For the upcoming trading day on Friday, 17th we expect Starbase / US Dollar to open at $0.0006, and during the day (based on 14 day Average True Range), to move between $0.0006 and $0.0006, which gives a possible trading interval of +/-$0.00002297 (+/-3.83%) up or down from last closing price. If Starbase / US Dollar takes out the full calculated possible swing range there will be an estimated 7.66% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0006 (0.05%) than the support at $0.0006 (0.14%), 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 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.
Current score: 0.131 Hold/Accumulate Unchanged
Predicted Opening Price for Starbase / US Dollar of Friday, May 17, 2024
Fair opening price May 17, 2024 | Current price |
---|---|
$0.0006 ( 0%) | $0.0006 |
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 | |||
---|---|---|---|---|
Resistance | R3 | 0.0006 | . | |
R2 | 0.0006 | . | ||
R1 | 0.0006 | . | ||
Current price: | 0.0006 | |||
Support | S1 | 0.0006 | . | |
S2 | 0.0006 | . | ||
S3 | 0.0006 | . |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0.0007 | 15.00 % | ||
R1 | 0.0006 | 0.0516 % | ||
Current price | 0.0006 | |||
Support | S1 | 0.0006 | -0.144% | |
S2 | 0.0006 | -0.167% | ||
S3 | 0 | . |
FAQ
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