Rowan Token USD Cryptocurrency Forecast
Green day on Tuesday for Rowan Token USD
(Updated on May 07, 2024)
The Rowan Token USD cryptocurrency price gained 2.33% on the last trading day (Tuesday, 7th May 2024), rising from $0.226 to $0.231. During the last trading day the cryptocurrency fluctuated 3.55% from a day low at $0.227 to a day high of $0.235. The price has risen in 6 of the last 10 days and is up by 12.3% 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, 162 thousand more shares were traded than the day before. In total, 569 thousand shares were bought and sold for approximately $131.51 thousand.
The cryptocurrency lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.208 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the cryptocurrency is expected to rise 89.52% during the next 3 months and, with a 90% probability hold a price between $0.394 and $0.616 at the end of this 3-month period.
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RWNUSD Signals & Forecast
The Rowan Token USD 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 $0.235. On a fall, the cryptocurrency will find some support from the long-term average at approximately $0.221. 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. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Rowan Token USD has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. 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 Saturday, March 30, 2024, and so far it has fallen -10.98%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Rowan Token USD cryptocurrency
Rowan Token USD finds support from accumulated volume at $0.229 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 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 $0.0081 between high and low, or 3.55%. For the last week, the cryptocurrency has had daily average volatility of 7.60%.
Our recommended stop-loss: $0.217 (-6.14%) (This cryptocurrency has high daily movements and this gives high risk. There is a sell signal from a pivot top found 38 days ago.)
Trading Expectations (RWNUSD) For The Upcoming Trading Day Of Wednesday 8th
For the upcoming trading day on Wednesday, 8th we expect Rowan Token USD to open at $0.231, and during the day (based on 14 day Average True Range), to move between $0.207 and $0.255, which gives a possible trading interval of +/-$0.0241 (+/-10.44%) up or down from last closing price. If Rowan Token USD takes out the full calculated possible swing range there will be an estimated 20.88% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.229 (0.91%) than the resistance at $0.237 (2.52%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Rowan Token USD cryptocurrency A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Rowan Token USD cryptocurrency to perform well in the short-term.
Current score: 2.776 Buy Candidate Unchanged
Predicted Opening Price for Rowan Token USD of Wednesday, May 8, 2024
| Fair opening price May 8, 2024 | Current price |
|---|---|
| $0.231 ( 0.0289%) | $0.231 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for RWNUSD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.239 | 3.46 % | |
| R2 | 0.236 | 2.13 % | ||
| R1 | 0.234 | 1.30 % | ||
| Current price: | 0.231 | |||
| Support | S1 | 0.228 | -1.36 % | |
| S2 | 0.226 | -2.18 % | ||
| S3 | 0.223 | -3.52 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.260 | 12.33 % | |
| R2 | 0.259 | 12.09 % | ||
| R1 | 0.237 | 2.52 % | ||
| Current price | 0.231 | |||
| Support | S1 | 0.229 | -0.91% | |
| S2 | 0.199 | -13.81% | ||
| S3 | 0.178 | -23.05% |
FAQ
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