Rowan Token USD Cryptocurrency Forecast
Volatile ride for Rowan Token USD cryptocurrency price on Wednesday moving between $0.318 and $0.354
(Updated on May 29, 2024)
The Rowan Token USD cryptocurrency price gained 0.646% on the last trading day (Wednesday, 29th May 2024), rising from $0.319 to $0.321. During the last trading day the cryptocurrency fluctuated 11.01% from a day low at $0.318 to a day high of $0.354. The price has risen in 6 of the last 10 days and is up by 26.17% over the past 2 weeks. Volume fell on the last day by -127 thousand shares and in total, 883 thousand shares were bought and sold for approximately $283.43 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The cryptocurrency lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the cryptocurrency is expected to rise 64.56% during the next 3 months and, with a 90% probability hold a price between $0.378 and $0.571 at the end of this 3-month period.
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RWNUSD Signals & Forecast
The Rowan Token USD 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 $0.313 and $0.251. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Monday, May 27, 2024, and so far it has fallen -6.65%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Support, Risk & Stop-loss for Rowan Token USD cryptocurrency
Rowan Token USD finds support from accumulated volume at $0.315 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 $0.0351 between high and low, or 11.01%. For the last week the cryptocurrency has had daily average volatility of 10.13%.
Our recommended stop-loss: $0.311 (-3.21%) (This cryptocurrency has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 19 days ago.)
Trading Expectations (RWNUSD) For The Upcoming Trading Day Of Thursday 30th
For the upcoming trading day on Thursday, 30th we expect Rowan Token USD to open at $0.331, and during the day (based on 14 day Average True Range), to move between $0.296 and $0.346, which gives a possible trading interval of +/-$0.0247 (+/-7.70%) up or down from last closing price. If Rowan Token USD takes out the full calculated possible swing range there will be an estimated 15.40% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.315 (1.89%) than the resistance at $0.344 (7.13%), 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: 4.140 Buy Candidate Unchanged
Predicted Opening Price for Rowan Token USD of Thursday, May 30, 2024
| Fair opening price May 30, 2024 | Current price |
|---|---|
| $0.331 ( 3.12%) | $0.321 |
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 | 0.366 | 14.05 % | |
| R2 | 0.353 | 9.87 % | ||
| R1 | 0.344 | 7.29 % | ||
| Current price: | 0.321 | |||
| Support | S1 | 0.318 | -1.06 % | |
| S2 | 0.309 | -3.63 % | ||
| S3 | 0.296 | -7.81 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0.344 | 7.13 % | ||
| Current price | 0.321 | |||
| Support | S1 | 0.315 | -1.89% | |
| S2 | 0.260 | -19.13% | ||
| S3 | 0.259 | -19.31% |
FAQ
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