VCGamers USD Cryptocurrency Forecast
Weaker technical forecast for VCGamers USD as cryptocurrency downgraded to Sell Candidate.
(Updated on Jun 01, 2024)
The VCGamers USD cryptocurrency price fell by -0.362% on the last day (Saturday, 1st Jun 2024) from $0.0100 to $0.0099. It has now fallen 5 days in a row. During the last trading day the cryptocurrency fluctuated 0.363% from a day low at $0.0099 to a day high of $0.0100. The price has fallen in 7 of the last 10 days and is down by -7.37% 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 -10 shares and in total, 5 shares were bought and sold for approximately $0.0496 .
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 -13.89% during the next 3 months and, with a 90% probability hold a price between $0.0071 and $0.0117 at the end of this 3-month period.
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VCGUSD Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 6.59%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The VCGamers USD cryptocurrency holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $0.0101 and $0.0100. A break-up above any of these levels will issue buy signals. 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.
Support, Risk & Stop-loss for VCGamers USD cryptocurrency
VCGamers USD finds support from accumulated volume at $0.0099 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 controlled movements and therefore the general risk is considered 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 $0.000036 between high and low, or 0.363%. For the last week the cryptocurrency has had daily average volatility of 0.80%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (VCGUSD) For The Upcoming Trading Day Of Sunday 2nd
For the upcoming trading day on Sunday, 2nd we expect VCGamers USD to open at $0.0099, and during the day (based on 14 day Average True Range), to move between $0.0098 and $0.0101, which gives a possible trading interval of +/-$0.0001 (+/-1.50%) up or down from last closing price. If VCGamers USD takes out the full calculated possible swing range there will be an estimated 3.01% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0099 (0.26%) than the resistance at $0.0113 (13.96%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is VCGamers USD cryptocurrency A Buy?
VCGamers USD holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this cryptocurrency. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this cryptocurrency since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.113 Sell Candidate Downgraded
Predicted Opening Price for VCGamers USD of Sunday, June 2, 2024
| Fair opening price June 2, 2024 | Current price |
|---|---|
| $0.0099 ( 0.121%) | $0.0099 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VCGUSD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0100 | 0.484 % | |
| R2 | 0.0100 | 0.345 % | ||
| R1 | 0.0099 | 0.260 % | ||
| Current price: | 0.0099 | |||
| Support | S1 | 0.0099 | -0.0177 % | |
| S2 | 0.0099 | -0.103 % | ||
| S3 | 0.0099 | -0.242 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0121 | 21.99 % | |
| R2 | 0.0120 | 21.03 % | ||
| R1 | 0.0113 | 13.96 % | ||
| Current price | 0.0099 | |||
| Support | S1 | 0.0099 | -0.262% | |
| S2 | 0.0098 | -1.18% | ||
| S3 | 0.0097 | -2.68% |
FAQ
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