Voyager Token / US Dollar Cryptocurrency Forecast

Red day on Tuesday for Voyager Token / US Dollar cryptocurrency after losing 3.59%
(Updated on Jul 02, 2024)

VGXUSD Signals & Forecast

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. The Voyager Token / US Dollar cryptocurrency holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $0.0834 and $0.0845. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Sunday, June 30, 2024, and so far it has fallen -15.37%. Further fall is indicated until a new bottom pivot has been found. 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.

Buy

Special Signal Notification

Double Bottom Formation

A buy signal from a double bottom formation was found on Tuesday, June 18, 2024 and based on theory for this formation the price should go up by 37.64% to $0.111 within 65 trading days since signal was issued (Thursday, August 22, 2024).

Support, Risk & Stop-loss for Voyager Token / US Dollar cryptocurrency

Voyager Token / US Dollar finds support from accumulated volume at $0.0777 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 periodic low trading volume this cryptocurrency is considered to be "high risk". During the last day, the cryptocurrency moved $0.0046 between high and low, or 5.70%. For the last week the cryptocurrency has had daily average volatility of 15.53%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (VGXUSD) For The Upcoming Trading Day Of Wednesday 3rd

For the upcoming trading day on Wednesday, 3rd we expect Voyager Token / US Dollar to open at $0.0818, and during the day (based on 14 day Average True Range), to move between $0.0712 and $0.0903, which gives a possible trading interval of +/-$0.0096 (+/-11.86%) up or down from last closing price. If Voyager Token / US Dollar takes out the full calculated possible swing range there will be an estimated 23.73% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.0777 (3.81%) than the resistance at $0.0865 (7.14%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Voyager Token / US Dollar cryptocurrency A Buy?

Voyager Token / US Dollar 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.

Current score: -4.631 Sell Candidate Unchanged

Predicted Opening Price for Voyager Token / US Dollar of Wednesday, July 3, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.