Voyager Token / US Dollar Cryptocurrency Forecast
Green day on Wednesday for Voyager Token / US Dollar
(Updated on Apr 24, 2024)
The Voyager Token / US Dollar cryptocurrency price gained 1.80% on the last trading day (Wednesday, 24th Apr 2024), rising from $0.0834 to $0.0849. It has now gained 6 days in a row. It is not often that cryptocurrencies manage to gain so many days in a row, and falls for a day or two should be expected. During the last trading day the cryptocurrency fluctuated 5.22% from a day low at $0.0824 to a day high of $0.0867. The price has risen in 8 of the last 10 days and is up by 21.81% over the past 2 weeks. Volume fell on the last day by -3 million shares and in total, 2 million shares were bought and sold for approximately $169.98 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 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 -7.77% during the next 3 months and, with a 90% probability hold a price between $0.0630 and $0.137 at the end of this 3-month period.
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VGXUSD Signals & Forecast
There are mixed signals in the cryptocurrency today. The Voyager Token / US Dollar cryptocurrency holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the cryptocurrency giving a more negative forecast for the stock. On further gains, the cryptocurrency will meet resistance from the long-term Moving Average at $0.102. On a fall, the cryptocurrency will find some support from the short-term average at $0.0796. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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. A buy signal was issued from a pivot bottom point on Sunday, April 14, 2024, and so far it has risen 21.81%. Further rise is indicated until a new top pivot has been found.
Support, Risk & Stop-loss for Voyager Token / US Dollar cryptocurrency
Voyager Token / US Dollar finds support from accumulated volume at $0.0813 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 $0.0043 between high and low, or 5.22%. For the last week the cryptocurrency has had daily average volatility of 8.33%.
Since the Voyager Token / US Dollar has been rising for 6 days in a row, the risk over the next couple of days has increased.
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 Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Voyager Token / US Dollar to open at $0.0847, and during the day (based on 14 day Average True Range), to move between $0.0757 and $0.0941, which gives a possible trading interval of +/-$0.0092 (+/-10.86%) 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 21.71% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0851 (0.24%) than the support at $0.0813 (4.24%), 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 Voyager Token / US Dollar cryptocurrency A Buy?
Voyager Token / US Dollar holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this cryptocurrency.
Current score: -3.586 Sell Candidate Unchanged
Predicted Opening Price for Voyager Token / US Dollar of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| $0.0847 ( 0.275%) | $0.0849 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VGXUSD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0890 | 4.79 % | |
| R2 | 0.0873 | 2.86 % | ||
| R1 | 0.0863 | 1.66 % | ||
| Current price: | 0.0849 | |||
| Support | S1 | 0.0830 | -2.21 % | |
| S2 | 0.0820 | -3.40 % | ||
| S3 | 0.0804 | -5.34 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.105 | 24.03 % | |
| R2 | 0.0995 | 17.20 % | ||
| R1 | 0.0851 | 0.236 % | ||
| Current price | 0.0849 | |||
| Support | S1 | 0.0813 | -4.24% | |
| S2 | 0.0760 | -10.48% | ||
| S3 | 0.0752 | -11.43% |
FAQ
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