Wagie Bot USD Cryptocurrency Forecast
Stronger technical forecast for Wagie Bot USD cryptocurrency price after Friday trading.
(Updated on Jun 28, 2024)
The Wagie Bot USD cryptocurrency price gained 1.23% on the last trading day (Friday, 28th Jun 2024), rising from $0.0556 to $0.0563. During the last trading day the cryptocurrency fluctuated 1.29% from a day low at $0.0557 to a day high of $0.0564. The price has been going up and down for this period, and there has been a -10.48% loss for the last 2 weeks. Volume fell on the last day by -4 thousand shares and in total, 287 thousand shares were bought and sold for approximately $16.18 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 the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $0.0612 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the cryptocurrency is expected to fall -33.69% during the next 3 months and, with a 90% probability hold a price between $0.0228 and $0.0406 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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WAGIEBOTUSD Signals & Forecast
There are few to no technical positive signals at the moment. The Wagie Bot USD 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 $0.0591 and $0.0639. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, May 24, 2024, and so far it has fallen -23.03%. Further fall is indicated until a new bottom pivot has been found. 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 not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Wagie Bot USD cryptocurrency
Wagie Bot USD finds support from accumulated volume at $0.0556 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This cryptocurrency has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the cryptocurrency moved $0.0007 between high and low, or 1.29%. For the last week the cryptocurrency has had daily average volatility of 4.32%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (WAGIEBOTUSD) For The Upcoming Trading Day Of Saturday 29th
For the upcoming trading day on Saturday, 29th we expect Wagie Bot USD to open at $0.0561, and during the day (based on 14 day Average True Range), to move between $0.0542 and $0.0583, which gives a possible trading interval of +/-$0.0021 (+/-3.65%) up or down from last closing price. If Wagie Bot USD takes out the full calculated possible swing range there will be an estimated 7.29% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0556 (1.21%) than the resistance at $0.0630 (12.02%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Wagie Bot USD cryptocurrency A Buy?
Wagie Bot 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. We have upgraded our analysis conclusion for this cryptocurrency since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -3.922 Sell Candidate Upgraded
Predicted Opening Price for Wagie Bot USD of Saturday, June 29, 2024
| Fair opening price June 29, 2024 | Current price |
|---|---|
| $0.0561 ( 0.278%) | $0.0563 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for WAGIEBOTUSD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0568 | 1.00% |
| R2 | 0.0566 | 0.512% |
| R1 | 0.0564 | 0.210% |
| Price | 0.0563 | |
| S1 | 0.0559 | -0.767% |
| S2 | 0.0557 | -1.07% |
| S3 | 0.0554 | -1.56% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0645 | 14.65% |
| R2 | 0.0634 | 12.58% |
| R1 | 0.0630 | 12.02% |
| Price | 0.0563 | |
| S1 | 0.0556 | -1.21% |
| S2 | 0.0528 | -6.18% |
| S3 | 0.0498 | -11.60% |
FAQ
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