WAGMI Games USD Cryptocurrency Forecast

Weaker technical forecast for WAGMI Games USD as cryptocurrency downgraded to Sell Candidate.
(Updated on May 18, 2024)

WAGMIGAMESUSD Signals & Forecast

A buy signal was issued from a pivot bottom point on Tuesday, April 30, 2024, and so far it has risen 9.09%. 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 WAGMI Games 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 $0.00001214 and $0.00001271. 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 on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for WAGMI Games USD cryptocurrency

On the downside, the cryptocurrency finds support just below today's level from accumulated volume at $0.000011. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $ may give a huge drop in the cryptocurrency price.

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 between high and low, or 0%. For the last week the cryptocurrency has had daily average volatility of 1.82%.

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

Trading Expectations (WAGMIGAMESUSD) For The Upcoming Trading Day Of Sunday 19th

For the upcoming trading day on Sunday, 19th we expect WAGMI Games USD to open at $0.000012, and during the day (based on 14 day Average True Range), to move between $0.00001135 and $0.00001265, which gives a possible trading interval of +/-$0.00000065 (+/-5.43%) up or down from last closing price. If WAGMI Games USD takes out the full calculated possible swing range there will be an estimated 10.87% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.000013 (8.33%) than the support at $0.000011 (8.33%), 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 WAGMI Games USD cryptocurrency A Buy?

WAGMI Games 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: -2.878 Sell Candidate Downgraded

Predicted Opening Price for WAGMI Games USD of Sunday, May 19, 2024

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