WAGMI Games USD Cryptocurrency Forecast
WAGMI Games USD cryptocurrency price fell more than -9.09% Saturday closing at $0.00001
(Updated on Jun 01, 2024)
The WAGMI Games USD cryptocurrency price fell by -9.09% on the last day (Saturday, 1st Jun 2024) from $0.000011 to $0.00001. During the last trading day the cryptocurrency fluctuated 10.00% from a day low at $0.00001 to a day high of $0.000011. The price has been going up and down for this period, and there has been a -16.67% loss for the last 2 weeks. Volume has increased on the last day by 7 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 3 million shares were bought and sold for approximately $25.95 .
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 -60.34% during the next 3 months and, with a 90% probability hold a price between $0.00000112 and $0.00000548 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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WAGMIGAMESUSD 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 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 $0.000011 and $0.00001209. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Saturday, May 25, 2024, and so far it has fallen -23.08%. Further fall is indicated until a new bottom pivot has been found. WAGMI Games USD gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for WAGMI Games USD cryptocurrency
There is no support from accumulated volume below today's level and given the right condition the cryptocurrency may perform very badly in the next couple of days.
This cryptocurrency has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the cryptocurrency moved $0.000001 between high and low, or 10.00%. For the last week, the cryptocurrency has had daily average volatility of 3.82%.
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 2nd
For the upcoming trading day on Sunday, 2nd we expect WAGMI Games USD to open at $0.00001033, and during the day (based on 14 day Average True Range), to move between $0.00000934 and $0.00001066, which gives a possible trading interval of +/-$0.00000066 (+/-6.56%) up or down from last closing price. If WAGMI Games USD takes out the full calculated possible swing range there will be an estimated 13.12% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $0.000011, some $0.000001 (10.00%) from the current price of $0.00001, our system finds the risk reward not very attractive.
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 Sell to a Strong Sell candidate.
Current score: -5.853 Strong Sell Candidate Downgraded
Predicted Opening Price for WAGMI Games USD of Sunday, June 2, 2024
| Fair opening price June 2, 2024 | Current price |
|---|---|
| $0.00001033 ( 3.33%) | $0.00001 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for WAGMIGAMESUSD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.00001133 | 13.33 % | |
| R2 | 0.00001095 | 9.51 % | ||
| R1 | 0.00001072 | 7.15 % | ||
| Current price: | 0.00001 | |||
| Support | S1 | 0.00000995 | -0.487 % | |
| S2 | 0.00000972 | -2.85 % | ||
| S3 | 0.00000933 | -6.67 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0.000012 | 20.00 % | ||
| R1 | 0.000011 | 10.00 % | ||
| Current price | 0.00001 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
FAQ
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