WAM USD Cryptocurrency Forecast

WAM USD cryptocurrency upgraded to Hold/Accumulate.
(Updated on Jun 25, 2024)

WAMUSD Signals & Forecast

There are mixed signals in the cryptocurrency today. The WAM USD 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 $0.0051. On a fall, the cryptocurrency will find some support from the short-term average at $0.0040. 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. A sell signal was issued from a pivot top point on Monday, June 24, 2024, and so far it has fallen 0%. 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 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.

Buy

Special Signal Notification

Double Bottom Formation

A buy signal from a double bottom formation was found on Friday, June 21, 2024 with a target of $0.0040. Despite whether the objective of the signal formation has been reached the cryptocurrency may continue to perform well.

Support, Risk & Stop-loss for WAM USD cryptocurrency

WAM USD finds support from accumulated volume at $0.0040 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the cryptocurrency tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the cryptocurrency 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 2.79%

Our recommended stop-loss: $0.0039 (-4.38%) (This cryptocurrency has low daily movements and this gives low risk. There is a sell signal from a pivot top found 2 days ago.)

Trading Expectations (WAMUSD) For The Upcoming Trading Day Of Wednesday 26th

For the upcoming trading day on Wednesday, 26th we expect WAM USD to open at $0.0040, and during the day (based on 14 day Average True Range), to move between $0.0038 and $0.0043, which gives a possible trading interval of +/-$0.0003 (+/-6.42%) up or down from last closing price. If WAM USD takes out the full calculated possible swing range there will be an estimated 12.84% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.0040 (0.02%) than the resistance at $0.0041 (2.25%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is WAM USD cryptocurrency A Buy?

WAM USD holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this cryptocurrency since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: 0.000 Hold/Accumulate Upgraded

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for WAM USD of Wednesday, June 26, 2024

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