Wanchain / US Dollar Cryptocurrency Forecast
Stronger technical forecast for Wanchain / US Dollar cryptocurrency price after Tuesday trading.
(Updated on Jun 25, 2024)
The Wanchain / US Dollar cryptocurrency price gained 4.36% on the last trading day (Tuesday, 25th Jun 2024), rising from $0.191 to $0.199. During the last trading day the cryptocurrency fluctuated 4.01% from a day low at $0.192 to a day high of $0.199. The price has been going up and down for this period, and there has been a -9.81% loss for the last 2 weeks. Volume fell on the last day by -764 thousand shares and in total, 2 million shares were bought and sold for approximately $330.88 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 lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.189 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the cryptocurrency is expected to fall -38.65% during the next 3 months and, with a 90% probability hold a price between $0.116 and $0.163 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
WANUSD Signals & Forecast
There are mixed signals in the cryptocurrency today. The Wanchain / 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 $0.231. On a fall, the cryptocurrency will find some support from the short-term average at $0.198. 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 Monday, June 24, 2024, and so far it has risen 4.36%. Further rise is indicated until a new top pivot has been found.
Support, Risk & Stop-loss for Wanchain / US Dollar cryptocurrency
Wanchain / US Dollar finds support from accumulated volume at $0.194 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 much during the day (volatility) and with periodic low trading volume this cryptocurrency is considered to be "high risk". During the last day, the cryptocurrency moved $0.0077 between high and low, or 4.01%. For the last week the cryptocurrency has had daily average volatility of 5.05%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (WANUSD) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Wanchain / US Dollar to open at $0.197, and during the day (based on 14 day Average True Range), to move between $0.183 and $0.215, which gives a possible trading interval of +/-$0.0159 (+/-7.96%) up or down from last closing price. If Wanchain / US Dollar takes out the full calculated possible swing range there will be an estimated 15.92% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.194 (2.57%) than the resistance at $0.222 (11.48%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Wanchain / US Dollar cryptocurrency A Buy?
Wanchain / 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. We have upgraded our analysis conclusion for this cryptocurrency since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -3.247 Sell Candidate Upgraded
Predicted Opening Price for Wanchain / US Dollar of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $0.197 ( 1.22%) | $0.199 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for WANUSD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.204 | 2.63% |
| R2 | 0.202 | 1.16% |
| R1 | 0.200 | 0.248% |
| Price | 0.199 | |
| S1 | 0.194 | -2.70% |
| S2 | 0.192 | -3.61% |
| S3 | 0.189 | -5.08% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.247 | 23.98% |
| R2 | 0.238 | 19.39% |
| R1 | 0.222 | 11.48% |
| Price | 0.199 | |
| S1 | 0.194 | -2.57% |
| S2 | 0.193 | -3.32% |
| S3 | 0.191 | -4.18% |
FAQ
Click here for our free guide on how to buy Wanchain / US Dollar Cryptocurrency.
