WaultSwap USD Cryptocurrency Forecast

A very red day for WaultSwap USD cryptocurrency price after a -6.25% fall in the Monday trading session
(Updated on Jun 10, 2024)

WEXUSD Signals & Forecast

The WaultSwap USD cryptocurrency holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the cryptocurrency giving a positive forecast for the stock. On further gains, the cryptocurrency will meet resistance from the short-term Moving Average at approximately $0.00001554. On a fall, the cryptocurrency will find some support from the long-term average at approximately $0.00001374. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 25.00%. Further rise is indicated until a new top pivot has been found. 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. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this cryptocurrency may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for WaultSwap USD cryptocurrency

On the downside, the cryptocurrency finds support just below today's level from accumulated volume at $0.000014 and $0.000013. There is a natural risk involved when a cryptocurrency is testing a support level, since if this is broken, the cryptocurrency then may fall to the next support level. In this case, WaultSwap USD finds support just below today's level at $0.000014. If this is broken, then the next support from accumulated volume will be at $0.000013 and $0.000012.

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 between high and low, or 0%. For the last week the cryptocurrency has had daily average volatility of 2.58%.

Our recommended stop-loss: $0.00001448 (-3.50%) (This cryptocurrency has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 87 days ago.)

Trading Expectations (WEXUSD) For The Upcoming Trading Day Of Tuesday 11th

For the upcoming trading day on Tuesday, 11th we expect WaultSwap USD to open at $0.000015, and during the day (based on 14 day Average True Range), to move between $0.00001450 and $0.00001550, which gives a possible trading interval of +/-$0.00000050 (+/-3.36%) up or down from last closing price. If WaultSwap USD takes out the full calculated possible swing range there will be an estimated 6.72% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.000016 (6.67%) than the support at $0.000014 (6.67%), 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 WaultSwap USD cryptocurrency A Buy?

Several short-term signals are positive, despite the cryptocurrency being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for cryptocurrency to perform well in the short-term.

Current score: 1.981 Buy Candidate Unchanged

Predicted Opening Price for WaultSwap USD of Tuesday, June 11, 2024

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