Wagerr USD Cryptocurrency Forecast
Red day on Friday for Wagerr USD cryptocurrency after losing 1.53%
(Updated on Jun 28, 2024)
The Wagerr USD cryptocurrency price fell by -1.53% on the last day (Friday, 28th Jun 2024) from $0.0019 to $0.0019. During the last trading day the cryptocurrency fluctuated 2.19% from a day low at $0.0019 to a day high of $0.0019. The price has fallen in 7 of the last 10 days and is down by -10.22% for this period. Volume fell on the last day along with the cryptocurrency, which is actually a good sign as volume should follow the cryptocurrency. On the last day, the trading volume fell by -15 shares and in total, 33 shares were bought and sold for approximately $0.0617 .
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 $0.0018 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the cryptocurrency is expected to fall -34.18% during the next 3 months and, with a 90% probability hold a price between $0.0012 and $0.0017 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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WGRUSD Signals & Forecast
There are mixed signals in the cryptocurrency today. The Wagerr 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 $0.0019 and $0.0024. A break-up above any of these levels will issue buy signals. 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. A buy signal was issued from a pivot bottom point on Monday, June 24, 2024, and so far it has risen 1.52%. 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).
Support, Risk & Stop-loss for Wagerr USD cryptocurrency
Wagerr USD finds support from accumulated volume at $0.0018 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 very much during the day (volatility) and with periodic low trading volume this cryptocurrency is considered to be "very high risk". During the last day, the cryptocurrency moved $0.000041 between high and low, or 2.19%. For the last week the cryptocurrency has had daily average volatility of 2.71%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (WGRUSD) For The Upcoming Trading Day Of Saturday 29th
For the upcoming trading day on Saturday, 29th we expect Wagerr USD to open at $0.0019, and during the day (based on 14 day Average True Range), to move between $0.0018 and $0.0019, which gives a possible trading interval of +/-$0.00007642 (+/-4.08%) up or down from last closing price. If Wagerr USD takes out the full calculated possible swing range there will be an estimated 8.17% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0018 (1.50%) than the resistance at $0.0020 (4.76%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Wagerr USD cryptocurrency A Buy?
Wagerr USD 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.
Current score: -2.943 Sell Candidate Unchanged
Predicted Opening Price for Wagerr USD of Saturday, June 29, 2024
| Fair opening price June 29, 2024 | Current price |
|---|---|
| $0.0019 ( 0.730%) | $0.0019 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for WGRUSD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0019 | 2.92% |
| R2 | 0.0019 | 2.08% |
| R1 | 0.0019 | 1.57% |
| Price | 0.0019 | |
| S1 | 0.0019 | -0.107% |
| S2 | 0.0019 | -0.624% |
| S3 | 0.0018 | -1.46% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0021 | 13.84% |
| R2 | 0.0020 | 5.88% |
| R1 | 0.0020 | 4.76% |
| Price | 0.0019 | |
| S1 | 0.0018 | -1.50% |
| S2 | 0 | - |
| S3 | 0 | - |
FAQ
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