World of Defish USD Cryptocurrency Forecast

World of Defish USD cryptocurrency price down 0% on Monday
(Updated on May 20, 2024)

WODUSD Signals & Forecast

A buy signal was issued from a pivot bottom point on Tuesday, May 14, 2024, and so far it has risen 11.11%. Further rise is indicated until a new top pivot has been found. Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the cryptocurrency should be watched more closely at it may be a "turning point". The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. The World of Defish 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 $0.0000408. On a fall, the cryptocurrency will find some support from the short-term average at $0.00000986. 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).

Support, Risk & Stop-loss for World of Defish USD cryptocurrency

On the downside, the cryptocurrency finds support just below today's level from accumulated volume at $0.000009. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $ may give a huge drop in the cryptocurrency price.

This cryptocurrency may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this cryptocurrency is considered to be "very 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 0%.

World of Defish USD is oversold on RSI14 (9). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (WODUSD) For The Upcoming Trading Day Of Tuesday 21st

For the upcoming trading day on Tuesday, 21st we expect World of Defish USD to open at $0.00001, and during the day (based on 14 day Average True Range), to move between $0.00000686 and $0.00001314, which gives a possible trading interval of +/-$0.00000314 (+/-31.44%) up or down from last closing price. If World of Defish USD takes out the full calculated possible swing range there will be an estimated 62.87% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $0.000009, some $0.000001 (10.00%) from the current price of $0.00001, our system finds the risk reward attractive.

Is World of Defish USD cryptocurrency A Buy?

World of Defish 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: -4.581 Sell Candidate Unchanged

Predicted Opening Price for World of Defish USD of Tuesday, May 21, 2024

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