Wrapped OKT USD Cryptocurrency Forecast

Wrapped OKT USD cryptocurrency price down 0.707% on Tuesday
(Updated on May 28, 2024)

WOKTUSD Signals & Forecast

A buy signal was issued from a pivot bottom point on Friday, April 26, 2024, and so far it has risen 3.94%. 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. The Wrapped OKT 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 $12.85. On a fall, the cryptocurrency will find some support from the short-term average at $12.76. 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. 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 Wrapped OKT USD cryptocurrency

Wrapped OKT USD finds support from accumulated volume at $12.77 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 $0.107 between high and low, or 0.84%. For the last week the cryptocurrency has had daily average volatility of 3.15%

Our recommended stop-loss: $12.31 (-3.86%) (This cryptocurrency has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 73 days ago.)

Trading Expectations (WOKTUSD) For The Upcoming Trading Day Of Wednesday 29th

For the upcoming trading day on Wednesday, 29th we expect Wrapped OKT USD to open at $12.83, and during the day (based on 14 day Average True Range), to move between $12.48 and $13.12, which gives a possible trading interval of +/-$0.319 (+/-2.49%) up or down from last closing price. If Wrapped OKT USD takes out the full calculated possible swing range there will be an estimated 4.98% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $12.77 (0.21%) than the resistance at $13.06 (2.02%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Wrapped OKT USD cryptocurrency A Buy?

Wrapped OKT 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.

Current score: -0.261 Hold/Accumulate Unchanged

Predicted Opening Price for Wrapped OKT USD of Wednesday, May 29, 2024

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