Wownero USD Cryptocurrency Forecast
High volatility in Wownero USD cryptocurrency price on Tuesday which ended trading at $0.0798
(Updated on Jun 25, 2024)
The Wownero USD cryptocurrency price gained 0.337% on the last trading day (Tuesday, 25th Jun 2024), rising from $0.0795 to $0.0798. During the last trading day the cryptocurrency fluctuated 14.90% from a day low at $0.0751 to a day high of $0.0863. The price has fallen in 7 of the last 10 days and is down by -19.51% for this period. Volume fell on the last day by -12 thousand shares and in total, 6 thousand shares were bought and sold for approximately $462.67 . 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 middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the cryptocurrency is expected to fall -25.61% during the next 3 months and, with a 90% probability hold a price between $0.0392 and $0.0918 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
WOWUSD Signals & Forecast
There are few to no technical positive signals at the moment. The Wownero USD cryptocurrency holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $0.0828 and $0.0826. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, June 13, 2024, and so far it has fallen -38.15%. Further fall is indicated until a new bottom pivot has been found. 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 not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Wownero USD cryptocurrency
Wownero USD finds support from accumulated volume at $0.0789 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 $0.0112 between high and low, or 14.90%. For the last week the cryptocurrency has had daily average volatility of 10.09%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (WOWUSD) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Wownero USD to open at $0.0804, and during the day (based on 14 day Average True Range), to move between $0.0666 and $0.0930, which gives a possible trading interval of +/-$0.0132 (+/-16.58%) up or down from last closing price. If Wownero USD takes out the full calculated possible swing range there will be an estimated 33.16% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0799 (0.11%) than the support at $0.0789 (1.10%), 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 Wownero USD cryptocurrency A Buy?
Wownero USD holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this cryptocurrency.
Current score: -5.080 Strong Sell Candidate Unchanged
Predicted Opening Price for Wownero USD of Wednesday, June 26, 2024
Fair opening price June 26, 2024 | Current price |
---|---|
$0.0804 ( 0.781%) | $0.0798 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for WOWUSD
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.0916 | 14.81% |
R2 | 0.0873 | 9.45% |
R1 | 0.0847 | 6.14% |
Price | 0.0798 | |
S1 | 0.0761 | -4.58% |
S2 | 0.0735 | -7.89% |
S3 | 0.0692 | -13.25% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.0832 | 4.23% |
R2 | 0.0815 | 2.19% |
R1 | 0.0799 | 0.107% |
Price | 0.0798 | |
S1 | 0.0789 | -1.10% |
S2 | 0.0683 | -14.40% |
S3 | 0.0626 | -21.60% |
FAQ
Click here for our free guide on how to buy Wownero USD Cryptocurrency.