Wizardia USD Cryptocurrency Forecast
Red day on Sunday for Wizardia USD cryptocurrency after losing 1.77%
(Updated on May 19, 2024)
The Wizardia USD cryptocurrency price fell by -1.77% on the last day (Sunday, 19th May 2024) from $0.0033 to $0.0032. It has now fallen 3 days in a row. During the last trading day the cryptocurrency fluctuated 2.09% from a day low at $0.0032 to a day high of $0.0032. The price has fallen in 8 of the last 10 days and is down by -15.35% 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 -1 thousand shares and in total, 46 thousand shares were bought and sold for approximately $148.07 .
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 $0.0027 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the cryptocurrency is expected to fall -11.07% during the next 3 months and, with a 90% probability hold a price between $0.0024 and $0.0061 at the end of this 3-month period.
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WZRDUSD Signals & Forecast
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 Wizardia 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 $0.0034 and $0.0042. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Sunday, March 10, 2024, and so far it has fallen -57.31%. Further fall is indicated until a new bottom pivot has been found. 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 Wizardia USD cryptocurrency
There is no support from accumulated volume below today's level and given the right condition the cryptocurrency may perform very badly in the next couple of days.
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 $0.000066 between high and low, or 2.09%. For the last week the cryptocurrency has had daily average volatility of 2.22%.
Wizardia USD is oversold on RSI14 (13). 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 (WZRDUSD) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Wizardia USD to open at $0.0032, and during the day (based on 14 day Average True Range), to move between $0.0030 and $0.0035, which gives a possible trading interval of +/-$0.0002 (+/-7.40%) up or down from last closing price. If Wizardia USD takes out the full calculated possible swing range there will be an estimated 14.80% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $0.0035, some $0.0003 (9.12%) from the current price of $0.0032, our system finds the risk reward not very attractive.
Is Wizardia USD cryptocurrency A Buy?
Wizardia 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: -6.728 Strong Sell Candidate Unchanged
Predicted Opening Price for Wizardia USD of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| $0.0032 ( 0.353%) | $0.0032 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for WZRDUSD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0033 | 1.70 % | |
| R2 | 0.0032 | 0.92 % | ||
| R1 | 0.0032 | 0.432 % | ||
| Current price: | 0.0032 | |||
| Support | S1 | 0.0032 | -1.14 % | |
| S2 | 0.0032 | -1.62 % | ||
| S3 | 0.0031 | -2.41 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0039 | 20.07 % | |
| R2 | 0.0037 | 15.81 % | ||
| R1 | 0.0035 | 9.12 % | ||
| Current price | 0.0032 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
FAQ
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