Wizardia USD Cryptocurrency Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Red day on Saturday for Wizardia USD
(Updated on Jun 01, 2024)
The Wizardia USD cryptocurrency price fell by -3.79% on the last day (Saturday, 1st Jun 2024) from $0.0037 to $0.0036. During the last trading day the cryptocurrency fluctuated 5.40% from a day low at $0.0036 to a day high of $0.0038. The price has fallen in 5 of the last 10 days but is still up by 2.11% over the past 2 weeks. Volume has increased on the last day by 1 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 46 thousand shares were bought and sold for approximately $165.11 .
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 -29.48% during the next 3 months and, with a 90% probability hold a price between $0.0010 and $0.0038 at the end of this 3-month period.
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WZRDUSD Signals & Forecast
There are mixed signals in the cryptocurrency today. The Wizardia 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 $0.0037. On a fall, the cryptocurrency will find some support from the short-term average at $0.0036. 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. A sell signal was issued from a pivot top point on Sunday, March 10, 2024, and so far it has fallen -52.45%. Further fall is indicated until a new bottom pivot has been found. Wizardia USD gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Wizardia USD cryptocurrency
Wizardia USD finds support from accumulated volume at $0.0035 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This cryptocurrency has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the cryptocurrency moved $0.0002 between high and low, or 5.40%. For the last week, the cryptocurrency has had daily average volatility of 5.37%.
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 Sunday 2nd
For the upcoming trading day on Sunday, 2nd we expect Wizardia USD to open at $0.0036, and during the day (based on 14 day Average True Range), to move between $0.0033 and $0.0039, which gives a possible trading interval of +/-$0.0003 (+/-8.02%) up or down from last closing price. If Wizardia USD takes out the full calculated possible swing range there will be an estimated 16.05% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0035 (3.16%) than the resistance at $0.0037 (4.47%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Wizardia USD cryptocurrency A Buy?
Wizardia 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: -3.029 Sell Candidate Unchanged
Predicted Opening Price for Wizardia USD of Sunday, June 2, 2024
| Fair opening price June 2, 2024 | Current price |
|---|---|
| $0.0036 ( 1.69%) | $0.0036 |
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 | 0.0038 | 7.08 % | |
| R2 | 0.0038 | 5.02 % | ||
| R1 | 0.0037 | 3.74 % | ||
| Current price: | 0.0036 | |||
| Support | S1 | 0.0036 | -0.374 % | |
| S2 | 0.0035 | -1.65 % | ||
| S3 | 0.0034 | -3.71 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0043 | 21.37 % | |
| R2 | 0.0041 | 14.13 % | ||
| R1 | 0.0037 | 4.47 % | ||
| Current price | 0.0036 | |||
| Support | S1 | 0.0035 | -3.16% | |
| S2 | 0.0035 | -3.49% | ||
| S3 | 0.0034 | -3.80% |
FAQ
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