xWIN Finance USD Cryptocurrency Forecast
Red day on Saturday for xWIN Finance USD
(Updated on Jun 22, 2024)
The xWIN Finance USD cryptocurrency price fell by -1.13% on the last day (Saturday, 22nd Jun 2024) from $0.0240 to $0.0237. It has now fallen 3 days in a row. During the last trading day the cryptocurrency fluctuated 7.14% from a day low at $0.0237 to a day high of $0.0254. The price has fallen in 8 of the last 10 days and is down by -37.93% 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 -4 thousand shares and in total, 4 thousand shares were bought and sold for approximately $90.50 .
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. Due to the high volatility and the trend direction we are not able to give forecast range for this stock. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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XWINUSD Signals & Forecast
There are few to no technical positive signals at the moment. The xWIN Finance 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 $0.0263 and $0.0365. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, May 24, 2024, and so far it has fallen -61.27%. 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 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 xWIN Finance 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 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 $0.0017 between high and low, or 7.14%. For the last week the cryptocurrency has had daily average volatility of 10.59%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (XWINUSD) For The Upcoming Trading Day Of Sunday 23rd
For the upcoming trading day on Sunday, 23rd we expect xWIN Finance USD to open at $0.0242, and during the day (based on 14 day Average True Range), to move between $0.0144 and $0.0330, which gives a possible trading interval of +/-$0.0093 (+/-39.10%) up or down from last closing price. If xWIN Finance USD takes out the full calculated possible swing range there will be an estimated 78.21% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $0.0240, some $0.0003 (1.15%) from the current price of $0.0237, our system finds the risk reward not very attractive.
Is xWIN Finance USD cryptocurrency A Buy?
xWIN Finance 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: -6.012 Strong Sell Candidate Unchanged
Predicted Opening Price for xWIN Finance USD of Sunday, June 23, 2024
| Fair opening price June 23, 2024 | Current price |
|---|---|
| $0.0242 ( 2.24%) | $0.0237 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for XWINUSD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0259 | 9.37% |
| R2 | 0.0253 | 6.65% |
| R1 | 0.0249 | 4.97% |
| Price | 0.0237 | |
| S1 | 0.0236 | -0.482% |
| S2 | 0.0232 | -2.16% |
| S3 | 0.0226 | -4.89% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0263 | 10.98% |
| R2 | 0.0249 | 5.02% |
| R1 | 0.0240 | 1.15% |
| Price | 0.0237 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
FAQ
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