ZilSwap USD Cryptocurrency Forecast
Evaluation of ZilSwap USD cryptocurrency downgraded after the last trading session.
(Updated on Jun 22, 2024)
The ZilSwap USD cryptocurrency price gained 2.93% on the last trading day (Saturday, 22nd Jun 2024), rising from $0.426 to $0.438. During the last trading day the cryptocurrency fluctuated 2.85% from a day low at $0.426 to a day high of $0.438. The price has fallen in 8 of the last 10 days and is down by -18.42% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 73 more shares were traded than the day before. In total, 79 shares were bought and sold for approximately $34.61 .
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 -36.54% during the next 3 months and, with a 90% probability hold a price between $0.144 and $0.347 at the end of this 3-month period. 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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ZWAPUSD Signals & Forecast
ZilSwap USD has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. The ZilSwap 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 $0.449 and $0.560. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, May 27, 2024, and so far it has fallen -31.03%. 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).
Support, Risk & Stop-loss for ZilSwap USD cryptocurrency
ZilSwap USD finds support from accumulated volume at $0.437 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 a very large prediction interval from the Bollinger Band this cryptocurrency is considered to be "very high risk". During the last day, the cryptocurrency moved $0.0122 between high and low, or 2.85%. For the last week, the cryptocurrency has had daily average volatility of 5.74%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ZWAPUSD) For The Upcoming Trading Day Of Sunday 23rd
For the upcoming trading day on Sunday, 23rd we expect ZilSwap USD to open at $0.434, and during the day (based on 14 day Average True Range), to move between $0.409 and $0.468, which gives a possible trading interval of +/-$0.0295 (+/-6.72%) up or down from last closing price. If ZilSwap USD takes out the full calculated possible swing range there will be an estimated 13.45% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.437 (0.37%) than the resistance at $0.450 (2.77%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is ZilSwap USD cryptocurrency A Buy?
ZilSwap 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this cryptocurrency since the last evaluation from a Sell to a Strong Sell candidate.
Current score: -5.394 Strong Sell Candidate Downgraded
Predicted Opening Price for ZilSwap USD of Sunday, June 23, 2024
| Fair opening price June 23, 2024 | Current price |
|---|---|
| $0.434 ( 0.93%) | $0.438 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ZWAPUSD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.446 | 1.85% |
| R2 | 0.442 | 0.790% |
| R1 | 0.439 | 0.135% |
| Price | 0.438 | |
| S1 | 0.429 | -1.99% |
| S2 | 0.427 | -2.64% |
| S3 | 0.422 | -3.70% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.548 | 25.00% |
| R2 | 0.536 | 22.35% |
| R1 | 0.450 | 2.77% |
| Price | 0.438 | |
| S1 | 0.437 | -0.365% |
| S2 | 0.434 | -0.90% |
| S3 | 0.429 | -2.13% |
FAQ
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