$WCT

📊 Overview

Current price: around $0.3928.

Upper Bollinger Band: around $0.4258.

Lower Bollinger Band: around $0.3880.

Moving Average (SMA 20): around $0.4069.

Relative Strength Index (RSI): around 49.28, indicating neutral momentum.

This data suggests that the current price is close to the lower band, which may indicate a potential buying opportunity, especially if other reversal signals emerge.

✅ Potential Buying Opportunity:

Scenario: If the price drops towards the lower band ($0.3880) and reversal candles or other support indicators appear.

Technical support: the lower band of the Bollinger Bands.

⚠️ Warning Signals ⚠️

Scenario: If the price continues to breach the upper band in an overbought region, there may be a potential for a price correction.

Technical resistance: the upper band of the Bollinger Bands.

📈 Future Forecasts

Short term (April - May 2025): The price is expected to range between $0.38 and **$0.42**, with a potential return of up to 8%.

Medium term (May - July 2025): The price may reach $0.45, with continued upward momentum if current resistance levels are breached.

📝Technical Recommendations

Combining Indicators: Using additional indicators like MACD or RSI can provide more accurate signals.

Risk Management: Establishing stop-loss and take-profit levels based on the mentioned support and resistance levels.