Mohammed Algahmi
--
@WalletConnect
🛠️ Technical Indicators and Forecast Analysis
Negative signals from moving averages (short and long-term), making the short-term outlook negative.
There is support from trading volume around $0.200, which may be considered a trigger point for a rebound.
The RSI14 indicator reaches about 11, indicating that the stock is in a "selling pressure" state and may be set for a short correction, but with the continuing downward trend, this cannot be relied upon.
🔭 Future Outlook
The StockInvest.us site predicts a potential increase of about +7.4% over the next three months if it stays within the support/resistance range between $0.196 – $0.411.
However, the main warning is that excessive decrease in trading volume when the price rises may indicate weakness in the upward movement.
✅ Summary
The overall trend for the stock has been strongly downward for several months, with some short rebound today.
A technical analysis tool indicates a slight correction possibility, but the overall outlook remains negative.
If you are considering buying, it is preferable to wait until strong support signs become clear or important resistance levels are broken, such as $0.218 or $0.214.
Technical analyses indicate high risks, with the possibility of short-term rewards, but at the cost of high volatility.
$WCT
#WalletConnenct
🛠️ Technical Indicators and Forecast Analysis
Negative signals from moving averages (short and long-term), making the short-term outlook negative.
There is support from trading volume around $0.200, which may be considered a trigger point for a rebound.
The RSI14 indicator reaches about 11, indicating that the stock is in a "selling pressure" state and may be set for a short correction, but with the continuing downward trend, this cannot be relied upon.
🔭 Future Outlook
The StockInvest.us site predicts a potential increase of about +7.4% over the next three months if it stays within the support/resistance range between $0.196 – $0.411.
However, the main warning is that excessive decrease in trading volume when the price rises may indicate weakness in the upward movement.
✅ Summary
The overall trend for the stock has been strongly downward for several months, with some short rebound today.
A technical analysis tool indicates a slight correction possibility, but the overall outlook remains negative.
If you are considering buying, it is preferable to wait until strong support signs become clear or important resistance levels are broken, such as $0.218 or $0.214.
Technical analyses indicate high risks, with the possibility of short-term rewards, but at the cost of high volatility.
$WCT
#WalletConnenct
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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