Mohammed Algahmi
--
@WalletConnect
๐ General trend of the stock
๐ Short-term movement
๐ ๏ธ 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 overbought" condition and may be poised for a short correction, but with the continued downward trend, this cannot be relied upon.
๐ญ Future outlook
The StockInvest.us site predicts a potential increase of around +7.4% over the next three months if it remains within the support/resistance range between $0.196 โ $0.411.
However, the main warning is that overly low trading volume at price increases may indicate weakness in the upward movement.
โ Summary
The general trend of the stock has been strongly bearish for several days, with some short rebound today.
A technical analysis tool indicates the possibility of a slight correction, but the overall outlook remains negative.
If you are considering buying, it is preferable to wait until strong support signs or break important resistances like $0.318 or $0.314 become clear.
Technical analyses indicate high risks, with potential short-term rewards, but at the cost of high volatility.
#WalletConnect
$WCT
๐ General trend of the stock
๐ Short-term movement
๐ ๏ธ 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 overbought" condition and may be poised for a short correction, but with the continued downward trend, this cannot be relied upon.
๐ญ Future outlook
The StockInvest.us site predicts a potential increase of around +7.4% over the next three months if it remains within the support/resistance range between $0.196 โ $0.411.
However, the main warning is that overly low trading volume at price increases may indicate weakness in the upward movement.
โ Summary
The general trend of the stock has been strongly bearish for several days, with some short rebound today.
A technical analysis tool indicates the possibility of a slight correction, but the overall outlook remains negative.
If you are considering buying, it is preferable to wait until strong support signs or break important resistances like $0.318 or $0.314 become clear.
Technical analyses indicate high risks, with potential short-term rewards, but at the cost of high volatility.
#WalletConnect
$WCT
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