What do the Long-Term Technicals Predict for Woodcoin (LOG) Wednesday?

Wednesday, February 02, 2022 07:35 PM | InvestorsObserver Analysts

InvestorsObserver gives Woodcoin a strong long-term technical score of 100 from its research. The proprietary scoring system take into account the historical trading patterns from recent months to a year of the coin's support and resistance levels, in addition to where it is relative to long-term averages. The analysis helps to determine whether it's a strong buy-and-hold investment opportunity currently for traders. LOG at this time has a superior long-term technical analysis score than 100% of crytpos in circulation. The Long-Term Rank will be most relevant to buy-and-hold type investors who are looking for strong steady growth when allocating their assets. Combining a high long and short-term technical score will also help portfolio managers discover coins that have bottomed out.

InvestorsObserver is giving Woodcoin a 100 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Woodcoin!

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Trading Analysis

The current trading price of $0.220000000 for LOG is $0.1400000 (190.42%) above the coins 100-day moving average of $0.080000000. LOG meanwhile is $0.1800000 (-31635.13%) above its 52-week low of $0.030000000 and -$0.05000000 (-3681.04%) under its 52-week high price of $0.270000000. Woodcoin's current price relative to the coins long-term average and 52-week high and low, gives the crypto a strong long-term technical score of 100. The price movement and range of LOG suggest that investors are neutral on the coin at this time. Woodcoin currently has a total market cap of $1,752,666.03 to go along with its average daily volume of $34,212.94 worth of the currency over the past seven days. LOG's volume is below its seven day average as of the past 24 hours, with 5,016.77 exchanged in that period.

Summary

LOG's historical trading over the past year gives it a a strong long-term technical score of 100 as its price movement in that time has given investors reason to be neutral on the coin in the long-term. Click Here to get the full Report on Woodcoin (LOG).