On observing the overall chart of WAVES crypto asset, it is demonstrating bearish behavior and shows that it has more room to decrease.
It has achieved a bad performance in the last week by -22.31%, and month by -8.34% despite being in an uptrend from so long from the last quarter.
Thus implying a robust downward direction dip possible in the coming days session on the daily chart.
The WAVES asset is showing bearishness and falling potential as it declines and makes a lower low structure side by side with a declining trendline.
Similarly, the price structure is in between major trend 20-day, and 50-day EMA's, and the WAVES asset illustrates a bearish prospect as MACD exhibits a bearish crossover.
Likewise, the RSI is decreasing gradually and currently is at 39.31. This predicts that the WAVES crypto asset is losing traction and can attain new lows after taking another possible decline from a declining trendline.
At the time of publishing, the current trading price of WAVES is $3.002, which has seen a slight intraday incline of 0.69%.
Based on the current price action, if the price continues to decline and breaks the nearest major support of $2.70, then its price may dip further.
On the flipside, if the price gains sudden buying pressure and manages to break the trendline resistance, then it may reach the targets of $4.0 and $5.0.
It has achieved a bad performance in the last week by -22.31%, and month by -8.34% despite being in an uptrend from so long from the last quarter.
Thus implying a robust downward direction dip possible in the coming days session on the daily chart.
The WAVES asset is showing bearishness and falling potential as it declines and makes a lower low structure side by side with a declining trendline.
Similarly, the price structure is in between major trend 20-day, and 50-day EMA's, and the WAVES asset illustrates a bearish prospect as MACD exhibits a bearish crossover.
Likewise, the RSI is decreasing gradually and currently is at 39.31. This predicts that the WAVES crypto asset is losing traction and can attain new lows after taking another possible decline from a declining trendline.
At the time of publishing, the current trading price of WAVES is $3.002, which has seen a slight intraday incline of 0.69%.
Based on the current price action, if the price continues to decline and breaks the nearest major support of $2.70, then its price may dip further.
On the flipside, if the price gains sudden buying pressure and manages to break the trendline resistance, then it may reach the targets of $4.0 and $5.0.