. Waves/US Dollar is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 68.
. There is a possibility of temporary retracement to suggested support zone (0.7760 to 0.5160). if so, traders can set orders based on Price Action...
Waves / USD Short-term price analysis
Waves has a bearish short-term outlook, with the cryptocurrency now trading well below its 200-period moving average on the four-hour time frame.
The four-hour time frame is also showing a bearish breakout from a descending triangle pattern. The bullish breakout above the triangle pattern that occurred earlier this month now...