Wave Coin Short Term Target BITFINEX:WAVESUST KRAKEN:WAVESUSD BINANCE:WAVESUSDT BITTREX:WAVESUSDT BINANCE:WAVESUSD MEXC:WAVESUSDT
Hello everyone the price levels which i am sharing this Wave Coin is my personal analysis and not to be considered for any Trade Execution Kindly do your own analysis.
The Crypto Market Trend is weak however there are times when after the continues fall Price rebound an basis of that i have shared this price levels.
All the prices are visible in the chart i have indicated with in terms of possibility.
WAVESUSD trade ideas
The WAVES asset is showing bearishnessOn 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.
💡Don't miss the great buy opportunity in WAVESUSD
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (5.78).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. WAVESUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 60.
Take Profits:
TP1= @ 7.27
TP2= @ 8.10
TP3= @ 9.04
TP4= @ 10.46
TP5= @ 11.97
SL= Break below S2
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what are you waiting for rising ?This is my personal opinion and observation. it is not financial advice.
I got that sunshine in my pocketThis is my personal opinion and observation. it is not financial advice..
There is a trading opportunity to buy in WAVESUSDTechnical analysis:
. 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.
Trading suggestion:
. 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 and expect to reach short-term targets.
Beginning of entry zone (0.7760)
Ending of entry zone (0.5160)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons :
Take Profits:
TP1= @ 1.2260
TP2= @ 1.7560
TP3= @ 2.4290
TP4= @ 3.2815
TP5= @ 4.1290
TP6= @ 4.9075
TP7= @ 7.6290
TP8= @ 9.8280
TP9= @ 12.0200
TP10= Free
Waves / USD Price Analysis: Destructive InterferenceWaves / 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 appears to be a false breakout.
Technical indicators across the four-hour time frame have turned bearish, although they now appear oversold.
Pattern Watch
Traders should note that a bearish head and shoulders pattern is now also visible across the four-hour time frame.
Relative Strength Index
The RSI indicator on the mentioned time frame is also bearish, although it is now extremely oversold.
MACD Indicator
The MACD indicator on the four-hour time frame is heavily bearish, with the MACD signal crossing issuing a strong sell signal.
Waves / USD Medium-term price analysis
Waves has a bearish medium-term outlook, with the cryptocurrency now technically bearish and trading below its 200-day moving average.
The daily time frame chart shows that the Waves/USD pair has now fallen below a symmetrical triangle pattern and remains vulnerable to further losses.
Technical indicators on the daily time frame have turned bearish and show scope for further downside.
WAVES / USD Daily Chart by TradingView
Pattern Watch
Traders should note that following the bearish triangle breakout the Waves/USD pair has fallen to a new 2019 trading low.
Relative Strength Index
The RSI indicator on the daily time frame has also turned bearish and shows scope for further downside.
MACD Indicator
The MACD indicator has turned bearish on the daily time frame, with the MACD histogram and the MACD signal line both generating a clear sell signal.
Conclusion
Waves has now turned bearish across both time horizons, with the recent decline in the cryptocurrency forcing the Waves / USD pair into a much lower trading range.
The bearish patterns seen across the four-hour and daily time frames may lead to further losses towards the December 2018 trading low.
