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...
At press time, the Waves crypto was trading close to 3.88 USD, reporting a swift intraday loss of nearly 0.81%.
The Waves price traced 20 day EMA and bounced back higher indicating a buyers presence at the lower levels.
The Waves crypto trades sideways above the exponential moving average of 20 days. The last couple of sessions have noticed a fight between the...
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...
Technical 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...
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...
