•WAVES/USD is currently priced at $6.11 and has increased by 4.17% over the past day
•Обим трговања смањен је за 16.85% током протеклог дана
•Технички индикатори сугеришу јастребове изгледе у блиској будућности
Short Term View: Bears steer WAVES clear off of bullish activity
The Waves price today is $6.11 USD with a 24-hour trading volume of $279,601,778 USD. WAVES is up 4.17% in the last 24 hours. The trading volumes have decreased over the past day whereas the Volume to Market Cap Ratio stands at 0.4226 for the altcoin.
Waves Crypto has witnessed some gains on the four hour timeframe but the market is still favoring the bears as the altcoin is transacting below the 20,50 SMA on the four hour chart. The altcoin is looking for support from the wider cryptocurrency market and a failure by the bulls to come to the scene at the aforementioned levels could see WAVES drop to the support level placed at $5.70 and later the $5 psychological level where the 200-day SMA sat. Below that, a return to the $4 swing low would be the next logical move. On the upside, mounting buy pressure from the current levels could lift Waves Crypto toward the $7.50 swing high.
Long Term View for WAVES
The technical indicators for Waves Crypto further add credence to the bearish outlook as the RSI is currently transacting in the negative territory and stands at $26.09. The lagging indicator MACD shows the occurrence of a bullish crossover on the daily chart due to which the histograms have turned green. This alone does not provide nearly enough impetus for Waves Crypto to stage an upturn as the histograms are still in the nascent stages of their development.
Zakljucak
At present, Waves Crypto is not showing optimism as it is displaying a couple of bearish signals on the four-hour chart. Hence, Waves Crypto is likely to continue its descent in the days ahead.
Подршка: $ КСНУМКС- $ КСНУМКС
Отпорност: $ КСНУМКС- $ КСНУМКС
Одрицање од одговорности
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Source: https://www.thecoinrepublic.com/2022/05/20/waves-price-analysis-technical-indicators-point-towards-a-continuation-of-downtrend-for-waves-crypto/