- WAVES/USD market has been slightly under a selling force while it got a rejection at the touch of its 50-day SMA indicator from below.
- The WAVES/USD market as it has been forced down to the tune of the $1.50 low market point may experience a pit stop.
WAVES /USD Long-term Trend – Bearish
- Distribution territories: $2.50, $3, $3.50
- Accumulation territories: $1, $0.75, $0.50
The long-term market trend of WAVES/USD since July 7 until the present has been slightly under a selling force while it got a rejection at its touch of the bigger SMA indicator trend-line from below. On July 9, the market embarks on a more slight decrease moving mote on the sell signal line of the smaller trading indicator.
The crypto’s price is now trading around a low point at $1.50. The 14-day SMA is located underneath the 50-day SMA as they still point toward the south-east direction. The Stochastic Oscillators have been moving in a consolidate style around range 20 near into the oversold zone.
The WAVES/USD market as it has been forced down to the tune of the $1.50 low market point may experience a pit stop. And, that could as well result in witnessing another chain of choppy price movements around that market’s territory. The crypto’s bears in their forces, if it’s not checkmated by the bulls at an early stage of consolidation price movements at that point will still lead to a lower value at $1 mark.
Live waves (WAVES) Price:
1 WAVES/USD = $3.4543 change ~ 2.48%
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