- WAVES/USD market valuation is now in a fluctuation moving manner near the trend-line of the smaller SMA indicator.
- The bear forces to back seeing more downs of this crypto-trade; may lack intensity afterward.
WAVES /USD Long-term Trend – Ranging
- Distribution territories: $2.50, $3, $3.50
- Accumulation territories: $1, $0.75, $0.50
The trade worth of WAVES/USD has dropped slightly to feature a series of lower lows around a low price territory of $1.50 mark about a week back. The market’s trend during the last sessions witnessed a bearish outlook. The crypto’s value is now in fluctuation moving manner near the trend-line of the smaller SMA indicator.
The 50-day SMA trading indicator is situated over the 50-day SMA with a spacebetween them. And, they both slightly point to the south to indicate the possibility of seeing more downward price movements in action. The Stochastic Oscillators have been in a consolidation moving mode tightly below range 20 in the oversold zone.
The bears are most likely going to have the market’s advantage even as the crypto’s value is now in a consolidation moving manner in the oversold market condition presently. Only that the forces to back seeing more downs of this crypto-trade; may lack intensity.
Waves:
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