• WAVES/USD market has had tiny lower lows than lower highs around $1.50 price territory in the current ranging pattern of the trade.
• Price may still shake downward to test a lower line at $1 before witnessing a bearish reversal that can give birth of a bullish up stride afterward in this crypto trading operations.

WAVES /USD Long-term Trend – Ranging

• Distribution territories: $2.50, $3, $3.50
• Accumulation territories: $1, $0.75, $0.50

WAVES/USD market has been one of the crypto-economics that yet keep indifferent range price moving mode as it did in the last week’s trading sessions until the present. $1.50 price territory has continued to be the choppy trading line of this crypto-trade. The market has had tiny lower lows than lower highs in the ranging pattern of the trade.

The 50-day SMA trading indicator is above the 14-day SMA trading indicator with a notable separating space found between them. The smaller SMA has very a little trended past the $1.50 price territory. And, the price has only made variant touches with it from below. The Stochastic Oscillators have a strong-hold in its current consolidation moving manner around range 20.

As the WAVES market’s value has been tightly held down at such a low point at the $1.50, it could as well be a golden opportunity for an investor to consider coming on board as at now. However, the price may still shake downward to test a lower line at $1 before witnessing a bearish reversal that can give birth of a bullish up stride afterward in this crypto trading operations.

Waves:

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