WAVES Price Prediction Today: Daily (WAVES) Value Forecast – July 11

  • Finally, WAVES has succumbed to the US dollar's weighty pressure as $1.80 mark strong support level of the market has been breached southbound.
  • A strong bullish engulfing candlestick is needed to form around the Bollinger Lower Band to signify any possible end of the present downturn of the crypto-market.

WAVES/USD Medium-term Trend: Bearish

  • Resistance levels: $2.20, $2.40, $2.60
  • Support levels: $1.20, $1, $0.80

At last, the US dollar further exerts pressure on WAVES to the downside of the market’s trend. The crypto’s price has been going dip since July 7 while the market hit resistance around $2.20 mark. And, now, a new low point has been achieved since the inception of the crypto-trade.

The Bollinger Middle Band has intercepted the 50-day SMA from the top to indicate the intensity of the downward pressure. The Stochastic Oscillators have penetrated into the oversold zone to consolidate within it.

As the WAVES/USD market has come under bearish forces, the downward movement may continue slowly until another lower line of choppy moves occurs. Therefore, traders need to exercise some levels of cautiousness in opening a position now.

WAVES/USD Short-term Trend: Bearish


Yesterday’s trading operations of the WAVES/USD market saw a relative decrease in valuation. Today, the crypto has been put under a more selling pressure by the USD from a point $1.70 down briefly past a lower mark at $1.50.

Price has been trading around the trend-line of the Bollinger Lower Band. The 50-day SMA is located over the Bollinger Middle Band. The Stochastic Oscillators have slightly crossed at range 40. And, they appear to point to the south possibly afterward.

There are probabilities that these market may continue to succumb to downward pressure below $1.70 horizontal price mark. A strong bullish engulfing candlestick is needed to form around the Bollinger Lower Band to signify any possible end of the present downturn of the crypto-market.

Waves:

Live waves (WAVES) Price:

1 WAVES/USD =$2.4947 change ~ 6.98%

Coin Market Cap

$256.99 Million

24 Hour Volume

$11.55 Million

24 Hour VWAP

$2

24 Hour Change

$0.1742

The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.

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Azeez Mustapha
Azeez began his FinTech career path in 2008 after growing interest and intrigue about market wizards and how they managed to become victorious on the battlefield of the financial world. After a decade of learning, reading and training the ins and outs of the industry, he’s now a sought after trading professional, technical/currency analyst and funds manager - as well as an author.

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer

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