WAVES Price Prediction Today: Daily (WAVES) Value Forecast – July 16
- The short and medium-term outlook is in the downtrend.
- Responsible selling should be considered.
WAVES/USD Medium-term Trend: Bearish
Supply zones: $3.00, $4.00, $5.00
Demand zones: $1.00, $0.80, $0.60
The cryptocurrency continues in a downtrend in the medium-term outlook. The bears held on to the market after the target at $1.77 was attained with a retest on 11th July. WAVESUSD plunges to$1.77 in the demand area before the loss in momentum.
The bullish momentum pushed the coin back up to the broken demand area now a key supply area on12th and 14th July. The bulls were in control as the market opened today at $1.48. The cryptocurrency was up at $1.66 in the supply area before momentum loss at the 50-EMA and the bears stage a comeback.
Price is below the two EMAs with the signal of the stochastic oscillator up at 53% suggesting a minor push up to the key supply area before the bear possible returned for a downtrend. $1.30 is the bears' target in the medium-term.
WAVES/USD Short-term Trend: Bearish
The initial break of the trendline by the bear pressure after the drop in the cryptocurrency price to $1.47 in the demand area suggest the beginning of a downward journey.
The signal of the stochastic oscillator points down at 67% is suggestive of a continuation of the downward momentum in price of the coin in the short-term.
$1.30 in the demand area is on the card as the initial target as the bearish momentum increased and more candles opened and closed below the two EMAs.
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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