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.

Live waves (WAVES) Price:

1 WAVES/USD =$2.3466 change ~ 4.51%

Coin Market Cap

$241.73 Million

24 Hour Volume

$10.87 Million

24 Hour VWAP

$2

24 Hour Change

$0.1059

 

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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