WAVES Price Prediction Today: Daily (WAVES) Value Forecast – July 18

  • WAVES/USD pair has been encountering resistance around $1.70 mark.
  • The bears’ forces of further declining the WAVES/USD market yet appears not to have been exhausted.

WAVES/USD Medium-term Trend: Bearish

  • Resistance levels: $1.70, $1.80, $1.90
  • Support levels: $1.20, $1, $0.80

WAVES/USD market point has been rising and falling under the trend-line of the 50-day SMA trading indicator to give a bearish trend outlook. In the process of struggling to surge upward, the pair has been encountering resistance around $1.70 mark. And, now, the market is trading around low values of $1.40, and $1.30.

The Bollinger Upper Band and the 50-day SMA are a bit over $1.50 market level. The indicators as a whole still slightly point to the south. The Stochastic Oscillators have been consolidating around range 20.

To some reasonable extent, the bears’ force appears to have a better chance in this crypto-market. Therefore, traders may have to be on the lookout for a good bear set-up while a reversal occurs against an upward move at strategic market points.

WAVES/USD Short-term Trend: Bullish

As at the of writing today, the WAVES/USD market trend in the short-term run maintains a very slight increase in valuation. The pair moves upward from a low value around $1.37 or thereabout to trade around a high value at $1.45.

The Bollinger Upper Band and the 50-day SMA are now at the $1.45 mark. The Stochastic Oscillators are now attempting to close at range 60. They may eventually point to the south to signify an end in the crypto-traders slight northward journey.

The bears’ forces of further declining the WAVES/USD market yet appears to be imminent. The bulls may have another opportunity to rebuild their foundation around $1.35 and $1.30 levels if they cannot trade past and sustain over the $1.45 mark.

Waves:

Live waves (WAVES) Price:

1 WAVES/USD =$2.3546 change ~ 7.50%

Coin Market Cap

$242.56 Million

24 Hour Volume

$10.99 Million

24 Hour VWAP

$2

24 Hour Change

$0.1766

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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