WAVES Price Prediction Today: Daily (WAVES) Value Forecast – July 2
- The short and medium-term outlook is in a bearish trend.
- Traders may look to sell at bullish exhaustion areas.
WAVES/USD Medium-term Trend: Bearish
Supply zones: $3.00, $4.00, $5.00
Demand zones: $1.30, $1.20, $1.10
The cryptocurrency is in a downtrend in the medium-term outlook. The break down at $2.25 in the lower demand and subsequent retest sets the coin up for the journey down south. WAVESUSD fell to $1.78 in the demand area on 28th June before loss momentum loss.
$2.02 in the supply area was the point the bulls lost momentum this was around the 10-EMA. $1.72 in the demand was yesterday low as the bears resumed downward continuation.
The bearish railroad formation after today’s opening at $1.88 in the supply area signaled the bears' takeover as the candle closed with a wick. Price is below the two EMAs with the signal of the stochastic oscillator pointing down at 24%. These suggest a continuation in the journey down south.
$1.50 in the demand area remains a target for the bears in the medium-term.
WAVES/USD Short-term Trend: Bearish
The bearish engulfing candle formed after today’s opening at $1.87 in the supply area signaled the bears' takeover as the candle closed with wick an indication of bullish exhaustion. This was also around the trendline a strong resistance area which confirms the bears' dominance. Price dropped to $1.70 in the demand area.
The signal of the stochastic oscillator points up at 25% an indication of minor upward price movement may occur as the bulls’ stage a brief returned before the bears resume the downward movement.
$1.60 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 =$9.0877 change ~ -6.28%
The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.