• The adversity of the bears' effect hasn't been that weighty in the WAVES/USD market's medium-term run.
• Meanwhile, $2.30 and $2.20 market levels are the extent that the bears may push the WAVES/USD trade.

WAVES/USD Medium-term Trend: Ranging

• Supply levels: $2.70, $2.80, $2.90
• Demand levels: $2.20, $2.10, $2

The market record book of WAVES/USD has had a sizeable number of variant spikes in its yet range trade. While the market was trading in a range on June 16, the market suddenly saw a spike that put the crypto-market to closely average a high value at $1.70 mark.

The Bollinger Bands and the 50-day SMA are still found trending towards the east. The Stochastic Oscillators have slantingly moved towards range 20.

The WAVES/USD trade is expected to return to the market after finding a stance below the 50-day SMA. Therefore, traders are enjoined to be on the lookout a decent buy set-up.

WAVES/USD Short-term Trend: Bearish

WAVES has been slightly under selling pressure as against the US dollar price valuation in the market today. Yesterday’s trading sessions also witnessed a decline in the market in a sequential dropping order along with the trend-line of the Bollinger Lower Band.

The indicators now bend towards the south to suggest that downward movement is on-going in the WAVES/USD market. The Stochastic Oscillators have reached range 20.

The bears may still push the market’s point to a low demand level at $2.30 mark. And, that point may be used as the bulls’ foundational line in the market.

Waves:

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