Waves Price Prediction Today: Daily (WAVES) Value Forecast – June 4
- WAVES/USD trade has been relatively experiencing a reduction in its price level lately.
- The WAVES/USD market may further prolong its currents range moving manner in the short-term run.
WAVES/USD Medium-term Trend: Bearish
- Supply levels:$2.80, $3, $3.20
- Demand levels: $2, $1.80, $1.60
The market valuation of WAVES/USD has been relatively experiencing a reduction in its price level lately. In about a few days ago, the crypto-trade saw a line of different lower lows under the sell signal trend-line of the 50-day SMA indicator. The Bollinger Lower Band is located below the 50-day SMA. The Stochastic Oscillators have headed into the oversold zone.
There could soon be a line of consolidation price movements in the WAVES/USD trade. Subsequently, the bulls may potentially move up the market after finding a stance around $2.40 and $2.20 price levels. But, the mark $2.60 may not be easily broken out northwardly.
WAVES/USD Short-term Trend: Ranging
Today’s WAVES/USD market’s stance has been clustering around $2.40 and $2.30 marks. Yesterday’s trading sessions firstly witnessed a chain of range price movements before ending with a one-hour bearish candlestick. The Bollinger Middle and Lower Bands have enclosed the market trading point as at the time of writing. The 50-day SMA is located over them. The Stochastic Oscillators have slightly touched range 60 from below.
The market seems to have found a foundation at $2.30 mark, and the bulls could muster their strength as well around it in near time.
Live waves (WAVES) Price:
1 WAVES/USD =$34.0867 change ~ 1.70%
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