Waves Coin Gained More Than 16%
WAVES Coin is trading strongly bullish over the daily chart presently CMP at $20.73 resulting in an interesting pattern.
The pair of WAVES/BTC is trading at 0.0005008 BTC with an intraday gain of 21.41%, whereas the WAVES/ETH pair is CMP at 0.007602 ETH with a 24-hour positive change of 23.35%.
The bulls are being strongly favored by the WAVES coin. The token went through some interesting patterns over the daily chart. At first WAVES got stuck in a descending parallel chain for a long term from October 2021.
Apparently moved into a horizontal consolidation range in February 2022. At last the WAVES Coin turned into a strong bullish rally from 28th February 2022. The WAVES coin consolidated in the horizontal range of $12.67 and $8.21 in its notice period.
Buyers are happy to push their limits in the upward parallel channel to deliver the WAVES coin price till $34.00 respectable level of resistance.
The technical indicators reveal the different side of the story as the short term view of WAVES is that it may undergo a breakdown anytime. The WAVES coin may fall at any moment and bulls need to sustain to avoid the downfall of the coin. The coin may fall most probably from the primary resistance level of $22.00.
Stochastic Relative Strength Index forecast the presence of WAVES coin in the extreme overbought territory. The K and D both are present at 100 mark and they may generate a crossover at any moment now. It’s up to the bulls now to sustain at the overbought territory.
MACD showcases bullish behaviour of the WAVES coin. The MACD line is above the signal line in the positive zone with no intention of crossover.
Technical Levels
Support Levels: $2.80 and $2.50
Resistance Levels: $3.80 and $4.50
The pair of WAVES/BTC is trading at 0.0005008 BTC with an intraday gain of 21.41%, whereas the WAVES/ETH pair is CMP at 0.007602 ETH with a 24-hour positive change of 23.35%.
The bulls are being strongly favored by the WAVES coin. The token went through some interesting patterns over the daily chart. At first WAVES got stuck in a descending parallel chain for a long term from October 2021.
Apparently moved into a horizontal consolidation range in February 2022. At last the WAVES Coin turned into a strong bullish rally from 28th February 2022. The WAVES coin consolidated in the horizontal range of $12.67 and $8.21 in its notice period.
Buyers are happy to push their limits in the upward parallel channel to deliver the WAVES coin price till $34.00 respectable level of resistance.
The technical indicators reveal the different side of the story as the short term view of WAVES is that it may undergo a breakdown anytime. The WAVES coin may fall at any moment and bulls need to sustain to avoid the downfall of the coin. The coin may fall most probably from the primary resistance level of $22.00.
Stochastic Relative Strength Index forecast the presence of WAVES coin in the extreme overbought territory. The K and D both are present at 100 mark and they may generate a crossover at any moment now. It’s up to the bulls now to sustain at the overbought territory.
MACD showcases bullish behaviour of the WAVES coin. The MACD line is above the signal line in the positive zone with no intention of crossover.
Technical Levels
Support Levels: $2.80 and $2.50
Resistance Levels: $3.80 and $4.50
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