Waves (WAVES) is a promising cryptocurrency that has shown a lot of promise for making its mark in the cryptocurrency world. Regarded as one of the best altcoins for traders, Waves is definitely a buy right now. Lets look at Waves’ technical analysis for this 2019.
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Here at BitMD, we are always watching the markets and keeping our eyes on the technical development of the hottest cryptocurrencies. We believe that one of the most important things for our readers is to be able to understand the technical developments and move their assets accordingly. So, here is the first technical analysis for WAVES (WAVES), focusing on the technical aspects of the project, as well as the technical analysis of future developments.. Read more about waves prediction 2021 and let us know what you think.
We utilize historical data, price analysis, RSI, RVOL, and other information about WAVES to evaluate the cryptocurrency’s future movement in Technical Analysis of Waves (WAVES) for 2021.
Waves is an open blockchain technology and toolkit for creating Web 3.0 apps and decentralized solutions that enhance IT security, dependability, and speed. This enables anybody to build their own apps, which adds to blockchain’s widespread acceptance.
Current Market Situation for Waves (WAVES)
At the time of writing, the WAVES price was trading at $24.22 with a 24-hour trading volume of $190,207,513 according to Coingecko. WAVES, on the other hand, has risen by 5.1 percent in the past 24 hours.
In addition, WAVES has a 100,000,000 WAVES circulating supply. WAVES is currently traded on Binance, Tokocrypto, OKEx, FTX, and Huobi Global exchanges.
Waves (WAVES) Technical Analysis 2021
WAVES is currently at 59th place on Coingecko. WAVES may reach new heights as a result of recent development and improvements. Let’s take a closer look at the WAVES technical analysis for 2021. WAVES’ daily time frame chart is shown below.
Horizontal Channel Pattern WAVES/USDT (Image courtesy of Tradingview)
The horizontal channel design resembles a rectangular pattern. It has at least four places of contact. This is because it requires at least two lows and two highs to connect. The buying and selling pressures are balanced, and the price movement is trending sideways.
WAVES is now trading in a $23 range. If the price violates the trend line, it will fall to the $8.78 support level. Otherwise, it will hit the $40.71 resistance level.
RSI Waves (WAVES)
WAVES’ relative strength index (RSI) is shown in the chart below.
RSI WAVES (Image courtesy of TradingView)
The RSI is still at 67.94, as seen in the chart above. This indicates that the price of WAVES is almost overbought. This demonstrates the need of traders trading cautiously, since a big price reversal may occur.
RVOL WAVES WAVES WAVES WAVES WAVES WAVES WAVES WAVE
The Relative Volume of WAVES is shown in the graph below. RVOL is a trading indicator that shows how current trading volume has changed over time when compared to previous trading volume.
RVOL WAVES (Image courtesy of TradingView)
The RVOL of WAVES is below the cutoff line in the preceding chart, which indicates the weaker players in the current trend.
Moving Average Waves (WAVES)
The Moving Average (MA) of WAVES is shown in the graph below. A moving average is a tool used in technical analysis to help traders spot trends.
MASSIVE WAVES (Image courtesy of TradingView)
WAVES is now in a bullish condition. The WAVES price, on the other hand, is above the 50 MA (short-term) and has a good probability of going higher. Furthermore, the price of WAVES is above the 50 MA and the 200 MA (long-term), indicating that it is fully bullish. Furthermore, a Trend reversal is a distinct potential at any moment.
Waves (WAVES) vs. Bitcoin (BTC) Price Comparison
The price comparison between WAVES and BTC is shown in the graph below.
Chart comparing the prices of WAVES and BTC (Source: TradingView)
The trend of the BTC can be seen on the chart, and WAVES is going in lockstep with the trend. This means that when the price of BTC rises or falls, the price of WAVES rises or falls as well.
With the continuing development and improvements to the WAVES platform. Waves has a bright future in the cryptocurrency industry. WAVES, on the other hand, may soar to new heights.
The bullish price forecast for WAVES in 2021 is $28.83. However, as previously said, it has the potential to reach tremendous heights, reaching $40.7 in 2021 if investors believe WAVES is a solid investment.
What exactly is WAVES?
WAVES is a blockchain platform that may be used for a number of purposes, including decentralized applications (DApps) and smart contracts.
WAVES is available for purchase at the following locations.
Binance, Tokocrypto, OKEx, FTX, and Huobi Global are just a few of the cryptocurrency exchanges that have WAVES listed.
Will WAVES be able to set a new ATH in the near future?
The WAVES platform’s continuing improvements and enhancements have a good chance of achieving its ATH shortly.
Disclaimer: The views stated in this graph are entirely those of the author. It should not be construed as investment advice. Before investing, TheNewsCrypto staff advises everyone to conduct their own research.
The Waves Wallet is the first highly-secure and easy to use Blockchain Wallet. The Wallet includes a built-in cryptocurrency exchange and a multi-cryptocurrency wallet. The integrated cryptocurrency exchange allows traders to exchange cryptocurrencies for other cryptocurrencies or fiat money. The multi-cryptocurrency wallet allows users to store and exchange cryptocurrencies. It comes with a built-in fiat exchange allowing users to exchange cryptocurrencies for local currency.. Read more about waves crypto news and let us know what you think.
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