Buy Bitcoin here
  • Crypto
    • Bitcoin News
    • Ethereum
    • Altcoin
    • Blockchain
    • Blockchain Companies
    • Cryptocurrency Exchanges
    • DeFi
    • Regulation
    • Press Release
    • ICO News
      • ICOs Review
      • Upcoming ICOs
      • Scam
  • Education
    • CryptoTicker Starter Kit
    • Blockchain For Dummies
    • Crypto entrepreneurs
    • Free Resources
    • Events
    • Events Review
  • Prices
  • Exchange Comparison
  • Newsletter subscribe

  • News

    • Bitcoin News
    • Altcoin
    • Regulation
    • Blockchain Companies
    • Blockchain
    • Cryptocurrency Exchanges
  • News

    • Ethereum
    • Events Review
    • ICO News
    • Press Release
  • Education

    • CryptoTicker Starter Kit
    • Education
    • Blockchain For Dummies
    • Crypto entrepreneurs
    • Free Resources
    • Events
  • Cryptoticker

    • About us
    • Advertise
    • Media Kit
    • Submit your Press Release
    • Contact
    • Membership Login
  • Social Media

    Facebook
    Twitter
    Telegram
    Youtube
    • Newsletter
  • Crypto
    • Bitcoin News
    • Ethereum
    • Altcoin
    • Blockchain
    • Blockchain Companies
    • Cryptocurrency Exchanges
    • DeFi
    • Regulation
    • Press Release
    • ICO News
      • ICOs Review
      • Upcoming ICOs
      • Scam
  • Education
    • CryptoTicker Starter Kit
    • Blockchain For Dummies
    • Crypto entrepreneurs
    • Free Resources
    • Events
    • Events Review
  • Prices
  • Exchange Comparison
Starter Kit Membership Search
English
English Deutsch
Menu
Search


TradingView Waves

Waves Price Analysis – WAVES Price Aiming For a Re-test of a Crucial Pattern

Posted On October 4, 2020 Lorenzo Stroe 0

  • share 
  • share 
  • share 
  • tweet 
  • share 
  • share 

After a massive 860% rally during 2020, Waves has been one of the best-performing assets in the market for a reason. The digital asset is currently trading at $2.34 after a significant correction which should be considered somewhat healthy considering the magnitude of the bull rally.

waves price

WAVES/USDT daily chart – TradingView

On the daily chart, the price of Waves has formed a wedge, but its converging trendlines are still far from touching. On October 1, the price got rejected from the upper boundary and it’s now aiming for a re-test of the 100-SMA support level at $2.21

If the 100-SMA breaks, bulls still have the lower trendline at around $2 for the strongest support level. A bearish breakout below this point will take WAVES down to $1.63 where the 200-SMA currently stands.

On the other hand, a successful defense of the 100-SMA into a bull break will push the digital asset close to $3 where the 50-SMA sits. The trading volume of WAVES has been declining significantly over the past three days, indicating that volatility is nearby.

Bitcoin Update – Stopped On The Way To $11,200 By The BitMex FUD!

Can Waves Price Recover In The Short-Term?

waves price

WAVES/USDT 4-hour chart – TradingView

On the 4-hour chart, the price has dipped below a crucial support level at $2.41. Additionally, bulls have lost the 50-MA and the 100-MA. The RSI is not yet overextended and the last support level is $2.3.

Things aren’t looking great for the buyers, however, if they can establish a higher low compared to $2.3 into a higher high, they will confirm a 4-hour uptrend.

The 200-MA is close to a bearish cross with the 50-MA and the 100-MA which would further increase the selling pressure.

Follow CryptoTicker on Twitter and Telegram for daily crypto news and price analyses!

  • share 
  • share 
  • share 
  • tweet 
  • share 
  • share 

It is super easy to buy Bitcoin. Just take a look at our exchange comparison!

 

This post may contain promotional links that help us fund the site. When you click on the links, we receive a commission - but the prices do not change for you! :)

Disclaimer: The authors of this website may have invested in crypto currencies themselves. They are not financial advisors and only express their opinions. Anyone considering investing in crypto currencies should be well informed about these high-risk assets.

Trading with financial products, especially with CFDs involves a high level of risk and is therefore not suitable for security-conscious investors. CFDs are complex instruments and carry a high risk of losing money quickly through leverage. Be aware that most private Investors lose money, if they decide to trade CFDs. Any type of trading and speculation in financial products that can produce an unusually high return is also associated with increased risk to lose money. Note that past gains are no guarantee of positive results in the future. 

#waves


More from TradingView

Ethereum crash tops 13% – is this the END of the UPTREND?
Posted On February 23, 2021 Rudy Fares 0

Ethereum crashes more than 13%. What drove this specific crash and what will happen to Ethereum in the short term?

Correction Day is HERE! Should you Sell or start Buying Cryptos?
Posted On February 23, 2021 Rudy Fares 0

Should you start buying, hold your cryptos or sell everything? Correction day is here and the crypto market lost more …

Top 5 Performing Cryptocurrencies of the Week -(Week 30)
Posted On February 21, 2021 Prasanna 0

The crypto market is displaying a crazy drive at the moment. This post is all about top 5 cryptocurrencies that …

In order to support and motivate the CryptoTicker team, especially in times of Corona, to continue to deliver good content, we would like to ask you to donate a small amount. Independent journalism can only survive if we stick together as a society. Thank you


  • Top Broker

    Bybit
    bybit
    Review · Visit
    Plus500
    Plus500
    Review · Visit

    Top Exchanges

    Kraken
    Kraken
    Review
    Coinbase
    Coinbase
    Review · Visit
  • Newsletter subscription




  • News

    • Bitcoin News
    • Altcoin
    • Regulation
    • Blockchain Companies
    • Blockchain
    • Cryptocurrency Exchanges
  • News

    • Ethereum
    • Events Review
    • ICO News
    • Press Release
  • Education

    • CryptoTicker Starter Kit
    • Education
    • Blockchain For Dummies
    • Crypto entrepreneurs
    • Free Resources
    • Events
  • Cryptoticker

    • About us
    • Advertise
    • Media Kit
    • Submit your Press Release
    • Contact
    • Membership Login
  • Social Media















    Newsletter


  • Imprint
  • Privacy Policy
  • Non-liability Disclaimer
©2021 CryptoTicker

Share

Share stories you like to your friends