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Waves Price Analysis: WAVES/USD is bullish for the next 24 hours

Ripple Price Analysis

TL;DR Breakdown

  • Waves price analysis shows the bulls are urging to make a comeback.
  • Price levels have been upgraded to $24 today.
  • Strong support can be spotted at $22.6.

The Waves price analysis is moving in the bullish trend for today. After a week of losses, the bulls are attempting to recover. About of ascents, the value has risen to around $24. If the momentum continues to increase, further appreciation is anticipated. The SMA 20 curve is also rising, indicating that things are looking up for investors.

WAVES/USD 1-day price chart: Price rejoins $24 level after the bulls take action

The price analysis for the Waves platform reveals that the bulls have made a comeback, with several indications of recovery. Cryptocurrency has had a big impact on our economy recently; however, today’s rise was fueled by optimism. It is currently resting at $23.81 and is expected to climb even higher in the coming days. The current price is supported by the MA value, which is $24.

Waves price analysis: Price striving for recovery above $23 after the bearish streak 1WAVES/USD 1-day price chart. Source: TradingView

The price has fallen, suggesting that further bullish trends may be expected in the future. Similarly, the Bollinger bands values have altered, with the upper value now being $33.23 and the bottom value is $20.4. Because of increased buying activity, the Relative Strength Index (RSI) score is now 43.32 percent rather than 40 percent.

Waves price analysis: Bears obscure any chances of forward movement

As of this writing, the price of Waves 4-hours is $24. The bears have taken up their opportunity to make the price undervalued and have so far avoided past the bullish momentum. The moving average remains below the current price at $23.634, indicating that the buyers cannot breakthrough. In addition, while the Bollinger bands average value is greater than $23.66 in the 4-hour price chart, it is currently at $23.66 in the 4 hours price chart.

Waves price analysis: Price striving for recovery above $23 after the bearish streak 2

WAVES/USD 4-hours price chart. Source: TradingView

The volatility is declining, which is a good sign for future developments. Furthermore, the Bollinger bands values have now been set at $24.71 as the upper band and $22.617 as the lower band, thus indicating an improvement in price movement. The RSI curve has also started to descend, with a current score of 49.12.

The bulls and bears have given each other strong rivalry, which is why the selling and buying signals are on par. We can see that there are nine indicators on both the selling and purchasing lines, whereas the remaining eight indicators are on neutral ground.

The moving averages indicator is giving bearish signals because the cryptocurrency’s price has seen a lot of volatility in recent weeks. Eight indicators are resting on the selling border, six on the purchasing border, and one at the neutral point. The buyers received positive Oscillators signals as well, with seven oscillators on the neutral level, three on the buying level, and one on the selling level.

Waves Price Analysis: Conclusion

The 1-day and 4-hour Waves price analysis is forecasting that the odds of a bull run are growing. Because of the rising momentum, the price has increased to $23.813 during the day, which is a fantastic way to end October. Furthermore, because they have regained their power, the support level at $22.6 provides bulls with an advantage.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.
Sergio Goschenko

Sergio Goschenko

Sergio is a cryptocurrency journalist based in Venezuela. He describes himself as late to the game, entering the cryptosphere when the price rise happened during December 2017. Having a computer engineering background, living in Venezuela, and being impacted by the cryptocurrency boom at a social level, he offers a different point of view about crypto success and how it helps the unbanked and underserved.

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