Waves.tech is an all-encompassing ecosystem of innovative technologies advancing technological frontiers for the pioneering developers of tomorrow and adopting them for every-day practical implementation. Leveraging the three practical and powerful blockchain protocols, Waves.tech provides both developer-friendly infrastructure as an experimental ground for innovation and ready-to-use tools and products. https://ift.tt/31g405D Past Performance On March 17, 2021, WAVES opened at $9.875. As of March 24, 2021, WAVES closed at $11.108. In its lifetime since February 2019, the coin has risen by 347.45%. In the last 24 hours, WAVES has risen by 12.6%. However, for the last 3 to 4 hours, it is showing a falling trend. It has fallen by 4-5% during this period and continues to show a trend reversal. However, the currency per se has been quite robust and continues to add capabilities. Days-Ahead and Tomorrow Currently, WAVES is trading at $11.2422. The price has slightly moved from the opening price of $11.278. Thus, the market looks flat. The MACD and signal lines are in the negative territory. Moreover, a bearish crossover by the MACD line over the signal line has occurred. Thus, the overall market momentum is bearish, and we can expect a further price pullback. Currently, the RSI indicator is at 46%. It has moved away from either of the regions. Thus, it is a good time for traders to lie low and swing traders to watch out for gaps where they can make money. The A/D indicator has been decreasing in the past half hour. Thus, whale accumulation activity is quite low. Heavy buying will exert upward pressure on the WAVES price. There is a positive divergence here. Hence, as expected the price is falling and giving an opportunity to the swing traders to find divergence and trade. WAVES Price Analysis Presently, the price is below the Fibonacci pivot point of $12.12. It is still further away from the first support level of $10.891. If the bears remain strong for some more time, the price is likely to fall below the second support level of $9.826. However, it needs to have some more momentum for the next 4 hours to really cross this. The price has tested and gone near the 76.4% FIB retracement level of $9.395. If it does not retest and break out of this level by day close, then the downtrend will continue tomorrow as well. As of now, it is nearing the 138.2% FIB retracement level of $10.945.
The post WAVES on a Low Tide, Watch for Pivot – Technical Analysis appeared first on Cryptoknowmics-Crypto News and Media Platform.
from Live Crypto News – Cryptoknowmics-Crypto News and Media Platform
