Altcoins

WAVES $WAVES Price Outlook: Slightly Bullish

@KittyBitcoin logo
December 13 2018 21:37 UTC
WAVES has gained 17.84% or 0.0001013 BTC in twenty-four hours. In this Thursday Edition find $WAVES price action, trend, technicals and more. Or jump right to the WAVES $WAVES Price Outlook.

 

Price Action

The price of $WAVES has risen over twenty-four hours. The last price at press time is 0.0006690 BTC. In Binance light to moderate volume trading the daily change is 17.84%, or 0.0001013 BTC:
$WAVES Price Change
period % BTC
24 hours 17.84 0.0001013
7 days 56.86 0.0002425
1 month 149.91 0.0004013

News

Trend

trend is UP

The WAVES weekly trend is up. $WAVES bucks the altcoin downtrend making double digit gains overnight.

[Trend is "up" when the weekly price movement is predominantly upwards.]

Chart

Tap / click to zoom:

waves-btc-four-hour-chart-2018-12-13

Remarks

May 25 2017 $WAVES weighed in at $2.47 (CoinMarketCap) and this was the last time WAVES registered a climb near to this price.

Subsequently $WAVES saw four rallies – in June 2017, December 2018, February 2018 and May 2018. The highest peak $17.31 was reached on December 19 2017.

Today $2.31 was the high mark on Binance.

The price is also affected by today’s official announcement of two new features: “two new and related features on MainNet: Smart Assets and Smart Account Trading”.

 

Technicals

Moving Average Convergence Divergence (MACD)

The MACD on the four hour chart is bullish.

[MACD is a trend-following momentum indicator]

Exponential Moving Averages (EMA)

period average
7 day 0.0006252
25 day 0.0005420
99 day 0.0004370

The short term EMA is sitting above both the medium and long term EMA, pointed upwards. This is a bullish state. There is some lessening of degree of climb as profit taking has turned the last four hour interval into a red price candle.

[EMA is a type of moving average that weights recent price fluctuations more, yielding a better short term signal]

Relative Strength Index (RSI)

The Relative Strength Index on the one hour chart is 62.3. This is a neutral state.

While technically neutral, the RSI has recently come down from an overbought state. The angle of descent looks poised to shed more price.

[RSI is is a momentum indicator that measures the magnitude of recent price fluctuations to determine an overbought or oversold state]

Bitcoin Price Modifier

The 24 hour Bitcoin change is -5.38%. This may exert a bearish influence on WAVES today.

[The bitcoin price modifier reflects the historical correlation between the price of $BTC and altcoins]

WAVES $WAVES Price Outlook

slightly bullish

  • the WAVES $WAVES price outlook is slightly bullish
  • if the price finds acceptance at higher levels the immediate resistance prints at 0.0006965
  • if the price finds acceptance at lower levels the immediate support prints at 0.0006147

 

Resistance levels: 0.0006965 there is a lack of recent historical data

Support levels: 0.0006147 0.0004250 0.0002575 0.0002336

 

Invalidation: This outlook is no longer valid if the asset has performed outside of its resistance or support levels, or outside of its short term analysis period.

 

Disclosure

The author does not hold WAVES $WAVES at the time of writing.

About @KittyBitcoin

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