WAVES $WAVES Price Outlook: Slightly Bullish
|$WAVES Price Change|
— Waves Platform (@wavesplatform) December 13, 2018
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.]
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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”.
Moving Average Convergence Divergence (MACD)
The MACD on the four hour chart is bullish.
Exponential Moving Averages (EMA)
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.
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.
WAVES $WAVES Price Outlook
- 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
The author does not hold WAVES $WAVES at the time of writing.
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