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WAVES Technical Analysis: Correction Can Be Completed

WAVES Technical Analysis: Correction Can Be Completed


Cryptoknowmics
2022-02-28 06:30:47
WAVES Technical Analysis: Correction Can Be Completed

The WAVES cryptocurrency is one of the few that has shown some stability and increased trading volumes at local lows. Looking at the weekly timeframe, we see that the last 6 weekly candles are closing at high volumes. At the same time, the WAVES price is in place in the consolidation. The general correction of the WAVES price, which began in May 2021, corrected the previous growth wave by 78%. It was there that buyers confidently slowed down the fall in prices and launched a counterattack. https://www.tradingview.com/x/EWwoaghb/ If buyers take control of the local mark of $12.4 – then we expect to continue to increase the WAVES price to $26. However, even after the price grows by 100%, the local trend in the WAVES market will remain bearish. To fully select the initiative from the hands of sellers, buyers should check the mark of $36 and then keep $26. In this case, we can confidently say that the correction in the WAVES market is over and we expect a long and powerful growth wave. Technical Analysis Of WAVES On The Daily Timeframe https://www.tradingview.com/x/FLgRdjOE/ The increase in the trading volumes on the WAVES market is perfectly noticeable in the daily timeframe. In the clear consolidation range of $8-$12, buyers are confidently gaining ground. This can be seen by comparing trading volumes during local growth and local decline within the consolidation. During the local fall in the WAVES price, the trading volumes dec...

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