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Considering the movement of Waves from last 5 days, the value was initially seen trading around the baseline on September 22, 2019 at 04:30 UTC trading at $0.9823. The value from then escalated by 22.56% on September 23, 2019 at 03:30 UTC, trading at $1.2040.
The lowest trading point in the said time frame was realized on September 24, 2019 when the value dropped by 33.56% at 19:40 UTC trading at $0.8005. However, the current trading value is slightly increased by 4.49% when compared to the latter price mark.
WAVES is trading in the strong bearish price range, concluding ‘selling’ as a wiser trade decision for the investors.
Short-Term Prognosis:
The short-term prognosis can aid with returns if having hit the trade decision on the lowest and highest price respectively. However, the value is below the baseline, but is expected to trade to next highest touch point soon.
Long-Term Prognosis:
If considered the Year-to-Date movement, Waves has been on a continual down string. According to the waves price prediction, Investors have to be careful with their long-term investment as it might take few months for the coin to recover the devaluation seen right now.
The calculated resistance and support levels are as follows:
Resistance Levels:
R1: $0.976, R2: $1.113, R3: $1.186
Support Levels:
S1: $0.766, S2: $0.692, S3: $0.556
