The Hourly View for Waves
- At the moment, WAVES’s price is up $0.05 (0.33%) from the hour prior.
- This is a reversal of the price action on the previous hour, in which price moved down.
- Regarding the trend, note that the strongest trend exists on the 50 hour timeframe.
- The moving averages on the hourly timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.
Waves’s hourly price chart is shown below.
The Daily View for Waves
- At the moment, WAVES’s price is up $0.03 (0.2%) from the day prior.
- Waves has seen its price go down 4 out of the past 5 days, thus creating some compelling opportunities for bears.
- As for the trend on the daily timeframe, we see the clearest trend on the 100 day timeframe.
- The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.
Below is a daily price chart of Waves.
Featured Waves Idea From TradingView
Below is a trading comment entitled USDCHF you may find interesting:
USD/CHF continues to lose upside momentum as seen in 4 hour MACD and intraday bias is turned neutral first. Some consolidations could be seen. But downside should be contained above 0.9372 resistance turned support to bring another rally. On the upside, sustained break of 0.9591 medium term projection level will pave the way to next at 0.9864.On the H4, price is near to the key resistance level. We expect that price will potentially reverse from 1st …
— AbdallaAmgad
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This post first appeared on Complete CFD Trading Guide, News And Analysis, please read the originial post: here
