WAVES Technical Analysis: Must Surpass $20 To Continue The Uptrend

WAVES coin price takes support from the 200-day EMA after the higher price rejection led to reversal from $20. Will the bulls continue to march ahead? Key technical points: WAVES coin price sustain above $17 The DMI indicator shows a boom in trend momentum. The 24-hour trading volume in the Waves token is $864 Million, indicating a 70% rise. Past Performance of WAVES WAVES coin price shows higher price rejection from $20 after the crazy buying spree started with the $10-$12 range breakout. The long tails appearance resulted in the decline to the support confluence of the 200-day EMA and $17. Hence, a decrease in buyers is evident as the buying spree takes a breather. Source-Tradingview WAVES Technical Analysis WAVES prices take hold at the $17-$18 emotional barrier and a hint of a reversal to reach $20 in upcoming sessions. However, the bullish attempts fail to withstand the selling pressure at $20. The sudden reversal in the 50 and 100-day EMA as the prices skyrocketed last week indicates bullish crossovers with the 200-day EMA. However, the hunt for a power grab might result in a downfall in the altcoin that may lead to the bearish continuation in EMAs. DMI Indicator: ADX surpasses the 35% mark with a parabolic growth crossing above the +DI line. The DI lines maintain a bullish alignment but show a reversal to approach one another. However, the DI lines maintain a vast gap and provide enough time to retain the bullish path. ...