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Waves Price Prediction June, July & August: With a Bearish End in JUNE Will WAVES Price Regain Bullish Momentum Ahead?

Waves Price

Key Takeaways

Price Comparison Table

Crypto-Asset Start-Month Price (May) Mid-Month Price (May) End-Month Price (May) % Change
Waves (WAVES)  INR 1010.53 INR 562.64 INR 696.47 -45.09%

* As of 01-June-2022

Check latest prices, charts, and data of WAVES/USDT

Waves (WAVES) Technical Analysis at a Glance

The WAVES price had maintained in the past couple of days, where the prices reached the peak and fell massively below its initial levels. However, due to the recent upswing, the prices were able to reach the upper resistance but failed to surpass it. And hence consolidation within the lower levels may continue for some more time before knocking out the bears completely. 

Short-Term (1hr) The price had rallied notably high earlier and quickly began consolidating, however, the prices could resume with the uptrend soon
Mid-Term (4hr) WAVES prices are currently hovering along the upper resistance despite a minor pullback and hence rising possibilities of a notable upswing soon
Long-Term (D) The price after a pretty long time flipped from the bearish trend and hence the price could maintain the uptrend eliminating all the odds

Technical Indicators & Pivot Levels

Technical Indicators

Technical Indicators Value(1D / 1M) Action (1D / 1M)
Relative Strength Index(RSI) 52.96 / 48.12 Neutral / Neutral
MACD(12,26) -1.48 / 2.89   Sell / Buy
Average Directional Index(ADX) 42.17 / 43.09 Neutral / Neutral
Bull-Bear Power 3.56 / -16.57 Buy / Sell

Pivot Levels

Pivot Levels Short-Term(D) Mid-Term(W) Long-term(M)
Moving Average(MA)-50 INR 936.18 INR 1509.37 INR 543.71
Moving Average(MA)-200 INR 1349.59 INR 549.92 INR 135.73
Resistance INR 1094.14 INR 1331.25 INR 2167.38
Support INR 320.94 INR 320.40 INR 320


Oscillators Short-Term Mid-term Long-Term
Stochastic Oscillator 37.34 7.909 24.04
Ultimate Oscillator 61.25 30.12 41.08
Average True Range(ATR) 1.02 9.97 15.66
CCI 210.29 -85.08 -113.54

Due to the current market conditions, the WAVES price is somewhat bullish in the hourly time frame, but in the larger time frame, the asset is extremely bearish. Yet some possibilities of an upswing may be expected later this month as RSI is not displaying any bullish or bearish divergence. And Bull-bear power indicates bulls are still well-positioned. 

Considering the weekly and monthly charts, the upcoming months may be notably bearish. Yet the asset is highly volatile in both time frames and hence a significant price action may be expected. However, bears may capitulate the rally ahead after the asset is done with a minor upswing at present. 

WAVES Price and Technical Analysis for May-July

Source: Tradingview

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The above information represent the independent views of Primestack Pte. Ltd, Neblio Technologies Pvt. Ltd, and/or their affiliate entities and are for informational & educational purposes only. The content, information or data provided above is not an offer, or solicitation of an offer, to invest in, or to buy or sell any interest or shares, virtual digital assets/ crypto products or securities, or to participate in any investment or trading strategy. Any statement or communication made above shall not be treated as a legal, financial, investment or tax advice by the reader. The calculations, data, risk-return formulations, performance or market capitalization indicators captured above are based on the independent data sourcing including collation of public information and/or analysis performed by analysts, advisors or employees of Primestack Pte. Ltd/ Neblio Technologies Pvt. Ltd and/or their affiliate companies and/or any third party. Past performance is not indicative of any future results. The reader(s) are hereby advised to consult their financial/ legal/ tax advisor(s) before making any investment.


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