1
At press time, the Waves crypto was trading close to $3.88, reporting an intraday loss of nearly 0.81%.
2
The Waves price traced 20-day EMA and bounced back higher, highlighting buyers’ presence at the lower levels.
The Waves crypto trades sideways above the exponential moving average of 20 days. The last couple of sessions have noticed a fight between the bulls and bears with each trying to take control of the trend in the short term.
The short term as well as long term trend outlook was bullish and the price maintained a higher low and higher high structure pattern for the last two months. The WAVES price displayed a positive trajectory and kept rising, taking support multiple times from the dynamic support of 20 and 50-day EMAs.
However, the recent selloff has dented the bullish outlook. The price has bounced back from the 50-day EMA but lacks momentum to rise further.
Now, if the bulls are able to defend the dynamic support of 20 a
We współpracy z: https://www.thecoinrepublic.com/2024/03/29/waves-crypto-traced-20-ema-a-short-term-hiccup-or-long-term-fall/
