Waves is trading at 4.81. The cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates that there is a bullish trend in Waves. The test area of Ichimoku Kinko Hyo signal lines near the level of 4.60 is expected, from which we should expect a rebound and an attempt to continue growth with the target close to 5.40.
Waves forecast & technical analysis April 18, 2018
An additional signal in favor of growth of the Waves cryptocurrency will be a test of the lower border of the channel. Earlier, a medium strength signal was obtained for buy of Waves, due to the crossing of signal lines at level 3.60.
Cancellation of the variant of growth of quotations will be a breakdown of the lower boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotations below the area of 4.20, which will indicate a change in the bullish trend in favor of a bearish trend. Expect to accelerate the growth of quotations Waves is with the breakdown of the resistance level and closing above the area 5.10.
