Waves is trading at 8.27. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Waves. The test is expected to test the lower boundary of the Ichimoku Kinko Hyo Cloud near the level of 8.70, from which one should expect a rebound and attempt to continue falling with the target close to 4.30.
Waves forecast & technical analysis on January 22, 2018
An additional signal in favor of the fall of the cryptocurrency will be the test of the upper boundary of the bearish channel. Earlier, a strong signal was received for sell of Waves cryptocurrency, due to crossing of signal lines at level 11.50.
Cancellation of the variant of falling quotations will be a breakdown of the upper boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotes above the area of 10.80, which will indicate the change of the bearish trend in favor of the bullish trend. Expect to accelerate the fall in quotations Waves is with the breakdown of the level of 8.00.
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