Waves completes the trading week near the area of 9.02. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Waves. In the current trading week, the Ichimoku Kinko Hyo signal line area is expected to test near 10.00, from which it is expected to attempt a rebound and continue the development of the bearish trend with a target below 5.90. An additional signal in favor of the fall of the cryptocurrency is the resistance level test.
Waves weekly forecast January 29 — February 2, 2018
Earlier, we received a weak signal for sell of Waves cryptocurrency, due to the crossing of signal lines at the level of 13.00. Cancellation of the variant of falling quotations Waves will be a breakdown of the upper boundary of the Cloud of the indicator and the closing above the level of 13.80, which will indicate a change in the bearish trend in favor of the bullish trend. Expect to accelerate the fall of quotations is with the breakdown of the lower boundary of the model «Triangle» and closing below the level of 7.80.
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