Based on the given data, WAVES is currently trading at $2.997 against the USDT. The Relative Strength Index (RSI) for 4 hours, 1 day, and 7 days are 69.43, 73.55, and 69.81 respectively. These values indicate that the currency is nearing an overbought condition and may experience a pullback.
The MACD (Moving Average Convergence Divergence) for 4 hours, 1 day, and 7 days are positive, which is a bullish signal. The Bollinger Bands (Bb) for 4 hours, 1 day, and 7 days are also above the current price, suggesting there is room for upward movement.
There are strong supports at $2.786, $2.627, and $2.412 for the 4 hours timeframe, $2.491, $2.045, and $1.808 for the 1-day timeframe, and $1.928, $1.453, and $1.228 for the 7 days timeframe. This indicates that there are multiple levels where the price can potentially bounce back if it falls.
On the other hand, key resistance levels are at $3.468, $3.942, and $5.372 for the 4 hours timeframe, $3.341, $3.963, and $4.802 for the 1-day timeframe, and $3.450, $5.379, and $7.283 for the 7 days timeframe. These are the levels the price needs to break through for an upward trend to continue.
In conclusion, the currency is showing signs of bullish momentum as indicated by the positive MACD and RSI nearing overbought conditions. However, traders should be cautious as a pullback may occur due to the high RSI. The support and resistance levels provide potential entry and exit points for trading.
Please note that this analysis is based on the given data and may not be 100% accurate. Always do your own research and consider other factors before making investment decisions.
The MACD (Moving Average Convergence Divergence) for 4 hours, 1 day, and 7 days are positive, which is a bullish signal. The Bollinger Bands (Bb) for 4 hours, 1 day, and 7 days are also above the current price, suggesting there is room for upward movement.
There are strong supports at $2.786, $2.627, and $2.412 for the 4 hours timeframe, $2.491, $2.045, and $1.808 for the 1-day timeframe, and $1.928, $1.453, and $1.228 for the 7 days timeframe. This indicates that there are multiple levels where the price can potentially bounce back if it falls.
On the other hand, key resistance levels are at $3.468, $3.942, and $5.372 for the 4 hours timeframe, $3.341, $3.963, and $4.802 for the 1-day timeframe, and $3.450, $5.379, and $7.283 for the 7 days timeframe. These are the levels the price needs to break through for an upward trend to continue.
In conclusion, the currency is showing signs of bullish momentum as indicated by the positive MACD and RSI nearing overbought conditions. However, traders should be cautious as a pullback may occur due to the high RSI. The support and resistance levels provide potential entry and exit points for trading.
Please note that this analysis is based on the given data and may not be 100% accurate. Always do your own research and consider other factors before making investment decisions.