THELOGICALINDIAN - Following a weeklong acceptable band ANC assuredly fell on Sunday as crypto bears assuredly entered the affray Despite this WAVES managed to advance contempo highs and has now climbed abutting to 60 in the aftermost week
Anchor agreement (ANC)
Following a band of beginning almanac highs from Wednesday to Saturday, Sunday saw anchor agreement (ANC) abatement by over 20% as bears assuredly re-entered the market.
Anchor agreement which was trading college for bristles after sessions, saw this drive apoplectic in a big way.
ANC/USD fell to an intraday low of $4.55 during today’s session, afterward an beforehand aerial of $5.95 to alpha the day.
This bead now agency that the best aerial in ANC’s amount is $6.18, and comes afterwards advancement amount drive acutely ran out of steam.
Prices were overbought for a ample allotment of its run, with abounding seeing it as assured that a bead would come.
The 14-day RSI now advance beneath 63, afterwards aggressive to as aerial as 86 beforehand on this week.
WAVES
WAVES connected to adhesive its position as the #48 ranked cryptocurrency currently in circulation, afterwards airy from Yesterday’s fall.
Today’s move in WAVES/USD comes as prices bounced higher, and are now hardly beneath attrition at $19.50.
Following a low of $16.82 on Saturday, WAVES rallied to an intraday aiguille of $19.16, which is aloof beneath $2 abroad from its accomplished point back December 5.
This move pushed WAVES 5.23% college as of autograph this, with the 14-day RSI continuing to hover aloft overbought territory.
Price backbone currently sits at 72.4, and now looks as admitting it could be aggravating to anamnesis the 76.9 resistance.
However as we saw with ANC, back markets are overbought to this extent, an aggression from bears is additionally a possibility.
Is this a acceptable time to abbreviate WAVES? Or will it abide to ride higher? Let us apperceive your thoughts in the comments.
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