THELOGICALINDIAN - WAVES was already afresh trading college as cryptocurrency markets hardly climbed to alpha the anniversary Although the weekends red beachcomber has not absolutely achromatic FLOW was additionally able to move college on Monday
WAVES
WAVES rose for a additional after affair to alpha the week, breaking out of its abiding attrition akin in the process.
Today’s move in WAVES/USD saw prices breach through its abiding attrition akin of $19.55, ascent to a 3-month aerial in the process.
As of autograph this, WAVES is up 17.2%, and rose to an intraday aerial of $21.86, which is its accomplished akin back December 4.
This move pushed WAVES afterpiece to addition beam of $23.00, with the 14-day RSI continuing to hover aloft overbought territory.
After tracking at 72 yesterday, amount backbone currently sits at 78.4, which is its accomplished back August, back crypto markets were aggressive to almanac highs.
Although we could be attractive at added bordering gains, it may be adamantine for some to accept this run will abide throughout the week.
FLOW
Although it didn’t ascend by about as abundant as WAVES, FLOW did backlash to alpha the week, afterward yesterday’s bead in price.
FLOW/USD rallied from its abutment akin of $5.45 on Monday, to hit an intraday aerial of $5.91 beforehand in today’s session.
This came as the attic aural the 14-day RSI of 41.30 captivated firm, creating the foundation for beasts to re-enter the bazaar today.
Looking at the chart, this indicator now advance at the 45.06 level, and comes as the affective averages of 10/25-days attending set for an advancement cross.
Should this occur, the $6.90 beam will acceptable be the abutting ambition breadth for bulls, which accept acceptable already entered the market.
Is the $6.90 akin a astute ambition this week? Let us apperceive your thoughts in the comments.
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