STOCKS TELEGRAPH

Tag: WAVES

  • Some Coins that know how to stay in Light

    Some Coins that know how to stay in Light

    Monero (XMR)

    XMR uses cutting-edge cryptography to make senders and recipients equally anonymous. Its objective is straightforward: to permit transactions to be carried out secretly and anonymously. At the time of writing, Monero is being traded at the rate of $150.74. It has gained 3.96% in the last 24 hours. The trading volume in the last 24 hours is around $189,671,445.

    Lido Finance (LIDO)

    For Ethereum, Lido is a liquid staking solution. Lido allows users to bet their ETH without requiring any minimum deposits or infrastructure upkeep. At the time of writing, LDO is being traded at the rate of $1.49. it has lost 13.51% in the last 24 hours. The trading volume in the last 24 hours is around $115,970,119.43.

    USDC

    The stable coin of the Terra Network had its value pegged to Dollar. After the collapse, USDC still hasn’t been able to recover from the damage. It is being traded at the price of $0.037. It has lost almost 12% in its value in the past 24 hours.

    Gala (GALA)

    GALA helps the users with the ownership of the gaming experience. At the time of writing, GALA is being traded at the rate of $0.05264. It has lost 10.24% in the last 24 hours. The trading volume in the last 24 hours is around $329,877,845.

    Waves (WAVES)

    Waves still haven’t been able to recover from the damage caused by the information that was leaked. At the time of writing, WAVES is being traded at the price of almost $5.55. In the past 24 hours, the price has dropped by almost 10% making it one of the top losers today.

    Fantom (FTM)

    Fantom (FTM) suffered a major blow when Andre left the network, ever since then, the price has dropped continuously. In the past 24 hours, the price has dropped by almost 10% and now is being traded at the price of almost $0.3077.

    All-Time High Coins

    Furio (FUR)

    It is a project that is based on Defi and is going to have its own ecosystem. At the time of writing, FUR is being traded at the price of almost $14.06. Today it went on to touch a new all-time high at a price of almost $14.11.

    Olive (OLV)

    It is based on a new concept of Eat to Earn. This project allows people to earn coins to imagine, create, and share everything they can. At the time of writing, OLV is being traded at the price of almost $0.833. Today it went into price discovery and touched a value of $0.873.

    MetFX (MFX)

    Based on a new method known as Watch to Earn, this project allows its users to get coins as they watch videos. It utilizes the watch time and provides monetary benefits to its users. $0.00742. It went on to touch $0.00802.

    Creature Hunters (CHTS)

    It is an online puzzle game that uses the technology of NFTS. The coin is being traded at the price of almost $0.179. This price is also its ATH value.

    BitBurn (BURN)

    It provides the 5% reflection value of BTC in the form of its own tokens. At the time, it is being traded at the price of almost $0.0714. This is also its ATH value.

  • Waves (WAVES) Surges – Why?

    Waves (WAVES) Surges – Why?

    The local token of the blockchain stage Waves (WAVES) has risen strongly in value this week, as another all-inclusive strategy to get back certainty decentralized finance (DeFi) on the organization has been divulged.

    The new gains come as the Waves network on Friday last week disclosed its “DeFi restoration plan, which it expressed expects to cause all Disturbances convention clients entire and reestablish full working of its ecosystem’s DeFi Protocols.

    A recovery plan for DeFi conventions on the organization has been viewed as important for the Waves people group, after two occurrences in April left many Waves, clients, with weighty misfortunes, prompting a deficiency of trust in Waves’ future as a chain for DeFi.

    On April 2, the Neutrino Protocol’s stablecoin USDN lost its US dollar peg because of the weighty selling of the coin in a liquidity pool on DeFi convention Curve Finance (CRV). The cost of the symbolic tumbled to as low as USD 0.76, while Vires Finance, a loaning convention on Waves, encountered a ‘bank run’ when stressed moneylenders hurried to pull out their stores.

    Then, as the old Terra (LUNC) network imploded and terraUSD (USTC) lost its peg around May 10, USDN indeed endured what was portrayed as a “second huge de-fixing,” sending the coin to a comparable low as the initial time around. At the hour of composing, USDN presently can’t seem to completely recuperate from this occurrence, exchanging the scope of USD 0.95 and USD 0.99 throughout recent hours.

    As per Waves’ recovery plan, new measures, for example, everyday withdrawal limits and “versatile” acquire and withdrawal limits for Vires Finance have proactively been executed.

    Different measures, including new impetus components to work on the interest for USDN, and a more disputable proposition to “assume command” over the insurance of a few huge borrowers on Vires Finance, will currently depend on the local area to settle on.

    All in all, the arrangement conceded that DeFi on Waves “has experienced a critical emergency,” and that comparable circumstances have “obliterated” different conventions previously.

  • Waves (WAVES) -Top Gainer and What Now?

    Waves (WAVES) -Top Gainer and What Now?

    Waves after making its All-Time High, which was at $41.86, started breaking structures to the downside. The price has just Impulse to the upside after it was released. So a correction of this Impulse was necessary which is being unfolded right now. This is being observed on the Monthly Time Frame, so talking about the decrease in price, in the past 4 months Three bearish candles decreased the price of Waves by 88% while the last month was a gain of 78%. Now, this Bullish candle can be considered as a correction of the bearish wave which itself was a correction of the first wave which was bullish in nature after it was launched.

    Nothing more on the Monthly Time Frame, so moving down to the Weekly Time Frame. On Weekly Time Frame, first checking out the Structures, the structure is still to the downside. The price recently flipped the most recent Demand Zone, so probably the Supply Zone is in control. Checking out the Momentum, the price of Waves did push upwards and bullish momentum was seen but overall on a macro scale, the bearish Momentum still is very strong. While it was pushing down, 13 consecutive bearish candles were observed which shows a lot of strength bears had. Both, the Momentum and structure to the downside show that only shorts positions must be preferred. The Order Flow is to the downside, Most people after strong momentum get in the reversal which most of the time fails.

    WAVES - 1D

    Moving down to the Daily Time Frame instead of the 4 Hour time frame on Waves, because on 4 hours, there is nothing special, just a big pump which was most definitely due to the BTC influence. Now going over the Daily Time Frame, it can be seen that price recently tapped in a Hidden Order Block which was sitting within the wick. The price reacted off it beautifully. Below that there was Trendline Liquidity which got taken out and the price has now the necessary fuel. It can’t be ignored that price flipped a supply zone as well on a micro stage and also did a shift in the market structure below as it was unable to create a lower low. Talking about the invalidation point, if the level of $20.11 gets violated the whole scenario would get invalidated, while talking about the targets, the level of $13.36 can serve as a great one as the price can bounce from that as that is the last demand zone in control

  • Waves Coin Showing Strong Momentum during the Crash

    Waves Coin Showing Strong Momentum during the Crash

    Waves coin has been one of the most bullish coins and the top gainers of the market. Even with the BTC going down and the whole market red, it has shown strong momentum.

    Starting from the weekly Time frame, for the past 15 weeks, the candles which are being printed are bearish, and only 2 weeks within these bearish waves, the candles closed as bullish but still with very low volume. So it’s just not too great to go against such momentum. So the bias in which the weekly time frame is given is for short.

    Moving to the daily time frame, Structure wise the price of Waves is bearish but the momentum which price recently showed to the downside was huge which has left inefficiency within the candles which price is now filling or one can say has already filled 80%. There’s nothing more on weekly and daily and it’s still not enough confluences so now moving to the 4 hour time frame.

    Waves - 1D

    On 4H time frame, a change in the structure of Waves has been observed which could potentially give us a long opportunity but as the Higher time frame hasn’t given any major structure shift it’s preferable to go with the shorts. It can be observed that the area where price has recently reacted is a supply zone known as DROP BASE DROP but here, one can’t neglect the momentum. As when the price was pushing down, it didn’t just reverse immediately, it consolidated it manipulated, and then an expansion was observed to the upside.

    Fractal Movement

    As price is fractal, the same scenario is being witnessed but in the opposite direction. The price of Waves still has the momentum and it’s consolidating at the moment, and it’s very possible that price can reach the level of $12.87 as its 4H & Daily mitigation Block. Now in case one is to take long and the price doesn’t tap in our desired Point of Interest, the Breaker Block zone which is around $9.23 is a great place to take longs. As the momentum is strong, the likelihood of price to reach the Order block is very less.

    Short Position – Waves

    Now coming back to the shorting scenario, the invalidation point would be $13.71 as that is the structural high, while the targets could be the Breaker Block and $7.95 as just above that many Supply Demand traders would be interested to buy, whom price can take out.

  • WAVES – What is the Chart Showing Us?

    WAVES – What is the Chart Showing Us?

    At the time of writing WAVES is being traded at the rate of $15.93 with an increase of almost 3% within the last 24 hours.

    The low within this tenure was around $14.93 and the high was approximately $15.95. The coin as being in the watchlist of many traders makes it rank all the way up to number 74th according to the latest data released by coin market cap.

    WAVES made its all-time high in the month of May 2021 where it reached an enormous amount of $41.86. At the moment it has a daily volume of $95,849,064 with a decrease of about 22.32% within the last 24 hours. The circulating supply of WAVES is now around 107M and the maximum supply is also 107M. WAVES has a dominance of 0.08%.

    The top exchanges for trading it are currently Binance, OKEx, FTX.

    Technical Analysis – WAVES

    The coin has one of the cleanest charts. It can be seen that as long as the price was bullish and in the uptrend, it carried onwards and mitigated two times a lower position. The price had bounced back from this level and went on to create a new high.

    WAVES - 1D

    After it failed to hold the next level, it dropped down and went into a downtrend. Now we can see that before all this (it can be seen at the start of the chart) that the price had created an order block that is present way before. This daily order block has remained unmitigated till now.

    Now what can be seen is that the price of WAVES showed a reversal and bounced without touching the order block. This movement was short-lived and the price is once again coming down. We can expect the price to touch the order block. From there a possible long can be taken depending on the overall market conditions.

    Price Prediction

    The coin had achieved a huge value of $41.86 before the crash. Unfortunately, it hasn’t been able to recover from the damage. In the long run, traders are highly bullish on the project. The price is currently at the same level where it was in June and has completely retraced back. According to the wallet investor, WAVES is a good investment. The price of the coin is to reach a value of $34.327 in a year. In five years, the price is expected to reach around $108.579.