BTC$24 167.69


ETH$1 802.06




USD Coin


Binance Coin




WAVES Isn’t Being Overly Impressive

February 2020

In 2019, Waves was a coin that behaved very differently from the rest of the market, which should be taken into consideration when planning your trading tactics with this particular cryptocurrency. Whereas the entire market had been engaged in a minor bullish trend that took place last year from May until mid-August, WAVES had actually been consolidating after its own bull run, which began much earlier, in November 2018, and driven the price from the bottom of $1.08 to the yearly high of $3.62 in less than a month.

WAVES all-time chart

But when in 2019 the market went into a correction phase, Waves decided to follow its suit, which led to it sliding down from $2,68 all the way to $0.54 in six months. The downtrend was interrupted in mid-December when the coin had bottomed out at $0.53 and initiated a bullish rally. The presumably first phase of the rally ended with WAVES increasing in value by 50% and reaching $1.06, after which the price formed a triple top pattern and plunged to $0.81 and entered a correction mode.

Below you can see the comparison chart of the price action of Waves and Bitcoin over the period of the last 90 days - it’s clear that the correlation between these two cryptocurrencies, and the crypto market in general, barely exceeds 80%.

WAVES/BTC 90-days chart

Therefore, when it comes to WAVES, it is advisable to develop a separate trading strategy without relying heavily on the price movements of Bitcoin.

Weak against Bitcoin

Such discrepancies in the price movement of WAVES and BTC could be perceived as a good opportunity for profit-making. Indeed, in the last two months, we saw significant price movements in the WAVES/BTC market, the first of which began on December 10, 2019, with an inverted hammer candlestick pattern, which has always been characterized as a reliable signal of a potential reversal. 

1-day WAVES/BTC chart

This time around, the signal had worked out perfectly as the price took off like a SpaceX shuttle, having gone from the bottom of 7,170 satoshis to the interim high of 14,130 sats in six green daily candles, with only one day of bearish initiative. Thus was formed a bullish flag that was later breached to the upside, in a move that turned out to be sour for traders who went long on WAVES.

Right now, the market is plummeting with the bulls being completely overrun, not being able to perform even a slight price bounce. The most probable scenario here involves WAVES sliding down to the area between 8000 and 9000 satoshis and beginning to consolidate. A breach of resistance at 11,000 sats could mean the cancellation of that scenario.

Moving in still waters

The situation on the WAVES/USDT market is not so dire as the BTC one, but it’s still nothing to boast about. 

WAVES/USDT daily chart

After a decent price rally, which took the coin from the bottom of the downtrend at $0.53 up above $1, the price has retraced by approximately 15% and entered a prolonged correction phase. The price is currently swimming beside the 50-period moving average, while the RSI is at around 55, which means that the market is still indecisive. All that is left to do now is to monitor the price and avoid setting the stop-losses too tightly.

Author: Alex Paulson for


WAVES Vaguely Hints at Bullish Reversal
WAVES Vaguely Hints at Bullish Reversal
Waves is Gearing Up for the Secondary Uptrend
Waves is Gearing Up for the Secondary Uptrend
Waves Tries to Establish a Secondary Uptrend
Waves Tries to Establish a Secondary Uptrend
Waves Is an Example of Crypto Health
Waves Is an Example of Crypto Health

Top Cryptocurrencies with Price Predictions

# Crypto Prediction Accuracy CVIX Price 24h 7d Market Cap 7d price change
1 Bitcoin (BTC) BTC Bitcoin predictions 76% 40 $24 167.69 4.37% 4.06% $461 986 960 625 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 64.4% 74 $1 802.06 5.66% 8.25% $219 634 900 920 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 92.4% 1 $1.000165 0% -0.01% $66 487 517 659 USDT 7 days price change
4 USD Coin (USDC) USDC USD Coin predictions 92.4% 1 $0.999821 -0.01% -0.03% $54 206 596 633 USDC 7 days price change
5 Binance Coin (BNB) BNB Binance Coin predictions 68% 61 $329.34 3.41% 15.25% $53 134 575 557 BNB 7 days price change
6 XRP (XRP) XRP XRP predictions 80.8% 40 $0.383652 2.43% 1.91% $18 546 934 260 XRP 7 days price change
7 Cardano (ADA) ADA Cardano predictions 73.2% 52 $0.544197 4.81% 6.15% $18 368 049 848 ADA 7 days price change
8 Binance USD (BUSD) BUSD Binance USD predictions 93.2% 1 $1.000037 0.03% 0.14% $17 878 592 729 BUSD 7 days price change
9 Solana (SOL) SOL Solana predictions 74% 44 $43.13 6.71% 2.19% $15 022 313 319 SOL 7 days price change
10 Polkadot (DOT) DOT Polkadot predictions 69.2% 58 $9.34 8.65% 10.04% $10 316 601 052 DOT 7 days price change
11 Lido stETH (STETH) STETH Lido stETH predictions 94.8% 1 $2 941.39 -0.40% -3.32% $10 258 752 564 STETH 7 days price change
12 Dogecoin (DOGE) DOGE Dogecoin predictions 82.8% 27 $0.071327 3.16% 3.99% $9 462 957 069 DOGE 7 days price change
13 HEX (HEX) HEX HEX predictions 70% 62 $0.054029 7.13% 11.76% $9 369 148 526 HEX 7 days price change
14 Avalanche (AVAX) AVAX Avalanche predictions 68% 69 $29.72 6.82% 27.01% $8 455 261 736 AVAX 7 days price change
15 Polygon (MATIC) MATIC Polygon predictions 64.8% 77 $0.944750 3.46% 3.94% $7 590 881 808 MATIC 7 days price change

Be the first to receive Cryptocurrency Price Predictions and Forecasts daily

Get cryptocurrency price predictions, forecasts with analysis and news right to your inbox.

© 2015-2022

The usage of this website constitutes acceptance of the following legal information. Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which they relate. All the information featured on the website, including information about the cryptocurrencies and bitcoin is intended solely for informational purposes, is not a means of advertising them, and doesn't imply direct instructions for investing. Crypto Rating shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information. The editorial staff of the website does not bear any responsibility whatsoever for the content of the comments or reviews made by the site users about cryptocurrencies. The entire responsibility for the contents rests with the authors. Reprint of the materials is available only with the permission of the editorial staff.