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Waves risks ‘death cross’ plunge after price rallies 88% in six days -Breaking


major rally in Waves’ price this week that saw it nearly double risks faltering in the coming sessions due to a “Death cross” technical pattern.

A death cross measure appears when an asset’s long-term moving average closes above its short-term moving average.

weekly price chart featuring “death cross.” Source: TradingView
WAVES/USD weekly price chart featuring its “critical resistance.” Source: TradingView