{"id":9024,"date":"2022-03-04T15:34:49","date_gmt":"2022-03-04T15:34:49","guid":{"rendered":"https:\/\/nftandcrypto-news.com\/crypto\/waves-risks-death-cross-plunge-after-price-rallies-88-in-six-days\/"},"modified":"2022-03-04T15:34:51","modified_gmt":"2022-03-04T15:34:51","slug":"waves-risks-death-cross-plunge-after-price-rallies-88-in-six-days","status":"publish","type":"post","link":"https:\/\/nftandcrypto-news.com\/crypto\/waves-risks-death-cross-plunge-after-price-rallies-88-in-six-days\/","title":{"rendered":"WAVES risks ‘death cross’ plunge after price rallies 88% in six days"},"content":{"rendered":"
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A major rally in\u00a0WAVES\u00a0price\u00a0this week that saw it nearly double risks faltering in the coming sessions due to a “death cross” technical pattern.<\/p>\n
WAVES price crashed 85% after ‘death cross’ in 2018<\/h2>\n
A death cross measure appears when an asset’s long-term moving average closes above its short-term moving average. <\/p>\n
Notably, on the WAVES’ weekly chart, its 50-week exponential moving average (50-week EMA; the red wave) jumped above its 20-week\u00a0exponential moving average (20-week EMA; the green wave) in the week ending Feb. 21 \u2014 a bearish crossover.<\/p>\n