WAVESBTC has broken out of a long-term downtrend line that was in force from the start of this year. There was a bearish crossover on January 21 and since then price has remained below the moving averages.
Price broke out of the downtrend line on April 15. Thereafter, the pullback on April 21 and 22 took support at the trendline and at the moving averages. The bullish crossover of the moving averages also completed on April 21.
All these point to a change in trend. The new trend can reach 0.0008 and 0.0009 levels. Therefore, traders can take a long position at the current levels of 0.00060645 and keep a stop loss of 0.0005.
Price broke out of the downtrend line on April 15. Thereafter, the pullback on April 21 and 22 took support at the trendline and at the moving averages. The bullish crossover of the moving averages also completed on April 21.
All these point to a change in trend. The new trend can reach 0.0008 and 0.0009 levels. Therefore, traders can take a long position at the current levels of 0.00060645 and keep a stop loss of 0.0005.