Crypto_Ed

WAVES bouncing

Long
BITTREX:WAVESBTC   Waves / Bitcoin
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WAVES is bouncing form previous lows after getting punished hard in the donwtrend.
These kind of coins are my favourite: lots of developments coming but getting surpressed hard.

Waves found a bottom and is making a 5 legs up towards the upper trendline of this downtrend.
Once it breaks out, we can start looking at the targets on left chart, but thats a long way to go. First target is to break out of this downtrend but it looks like a matter of time.

Targets determined with Fibonacci extensions.

trading advise: wait for breakout from downtrend if you are more conservative. Personally, I think buying here might be a nice entry.
Comment: takes a long time, but still on track